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Posts Tagged ‘Wall Street reform’

Obama on Dodd-Frank: Is He Serious?

Posted by Larry Doyle on August 20th, 2013 10:10 AM |

Three full years after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, less than 40 percent of the watered-down rules within the reform have actually been written.

And those that have fall mostly under the heading of low-hanging fruit.

President Obama played the populist card again yesterday, calling on Congress and the independent regulators to complete their work on this reform.

Does President Obama think the American public actually believes Wall Street has been or will be reformed via Dodd-Frank? Really? Is he serious?


Wall Street’s Top Strategy: Besiege The Regulators

Posted by Larry Doyle on July 25th, 2013 8:27 AM |

Everyday we hear of a new recommended strategy put forth by analysts on Wall Street.

Some of the supposed smartest people in the business recommend sector rotation strategies, others a new found pro-growth approach, still more prefer a style that accentuates value, and others investments that generate income.

There are seemingly as many strategies on Wall Street as there are strategists.

Of all the strategies put forth by Wall Street, though, what do you think is the top Wall Street strategy — not for you, the investor — but for the industry itself? I have no doubt as to the answer to this question. (more…)

Is Washington Enacting Financial Regulatory Reform or Merely ‘Studying’ It?

Posted by Larry Doyle on July 8th, 2010 1:27 PM |

How often have you experienced a situation in which somebody tries to project an air of leadership while truly dodging an issue? In the course of my career, I have witnessed this reality all too often. When and why does this occur? Typically, managers who are weak and overly political play this card. Washington plays this game all the time. The Obama administration has made an art of forming committees to study issues.

Our ‘so called’ leaders would like to project themselves as real leaders doing the people’s business, meanwhile they are beholden to other constituencies. God forbid they actually take a stand and show their true mettle. So we witness our politicians agreeing to ‘study’ issues, which is more often the equivalent of putting issues on the back burner or letting them die on the vine. Who wins? Lobbyists. Who loses? Average Americans. Who tries to save face? Our political cowards. (more…)

Senator Russ Feingold (D-WI) Rejects Financial Regulatory Reform

Posted by Larry Doyle on June 29th, 2010 8:28 AM |

America was assured by Washington’s political establishment that the financial regulatory reform package would prevent the need for another bailout of ‘too big to fail’ banks as occurred in 2008.

You didn’t believe them, did you?

Who stands up and has the courage to call out the Washington establishment on this charade? Senator Russ Feingold, Democrat of Wisconsin. Feingold writes:

“As I have indicated for some time now, my test for the financial regulatory reform bill is whether it will prevent another crisis. The conference committee’s proposal fails that test and for that reason I will not vote to advance it. (more…)

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