Posts Tagged ‘bill thomas’
Posted by Larry Doyle on January 26th, 2011 9:25 AM |
Tomorrow the Financial Crisis Inquiry Commission will release its widely anticipated report investigating the causes of our financial crisis. While many on Wall Street would like to promote the fact that the financial crisis was nothing more than ‘the perfect storm,’ we know that is not the case. The New York Times has received a preview of the FCIC’s report and highlights the fact that the Financial Crisis Was Avoidable, Inquiry Finds,
The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry. (more…)
Tags: bill thomas, FCIC report, FCIC report january 26 2011, financial crisis, Financial Crisis Inquiry Commisison report, Financial crisis inquiry commission, Financial Crisis Was Avoidable Inquiry Finds, phil angelides, The New York Times Financial Crisis Was Avoidable, what caused the financial crisis
Posted in General | 9 Comments »
Posted by Larry Doyle on June 2nd, 2010 1:20 PM |
Has America lost the courage to aggressively address those who commit fraud? Is the American public even aware of the massive fraud perpetrated by those in our financial system which led to our current economic crisis? Are those in Washington willing to take a stand, risk their own skins, call out those engaged in fraud, even if some of the fraudsters occupy neighboring seats at nearby regulatory bodies?
Unless we find people in our government who are willing to make these calls, repeat them publicly in a long, loud fashion, and compel prosecutors to issue indictments, then I fear our union will pay a price and incur a cost that may be immeasurable.
Why so strong? Why so strident? (more…)
Tags: addressing fraud, AIG, Arlen Specter, Barack Obama, Ben Bernanke, bill thomas, Brooksley Born, caveat emptor, CDS, Charles Keating, Conspiracy of Fools, control frauds, Dick Cheney, economic theory, efficient market hypothesis r, Enron scandal, Fannie Mae, FCIC, Financial crisis inquiry commission, financial frauds, fraud in our economy, frauds, Freddie Mac, George Akerlof, George W. Bush, Goldman Sachs, Hank Paulson, heather murren, how to address fraud, IBG YBG, indict fraudsters, investigating fraud, James Stewart's Den of Thieves, Joe Biden, John K. Galbraith, John Paulson, Kurt Eichenwald, Levy Economics Institute, liar loans, Lloyd M. Bentsen Jr. chair in Government Business Relations, market discipline, Mary Schapiro, Nelson's Eye, neutron loans, ninja loans, Paul Romer, Peter Fisher, phil angelides, rational expectations, Representative Doggett, Robert Johnson, Savings and loan fraud, SEC, speculation, systemic fraud, Thomas Ferguson, Tim Geithner, University of Texas, Wall Street, Washington, William K. Black
Posted in General | 4 Comments »
Posted by Larry Doyle on May 6th, 2010 11:03 AM |
The Financial Crisis Inquiry Commission is charged with the following:
… a bipartisan commission that has been given a critical non-partisan mission — to examine the causes of the financial crisis that has gripped the country and to report our findings to the Congress, the President, and the American people.
So far, I would grade the Commission’s work as an F, as in failing . . . as in f@*%ing pathetic. Why so harsh? 
(more…)
Tags: bill thomas, Brooksley Born, charge of FCIC, conflict of interests within FINRA, FCIC, FCIC questioning, Financial crisis inquiry commission, FINRA, heather murren, Mary Schapiro, phil angelides, what does FCIC do?
Posted in FCIC, General | 3 Comments »
Posted by Larry Doyle on January 13th, 2010 11:28 AM |
I did not expect to learn anything riveting from today’s Financial Crisis Inquiry Commission’s questioning of the Wall Street CEOs and I didn’t. Why?
The executives being questioned represent the survivors or are new to the game. Who are they?
Lloyd Blankfein of Goldman Sachs
Jamie Dimon of JP Morgan
John Mack of Morgan Stanley
Brian Moynihan of Bank of America
The Commission will be at work during calendar 2010, but the initial performance will pack the biggest punch and get the most attention. Why? Simply because the media will provide the greatest coverage to the opening round. (more…)
Tags: bill thomas, brian moynihan questioning january 13 2010 fcic, fcic questioning january 13 2010, Financial crisis inquiry commission, financial crisis inquiry commission questioning, heather murren, jamie dimon questioning january 13 2010 fcic, john mack questioning january 13 2010 fcic, lloyd blankfein questioning january 13 2010 fcic, phil angelides
Posted in General | 6 Comments »
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