Posted by Larry Doyle on May 16th, 2014 10:40 AM |
Credit Suisse is widely speculated to be close to pleading guilty to charges that it facilitated tax evasion for selected American clients.
Pretty heavy stuff indeed.
Truth be told, though, I really think this expected guilty plea by Credit Suisse is more a desired outcome for the DOJ looking for a specific offense rather than a natural progression of an investigation. If that were the case, then the DOJ should have already had a number of guilty pleas and a host of them in the on deck circle.
But let’s take this expected guilty plea on the part of Credit Suisse to the next step. What does it mean? (more…)
Posted by Larry Doyle on March 3rd, 2014 8:55 AM |
Perjury is a very serious offense or at least it is supposed to be.
If our system of justice and Congressional oversight do not uphold the law against those who commit or may have committed perjury, what does that say about the rule of law in our nation?
In my opinion, a situation in which perjury occurs and goes unpunished is another nail in the coffin holding the American ‘rule of law.’
To this end, let’s navigate and look a little deeper into a high profile case centered on Wall Street in which the immediate question begs whether Credit Suisse CEO Brady Dougan committed perjury in providing Congressional testimony last week. (more…)
Posted by Larry Doyle on June 23rd, 2011 8:32 AM |
You do not need to read Sense on Cents to know that Wall Street and America have problems. That said, the future of both the financial services industry and our nation are inextricably linked.
The innovative ideas which our nation must generate to drive future growth and employment require capital. Wall Street has that capital. In my opinion, Wall Street needs to seriously refine the use of its capital for its own benefit and that of our nation.
Can Wall Street adapt? Does Wall Street understand the errors of its ways? When might some real leaders on Wall Street call out for the industry to clean up its act? These questions can only be properly addressed in the future if there is an acknowledgment and understanding of where and when did Wall Street go wrong in the past. Let’s navigate.
Posted by Larry Doyle on February 28th, 2011 5:28 AM |
“Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong.”
With those words last evening, Charles Ferguson, the winner of the Academy Award for Best Documentary for his film Inside Job, did a lot more than merely begin an acceptance speech. Ferguson touched the third rail and made a political statement. But did he really? Really? Not in my opinion. Ferguson spoke the truth.
When did the mere voicing of the truth become political? Perhaps in America 2011 those who speak the truth actually stand out because we hear so little of the prized virtue. That reality is a sad commentary on our society.
I commend Ferguson. Backstage he had even more to say. (more…)