Posts Tagged ‘Wall Street-Washington incest’
Posted by Larry Doyle on May 23rd, 2013 9:05 AM |
Incestuous activity in every fashion is a destructive and corruptible force. Would anybody hoping to be regarded as a serious, credible individual dare say, “Hey, I think incestuous activity is actually pretty good.”
Certainly not, although those engaged in the behaviors may appreciate the benefits that accrue to them without wanting them brought to light.
On that note, the incestuous dynamic that defines the Wall Street-Washington-Regulatory menage-a-trois continues to thrive. You don’t have to take my word for it. Let’s listen to what Simon Johnson, former chief economist of the IMF, professor at MIT Sloan, and a senior fellow at the Peterson Institute for International Economics has to say on this topic. (more…)
Tags: bank boards of directors, financial power corrupts system, financial regulation, in bed with Wall Street, Jamie Dimon JP Morgan, Project Syndicate, Simon Johnson, Simon Johnson JP Morgan CEO, Wall Street-Washington incest
Posted in boards of directors, General, regulation, Wall Street, Wall Street Washington Incest | No Comments »
Posted by Larry Doyle on May 1st, 2013 7:35 AM |
A few days ago Columbia University’s Jeff Sachs delivered a diatribe on the crony corruption pervasive in the Wall Street – Washington dynamic to a cadre of elites in attendance at a Philadelphia Federal Reserve symposium.
Well, yesterday Sachs took his message to the masses in the midst of an exchange on MSNBC’s Morning Joe.
Selected other liberal contributors to this exchange seemed to me to be almost embarrassed by the beating Sachs put on the “bought and paid for” crowd atop Capitol Hill and others residing and working at 1600 Pennsylvania Avenue.
Grab a second cup of coffee and watch this clip from the 3:30 mark. It will only take you 8 minutes and it is well worth it. (more…)
Tags: Columbia University Jeffrey Sachs, Dodd Frank Fraud Dank, financial reform, in bed with Wall Street, in bed with Wall Street Larry Doyle, Jeff Sachs on Morning Joe, Sense on Cents in Bed with Wall Street, Wall Street-Washington incest, what financial reform
Posted in General, Wall Street Washington Incest | 5 Comments »
Posted by Larry Doyle on April 29th, 2013 7:13 AM |
If anybody were to think that the fight for decency and justice in our markets, our nation’s capital, and throughout our land were to have run its course . . . well think again.
In a volley of invectives not often seen in the genteel world of liberal academia, Columbia University professor Jeffrey Sachs recently threw a string of verbal haymakers that would have made the noted NHL hitman Chris “Knuckles” Nilan proud.
Sachs was named one of the world’s 100 Most Influential people by Time magazine in 2004. His professional body of work speaks for itself. At a symposium held recently at the Philadelphia Federal Reserve, Sachs dropped the gloves and unleashed the following:
“What has been revealed, in my view, is prima facie criminal behavior,” he said. (more…)
Tags: Chris Nilan The Last Gladiators, Columbia University Jeffrey Sachs, Jeff Sachs, Jeff Sachs on Barack Obama, Jeff Sachs on financial regulation, Jeff Sachs on John Paulson, Jeff Sachs on Larry Summers, Jeff Sachs Philadelphia Federal Reserve conference, Jeff Sachs unloads on docile Obama, Jeff Sachs unloads on Wall Street, Jeff Sachs unloads on Washington, Jeffrey Sachs Chris Knuckles Nilan, Wall Street-Washington incest
Posted in financial frauds, General, Wall Street Washington Incest | 11 Comments »
Posted by Larry Doyle on April 23rd, 2013 7:37 AM |
What are the most important issues you face?
I imagine most would think that physical, mental, and emotional well being would rank highest on your list.
Imagine, then, the individuals to whom you went for independent and objective advice on these very personal issues were to inform you that their insights were, in fact, highly conflicted and that their proclamations and prescriptions were actually little more than “puff.” You would probably be more than a little pissed off.
What about your financial well being? (more…)
Tags: credit ratings frauds, credit ratings on Wall Street, lawyers for S&P, puffery, ratings agencies, S&P credit ratings, S&P puffery, Standard and Poors credit ratings, US vs S&P, Wall Street, Wall Street-Washington incest
Posted in General, rating agencies, Wall Street Washington Incest | 3 Comments »
Posted by Larry Doyle on April 11th, 2013 8:16 AM |
Do you believe that the leak of the Federal Reserve release, a full day before it was to be shared publicly, was a mere accident?
If so, I might caution you from opening e-mail solicitations you receive from individuals in Nigeria informing you that you are the beneficiary of millions of dollars from recently deposed warlords in that nation or other sub-Saharan locales.
I mean, come on. Major financial institutions including Goldman Sachs, JP Morgan Chase, Wells Fargo, The Carlyle Group and more are informed a full day in advance of what the Fed governors are thinking, and the American public is supposed to buy that as an accident? (more…)
Tags: banks receiving Federal Reserve leak, Ben Bernanke Federal Reserve minutes, Brian Gross career, Brian Gross Federal Reserve, Federal Reserve leak, Federal Reserve leak Brian Gross, revolving door, Wall Street, Wall Street-Washington incest, who is Brian Gross
Posted in Federal Reserve, General | 3 Comments »
Posted by Larry Doyle on January 28th, 2013 8:56 AM |
What is the basis of any relationship?
Trust.
How much do you want to engage somebody if you have little to no trust in that individual or institution? Obviously not much. A healthy society is one in which trust is pervasive. The premise and foundation of trust within our relationships allows for the free flow of information, capital, and goods. Everybody benefits.
Regrettably, our nation has an enormous trust deficit currently. Why so? Once violated, trust does not easily or quickly return or regenerate. Although many within positions of leadership in our nation would like to present the rebound in our markets and supposedly within our economy as indicative of a return to a healthy nation, they are FOOLS if they truly believe that. Why so? (more…)
Tags: can I trust banks, can I trust the media, economic impact of lack of trust, economy suffers from lack of trust, How a Trust Deficit is Hurting Our Economy, how many trust our banks, impact of trust deficit, impact on our economy from lack of trust, trust Congress, trust deficit, trust deficit in America, trust in the media, trust in Wall Street banks, Wall Street-Washington incest
Posted in Banking Institutions, General, Trust, Wall Street Washington Incest | 2 Comments »
Posted by Larry Doyle on January 18th, 2013 8:42 AM |
Two months ago, I inquired as to who might be our nation’s next chief financial cop, that is, the next head of the Securities and Exchange Commission.
Are we about to see a continuation of the Wall Street-Washington revolving door at work for this critically important position? How so?
A leak yesterday puts the name of Mary Jo White into the mix to head the SEC. Who is she? Is she the right person for the job? Not according to Sense on Cents Hall of Famer Gary Aguirre, who pulled no punches yesterday in asserting,
“Obama is not going to clean up financial corruption by pinning a sheriff’s badge on Wall Street’s protector-in-chief.” (more…)
Tags: how does revolving door work, lack of investor protection, mary Jo White Debevoise Plimpton, Mary Jo White John Mack Gary Aguirre, Mary Jo White Pequot Holdings case, Mary Jo White SEC, revolving door, San Diego Reader Wall Street Lawyer to Head SEC?, SEC, SEC Mary Jo White, Wall street owns Washington, Wall Street protector in chief, Wall Street-Washington incest, watch your wallets, who is Mary Jo White, who wil Obama name as next head of SEC, who will be next head of SEC, who will be the next head of the SEC, who will next chair the SEC, who will next head the SEC, who will next lead the SEC, will Mary Jo White lead the SEC
Posted in General | 5 Comments »
Posted by Larry Doyle on January 4th, 2013 11:57 AM |
Four years after the fact and America still does not know what really transpired within the Madoff scandal. Who knew what? Who did what?
Are we supposed to believe that only Bernie and a few other miscreants within his web perpetrated this scam unbeknownst to others on Wall Street and within the halls of our financial regulators? That premise would take the definition of naivete to an exceptionally elevated level.
What other entities benefited from feeding off Bernie Madoff? Well, if we needed to rely on the likes of JP Morgan, we will seemingly never learn that info and likely more. Why is that? (more…)
Tags: Bernie Madoff, Bernie Madoff relationship with JP Morgan, JP Morgan and Bernie Madoff, JP Morgan holding back Madoff documents, JP Morgan Madoff scandal, JP Morgan relationship with Bernie Madoff, JP Morgan Stephen Cutler, Madoff, Wall Street-Washington incest, what did JP Morgan know about Madoff scam, who knew abo0ut Madoff scam at JP Morgan
Posted in Bernie Madoff, General, Madoff, Wall Street Washington Incest | 12 Comments »
Posted by Larry Doyle on October 27th, 2012 6:44 AM |
Can you imagine the media coverage of a train wreck in which the passengers largely consisted of hundreds of thousands of American college, university, and graduate students? Every news outlet in this nation would set up shop by the roadside to cover that massive human interest story.
Well, that train wreck is playing out in slo-motion each and every day in our country. Is that right? Yep, and it has garnered little of the requisite attention it deserves. Let’s navigate and take a personal look inside the trillion dollar student loan disaster. Interesting that it takes coverage from Euronews to shine a light on this pileup. (more…)
Tags: cost of public and private education, costs of education, Euronews The Debt Generation with Valerie Zabriskie, how to pay for college, Larry Doyle Sense on Cents, student lending problem, student loan bubble, student loan crisis, Student Loan Train Wreck, student loans, SUNY New Paltz, The Debt Generation, Wall Street-Washington incest
Posted in General, student loans | 2 Comments »
Posted by Larry Doyle on September 27th, 2012 7:20 AM |
Yesterday’s commentary addressing the gross injustice of an SEC attorney walking away largely unscathed after having blown the cover of a whistleblower resonated far and wide. What is it about this story of the whistleblower Peter Sivere having his confidence violated that consumes me and strikes right at the core of America?
Sivere was victimized by those charged with upholding our laws, protecting our values, and promoting a system of free and fair trade. Peter Sivere’s story epitomizes the essence of the Wall Street -Washington Incest which I have railed on for the last three years.
Yet, Peter Sivere awakes again today a victim with no real justice. While he bears the brunt of the pain of being victimized, the simple fact is Sivere is every good and decent man and woman in America. As Sivere suffers, so do we all.
It does not have to be this way. How might it begin to change? (more…)
Tags: George Demos, JP Morgan compliance, justice for Peter Sivere, Nita Lowey letter to SEC chair Mary Schapiro, Nita Lowey Peter Sivere, Peter Sivere, Peter Sivere case, Peter Sivere JP Morgan, Peter Sivere whistleblower, protection of whistleblowers, SEC whistleblower protection, Wall Street-Washington incest, whistleblower protection
Posted in General, SEC, Wall Street, Wall Street Washington Incest | 17 Comments »