Subscribe: RSS Feed | Twitter | Facebook | Email
Home | Contact Us

Posts Tagged ‘Wall Street-Washington incest’

Interview on Lou Dobbs Tonight on Fox Business

Posted by Larry Doyle on January 11th, 2014 5:06 AM |

There is never any bad press. Although my interview on Lou Dobbs Tonight last evening may have only run for 3 plus minutes, the points covered go to the core of my recently released book.

I was about to connect and expose the third leg of the Wall Street-Washington conspiracy, that being the scandalous corruption within our regulatory system, when host Lori Rothman inquired about Dodd-Frank.

What didn’t we talk about last evening but is covered in the book? (more…)

Simon Johnson’s Sense on Cents Classic

Posted by Larry Doyle on September 17th, 2013 9:15 AM |

On a daily basis we now get fed less than comprehensive if not fully distorted views of the last 5 years by an array of politicians, industry sponsored economists, and assorted other puppets.

While the airwaves and other outlets are filled with much of this noise, let’s take a step back so we can get the wide-angled view as to what has really transpired within our nation and the global economy. To do so, lets check in with Sense on Cents Hall of Famer Simon Johnson who provided a prescient view as to what was — and is — really going across a wide swath of our economic landscape.

In a Sense on Cents “past is prologue” classic, Johnson wrote back in 2009 in The Atlantic:  (more…)

Won’t Have Larry Summers to Kick Around Anymore

Posted by Larry Doyle on September 16th, 2013 10:51 AM |

I have no doubt that Larry Summers’ choice to withdraw from his well known desire to be the chairman of the Federal Reserve only came at the behest of the White House.

I firmly believe that President Obama and the most senior execs on Wall Street wanted their pal Larry to be the next Fed chair.

As it became increasingly obvious that a Summers nomination would have required an expenditure of significant political capital, the administration likely told Larry to do the honorable thing and step aside gracefully.

Most observers know that Summers is not typically defined as graceful, but rather more akin to a lighting rod. As seen in this brief Bloomberg clip: (more…)

Morning Joe : How Wall Street Won

Posted by Larry Doyle on September 13th, 2013 9:27 AM |

Lehman Brothers failed on September 15, 2008.

We are now two days away from the 5 year anniversary of that fateful day and the unfolding of a string of events that continue to ripple across our global economy and markets.

As with the anniversaries of most cataclysmic events, we can now expect an ongoing stream of dialogue as to what led to the crisis and how things have played out since then.

The folks at Morning Joe had a brief 7-minute discussion recently with Time magazine editor Radhika Jones on this topic and these questions. They definitely hit upon some of the key issues but they do not use the one key word to define what really happened both pre and post crisis. What is that word? Let’s take a listen first to what they have to say: (more…)

The Ghost of Robert Rubin

Posted by Larry Doyle on August 19th, 2013 9:27 AM |

There was a point in time — pre-crisis, of course but in reality not all that long ago — when former Fed chair Alan Greenspan was viewed as almost god-like. Greenspan was supposedly smarter than all other central bankers. Well, those times have passed.

In retrospect, Greenspan has been shown to be a central player amid the cabal that controls our market and economy. In a recent commentary, Bloomberg’s Bill Cohan defines this group as The Club.

The Club has many wannabe members running around Washington and Wall Street, but the true inner circle of The Club consists of a small handful of power brokers and none bigger than Robert Rubin.

You remember Rubin, right?  (more…)

Bank America Mortgage Racket: We Were Told To Lie

Posted by Larry Doyle on June 14th, 2013 9:02 AM |

Not that we needed any further evidence of the racketeering enterprises run within the mortgage operations on Wall Street, but with the recently delivered testimony of Simone Gordon, a senior collection officer within Bank of America’s mortgage ‘racket’ . . . we got it.

I first questioned whether the activities within the mortgage servicing enterprises on Wall Street rose to the level of racketeering in early 2011 after having becoming aware of Wall Street’s practice of robo-signing mortgage documents in order to engage in the fraudulent conveyance of countless mortgages. (more…)

Uncle Sam’s Inside Info and Wall Street’s Insider Trading: Excuse Me While I Vomit

Posted by Larry Doyle on June 11th, 2013 10:23 AM |

Information is everything.

You may not be aware whether you own stock in the managed health care company Humana via a mutual fund or not. I would imagine if you own Humana as an individual holding, you would be keenly aware that this company saw close to a 20% increase in its stock price back on April 2nd.

Did you participate in that spike or did you have a sell order in place at a certain level and get taken out well below the upward move? (more…)

Taibbi Further Investigates Furey v SEC

Posted by Larry Doyle on June 3rd, 2013 10:11 AM |

Wouldn’t you like to have been a fly on the wall to witness what really went on  – and still goes on — within the offices of the SEC and our other financial regulators?

Oh the stories and tales of woe that one might be able to share. Every now and then, though, one does not need to worry about being a fly because details of internal intrigue make their way out of the commission.

To that end, a few weeks back both Bloomberg’s Bill Cohan and I shed light on the incredible allegations of incompetence, negligence, if not outright corruption within the SEC made by an internal whistleblower Kathleen Furey.

Over the weekend Rolling Stone’s Matt Taibbi provided even greater transparency on the incredible — or in light of what we have learned about the SEC, perhaps not so unbelievable — allegations made by Ms. Furey in her whistleblower complaint. Those familiar with this case may recall that Furey alleged her superiors within the SEC’s New York office maintained that they did not handle cases dealing with investment managers. Incredible? Unbelievable? Maybe not so much.
(more…)

Uncle Sam’s Rent-Seeking Economy circa 2013

Posted by Larry Doyle on May 29th, 2013 5:22 AM |

Are we in the midst of the greatest transfer of wealth in modern times?

I will allow others to debate the merits of that question, but I propose it in order to address what I see increasingly as the “new normal” reality of our current economic condition here in the United States. What lies at the core of this new normal dynamic? A rent-seeking economy, defined as:

When a company, organization or individual uses their resources to obtain an economic gain from others without reciprocating any benefits back to society through wealth creation.

An example of rent-seeking is when a company lobbies the government for loan subsidies, grants or tariff protection. These activities don’t create any benefit for society, they just redistribute resources from the taxpayers to the special-interest group. (more…)

Weekend Viewing: Moyers and Morgenson

Posted by Larry Doyle on May 25th, 2013 12:26 PM |

A healthy does of ‘sense on cents‘ in this 18 minute exchange between Bill Moyers and The New York Times’ Gretchen Morgenson. Call it what you want but from my standpoint capitalism and democracy are being compromised by cronyism and corruption. The evidence is overwhelming.

The health and well being of future generations require that we must continue to call out the crony collusive conspiracy at play in America. Check this out and pass it along.

Navigate accordingly.

for those receiving this commentary via e-mail, you can access this video here

Larry Doyle

Isn’t  it time or overtime to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook.

I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.






Recent Posts


ECONOMIC ALL-STARS


Archives