Posts Tagged ‘Dodd-Frank financial regulatory reform’
Posted by Larry Doyle on September 9th, 2013 9:37 AM |
As the 5 year anniversary of the demise of Lehman Brothers approaches, I would expect to see a steady stream of reviews of that critical period and interviews with some of the players involved.
Do not expect any mea culpas from those who brought our nation to its knees but let’s take a closer look at what former US Senator Chris Dodd has to say about those fateful days and his attempt to clean up a mess that he was party to creating in the first place.
The WSJ recently interviewed him regarding the financial regulatory reform legislation that has his name attached: (more…)
Tags: Chris Dodd, Chris Dodd interview with Dan Seib, did Dodd Frank end too big to fail, Dodd-Frank financial regulatory reform, lack of confidence in America, Lehman Brothers 5 year anniversary, unintended consequences, why is our economy so weak, WSJ interview with Chris Dodd
Posted in Christopher Dodd, General | No Comments »
Posted by Larry Doyle on August 13th, 2013 8:16 AM |
In late November 2008, incoming White House chief of staff Rahm Emanuel told a group of corporate executives, “you never want a serious crisis to go to waste.”
Well, here we sit almost 5 years later. Is there any doubt that in terms of utilizing the crisis to implement the necessary meaningful financial regulatory and structural reforms, we have, in fact, wasted this crisis? Come on, do we even have to ask?
Adam Davidson of The New York Times would seem to believe the same as he wrote the following in a recent commentary: (more…)
Tags: Anat Admati, bank leverage, banks borrow too much, Charles Calomiris, Did We Waste a Crisis Adam Davidson, did we waste the crisis, Dodd-Frank financial regulatory reform, financial regulatory reform, government rules are too confusing, is the Pope Catholic, Rahm Emanuel, Rahm Emanuel comment about crisis, the public has been misled, you never want a serious crisis to go to waste
Posted in financial crisis, General, Wall Street Washington Incest | 3 Comments »
Posted by Larry Doyle on October 3rd, 2012 9:05 AM |
Despite a wealth of political bluster that Wall Street has been reformed, we awake this morning to see that very little has really changed on this front. Financial regulatory reform? Not today, folks.
The simple fact is when it comes to Wall Street regulation, investors, consumers, and the American public at large are being fed the same helping of dog$hit.
We need look no further than a meeting held just yesterday of industry executives and securities regulators to see exactly this. (more…)
Tags: Dodd-Frank, Dodd-Frank financial regulatory reform, financial self-regulation, FINRA, FINRA meter maids, Joe Saluzzi, Market Complexity Cited in Snafus, Sal Arnuk, self-regulation on Wall Street, Themis Trading, Wall Street regulation, Wall Street regulatory reform
Posted in FINRA, General | 7 Comments »
Posted by Larry Doyle on September 26th, 2012 5:51 AM |
While listening to the upcoming Presidential and Vice-Presidential debates and you hear selected politicians make the case that they have reformed Wall Street, I recommend you get yourself a barf bag and think of the story I share with you today.
I introduced readers of this blog to whistleblower and former JP Morgan Chase compliance officer Peter Sivere in early 2010. For those unaware, Mr. Sivere had his identity revealed — that is, his confidence was violated — by an SEC attorney while in the process of blowing the whistle in an after hours trading case ongoing at JP Morgan.
Going on three years later Sivere and America still wait for the SEC to make proper amends in his case. Why is that fact and this case so important? (more…)
Tags: Dodd Frank reform of Wall Street, Dodd-Frank financial regulatory reform, Eliot Spitzer interview with Bill Cohan, JP Morgan Canary after hours trading scandal, JP Morgan Joan Guggenheimer, Obama reform of Wall Street, Peter Sivere case, Peter Sivere George Demos, Peter Sivere whistleblower, SEC after hours trading scandal, SEC in bed with Wall Street, Spitzer interview with William Cohan, Wall Street corruption, Wall Street-Washington incest, who violated Peter Sivere
Posted in General, SEC, Wall Street, Wall Street Washington Incest | 13 Comments »
Posted by Larry Doyle on July 20th, 2011 8:49 AM |
Would your blood start to boil if you felt a hand in your back pocket going for your wallet? Damn right it would.
Then your blood should also boil when the topic of financial regulatory reform comes up. Why?
For the very simple reason that the quality of our financial regulations has an enormous impact on that hand reaching for your wallet.
Do you have confidence that either the crowds on Wall Street or in Washington will truly and effectively protect you from that hand? Not much, right? Me neither. Who will? (more…)
Tags: consumer and investor protections, debate over financial regulations, Dodd-Frank Act implementation, Dodd-Frank financial regulatory reform, Elton Johnson of Amerivet Securities, financial regulatory reform, FINRA Accountability and transparency, future financial regulations, hand going for wallet, Institutional Shareholder Services, investor education, ISS, Larry Doyle, POGO, quantity vs quality of financial regulation, Sense on Cents, structure of financial regulations, The SIPA, U.S> Capital Markets Competitiveness: The Unfinished Agenda, U.S. Chamber of Commerce report on financial regulation, US Chamber of Commerce, Wall Street regulation, who is Finra, who protects consumers, who protects investors
Posted in FINRA, General, regulation | 2 Comments »
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Did We Waste The Crisis? Is the Pope Catholic?
Posted by Larry Doyle on August 13th, 2013 8:16 AM |
Well, here we sit almost 5 years later. Is there any doubt that in terms of utilizing the crisis to implement the necessary meaningful financial regulatory and structural reforms, we have, in fact, wasted this crisis? Come on, do we even have to ask?
Adam Davidson of The New York Times would seem to believe the same as he wrote the following in a recent commentary: (more…)
Tags: Anat Admati, bank leverage, banks borrow too much, Charles Calomiris, Did We Waste a Crisis Adam Davidson, did we waste the crisis, Dodd-Frank financial regulatory reform, financial regulatory reform, government rules are too confusing, is the Pope Catholic, Rahm Emanuel, Rahm Emanuel comment about crisis, the public has been misled, you never want a serious crisis to go to waste
Posted in financial crisis, General, Wall Street Washington Incest | 3 Comments »