Posts Tagged ‘Wall Street-Washington incest’
Posted by Larry Doyle on December 27th, 2010 12:22 PM |
This commentary and attached story are a little lengthy but very important. I hope you will take the time to read, review, and share. LD
Is it possible that our nation can experience a historic demise in our economy and markets with little if any criminal activity involved in that process? Was our economic and market meltdown largely ‘a perfect storm’?
I do not buy those who would put forth that line of reasoning. Nor do I think should you.
Does it defy logic to think that our nation has been hit with trillions of dollars in losses and untold economic pain but only a relative handful of individuals were involved in criminal behaviors connected to this turmoil? Yes, that does defy logic.
Where are the criminal prosecutions? (more…)
Tags: a perfect storm, Art Samberg David Zilkha, Art Samberg hush money, Art Samberg Pequot scandal, Attorney General Eric Holder i, Bharara perjury, coordination among financial regulators c, criminal prosecutions from financial meltdown, Dodd-Frank whistleblower language, DOJ Pequot, Dr. Glen Kaiser Pequot Zilkha t, financial crimes, financial perfect storm, financial prosecutions, financial storm, Gary Aguirre Pequot, Gary Aguirre Pequot Samberg DOJ SEC Bharara, Goldman Sachs fine for Abacus, insider trading, insider trading Art Samberg, insider trading scandal, interaction between SEC and DOJ, John Cannallis of the SEC's New York Office, John Mack Art Samberg Pequot Capital, Karen Zilkha, Martha Stewart, Mary Schapiro, minor Ponzi schemes, MSFT options Pequot, Operation Broken Trust, Pequot insider trading of Microsoft, POGO, POGO Danielle Brian, POGO SEC Describes Possible Criminal Activity in Major Unprosecuted Hedge Fund Case, Preet Bharara, Project on Government Oversight Michael Smallberg, Rob Johnson, Robert Khuzami, Samberg hush money Zilkha, SEC, SEC fine of Goldman Sachs, SEC Lauren riser, SEC lawyer Mike Foster, Securities and Exchange Commission, Senator Charles grassley POGO Department of Justice, stock fraud crackdown, tell the truth, the need to tell the truth, unprosecuted cases, US Attorney Preet Bharara, US Attorney's Office for the Southern District, Wall Street abuses, Wall Street criminals, Wall Street-Washington incest, who has been prosecuted from financial demise, who is Dan Hurson, who is David Zilkha, William K. Black, Zilkha insider tips
Posted in General | 8 Comments »
Posted by Larry Doyle on December 1st, 2010 10:21 AM |
I loved growing up in Boston. My beloved knows how often I think back to the lessons learned and ‘education’ received in those formative years of the 1960s and early ’70s.
While growing up as a youth in Boston, my friends and I experienced plenty of situations that shaped our characters and our outlook. I know for a fact that my youthful experiences also had a profound impact on shaping my instincts.
What did I learn growing up in Boston? What did I learn riding those city buses and trolley cars? What were the lessons learned at Hynes, Fallon, and Billings Fields? What will I never forget when my friends and I ‘hustled’ our way into sports venues (gaining entry to the Boston “Gaahden” via the fire exits, sneaking into Boston College football games amidst the college band)? (more…)
Tags: Bank Stress Tests, Billings Field, boston, Boston College football, Boston Garden, Chris Dodd farewell speech, Chris Dodd swan song, city life in 1960s and 1970s, Doyle family West Roxbury MA, european bank stress tests, Fallon Field, growing up in a city, growing up in boston, growing up in West Roxbury, Hynes Field, Larry Doyle, lessone learned growing up in boston, lessons learned, life in Boston in the 1960s, life in Boston in the 1970s, MA, Sense on Cents, Wall Street-Washington incest, West Roxbury MA
Posted in General | 2 Comments »
Posted by Larry Doyle on November 19th, 2010 6:57 AM |
Where are our statesmen?
Where are the individuals who would choose to sacrifice personal gain for our national welfare? I am not talking about mere public policy implementation. I am talking about those who would choose to pursue and embrace the truth while exposing the incestuous Wall Street-Washington relationship that has brought our nation to its knees.
Where is today’s Ferdinand Pecora when we need him? I shudder to think that the great Pecora, who led the investigation of Wall Street practices which brought on the Great Depression, might be rolling over in his grave right now. Why’s that? (more…)
Tags: America's statesmen, cause of The Great Recession, causes of economic crisis, causes of The Great Depression, Crisis panel Delays Report Amid Rancor, FCIC, FCIC Bill Thomas, FCIC Phil Angelides, Ferdinand Pecora, Financial crisis inquiry commission, financial policemen, growth of The Tea Party, Larry Doyle, members of the FCIC, members of the financial Crisis Inquiry Commission, Pecora Commission, preface to Wall Street Under Oath, Sarah Palin, Sense on Cents, The Street, The Tea Party movement, Wall Street, Wall Street regulatory reform, Wall Street Under Oath, Wall Street's money-changers, Wall Street-Washington incest, Washington, who is ferdinand pecora, why is America outraged, why is The Tea Party thriving
Posted in FCIC, General | 15 Comments »
Posted by Larry Doyle on November 2nd, 2010 9:08 AM |
Will there soon be a run on U-Hauls in Washington DC?
Later this evening we will learn just how many incumbents in Washington are sent packing. In the process, we will assuredly hear from political pundits on both sides of the aisle as to what Americans are saying with their vote. In my opinion, we can dismiss the pundits and the politicians alike. While we are at it, we can throw a heap of cold water over the media as well. How so? Why’s this?
The simple fact is the rage coiling within the American populace has been developing for well over a year and today that rage will be released. The force multiplier of that rage will send a message to Washington and every corner of our great nation that Americans are beyond fed up with politics as usual and the crony capitalism that has flourished within that system. This rage is far different than anything I have ever witnessed in my lifetime. I highlighted it a year ago. While the reality of the rage was clearly evident in late 2009, our political representatives from both sides of the aisle did little to nothing to address it. Today they will pay the price for their lack of attention to the American public.
Let’s take a quick look back to the pulse of our nation in November 2009. Has that pulse remained the same? (more…)
Tags: america is outraged, americans feel disenfranchised, anti-incumbent fervor in America, Congressional elections November 2 2010, crony capitalism, disenfranchisement in america, failures within financial regulatory system, force multiplier in november 2 2010 vote, go vote, Goldman Sachs CEO LLoyd Blankfein, honesty and integrity in america, Jonathan Weil of Bloomberg, lack of transparency within our system, Larry Doyle, let freedom ring, media coverage of november 2 vote, midterm elections, moral decay within america, november 2 2010 vote, Obama redistribution, political pundits transalte the american vote define, populist rage in america, rage in america, referendum on obama november 2 2010, SEC MAry Schapiro, Sense on Cents, Susan Antilla of Bloomberg, Tea Party movement on november 2 2010, truth transparency and integrity, U-Hauls in Washington DC, Wall Street-Washington incest, Washington Wall Street incest, what are americans saying with their vote, what do americans feel, what's driving today's vote, what's fueling america's rage
Posted in General | 5 Comments »
Posted by Larry Doyle on October 29th, 2010 5:56 AM |
Here we are a full three years into our economic malaise, Uncle Sam has thrown everything and the kitchen sink at the economy yet we have little to no traction in terms of growth and momentum. Will another trillion dollars of liquidity do the trick? Well, while the Fed’s liquidity may move markets, will it move the economy? Don’t bet on it. The Fed and its brethren on Wall Street and in Washington are reluctant to truly level with the American people. How so?
Our nation is experiencing a serious structural change in our economy — not a mere ‘enormous downturn’ in the midst of the business cycle. If our central bankers and government officials were to emphasize this point, it may cause a sharper retrenchment in our current growth but it would likely lead to a quicker rebound. Before we get into why our bankers and their political cronies are reluctant to make this acknowledgement, let’s take the pulse of an array of venture capitalists, money managers, and others who provide the capital to a wide array of companies. What do these individuals think the economic impact of another round of quantitative easing might be? (more…)
Tags: Blackstone Group, Buttonwood Gathering, central bankers, Cliff Asness, Cliff Asness of AQR CApital MAnagement, Colm O' Shea, Comac Capital LLP, Economic Stimulus, Fed liquidity, Fed policy of QE2, Fed's credibility, Federal Reserve policy, how to stimulate the economy, Pimco Bill Gross, Pimco Likens US to Ponzi Scheme, QE2, quantitative easing, quantitative easing 2, quantitative easing policy, redistribution, Schwarzman Says Fed Easing Wont Make Much Difference, stimulating the economy, structural change vs business cycle, The Economist, Tony James, UK based The Telegraph, Wall Street Washington relationship, Wall Street-Washington incest
Posted in General | 7 Comments »
Posted by Larry Doyle on September 18th, 2010 12:14 PM |
LD’s edit: Thank you to a Sense on Cents reader, Transparency, for informing us that Senate Judiciary Committee Approves Bill To Repeal SEC FOIA Exemptions.
Thanks to a loyal reader of Sense on Cents for sharing this press release put forth earlier this week. Not that the Republican Party does not have a LOT to answer for in terms of the final Financial Regulatory Reform, but at least on this front, I commend Darrell Issa (R-CA) for introducing this legislation.
Issa Introduces the SEC Freedom of Information Restoration Act
President Obama at Signing of Financial Reform Bill: “It demands accountability and responsibility from everyone…It demands accountability and responsibility from everyone…And we all win when folks are rewarded based on how well they perform, not how well they evade accountability.” (more…)
Tags: Aaron Schock, Allen Stanford, Angela Canterbury, Barack Obama, Bernie Madoff, Bill Shuster, blaine leutkemeyer, Brian Bilbray, Dan Burton, Darrell Issa, Dodd Frank Wall Street reform and Consumer Protection Act, finreg, FOIA, Freedom of Information Restoration Act, Gary Aguirre, Issa Introduces the SEC Freedom of Information Restoration Act, jason Chaffetz, Jeff Fortenberry, jim jordan republican of ohio, John Duncan, John Mica, oversight and government reform committee, Patrick McHenry, rule 9291, sec failures in madoff and stanford scams, section 9291, Spencer Bachus, Wall Street-Washington incest
Posted in General | 4 Comments »
Posted by Larry Doyle on September 18th, 2010 11:33 AM |
Saturday morning in America and life is good.
Yesterday, I gave major props to our great American Gary Aguirre for addressing critically important issues embedded in the recently enacted Financial Regulatory Reform package which allows further FOIA (Freedom of Information Act) exemptions by the SEC. (Aguirre wrote a fabulous dissertation in the September Wall Street Lawyer, which I embedded in my commentary.) I qualified yesterday’s commentary, Great American Gary Aguirre “Cross Examines” in re: SEC’s FOIA Exemptions, as perhaps the most important and enlightening ever put forth at Sense on Cents. I truly believe that. Gary Aguirre is a great American.
He has company. (more…)
Tags: Aguirre vs SEC, Angela Canterbury testimony, Art Samberg Pequot investigation, Barney Frank, Christopher Dodd, Consumer Protection Act, Darrell Issa on SEC freedom of information exemptions, Dodd-Frank Wall Street Reform, economic crisis, fight for transparency, financial regulatory failures, Fox Business News FOIA request, House Financial Service committee on SEC FOIA, increased transparency and accountability, John MAck Pequot investigation, keep punchin, Larry Doyle, POGO, project on Government Oversight, SEC FOIA exemptions, SEC's failures in MAdoff and Stanford cases, SEC's New Confidentiality Provisions, Sense on Cents, systemic regulatory failures, Wall Street-Washington incest, what is 929I provision, what is FOIA, who is Angela Canterbury
Posted in General | 1 Comment »
Posted by Larry Doyle on September 17th, 2010 8:03 AM |
I truly believe this could be the single most important and enlightening commentary ever put forth at Sense on Cents. Although it is a little lengthy and has some legalese, if you care about truth, transparency, and integrity in our nation, take the time to read and review. You will be better for it. I encourage you to share it with friends and colleagues.
Washington still does not get it.
I strongly believe the deeply embedded Wall Street-Washington incestuous relationship was central to the erosion of our economic foundation. While that incest must be extirpated if we are to regain our economic standing, we continue to suffer through “show trials” dealing with the critically important topic of pursuing transparency across our political and financial landscape. Regrettably, the media in general provides limited coverage to this ongoing pursuit. To that end, I welcome banging this drum and engaging those in our nation who will ask the hard questions and put forth aggressive propositions so real transparency can be achieved. Even if the pursuit comes up short, the effort and goals are beyond worthy. Let’s navigate.
Yesterday, the House Financial Services Committee chaired by Barney Frank held a hearing to address the SEC’s exemptions from Freedom of Information requests embedded in the Financial Regulatory Reform legislation. Congressman Frank rolled out the red carpet to SEC Chair Mary Schapiro. From the testimony, Frank offers: (more…)
Tags: 929I, Aguirre Pequot Capital Art Samberg, Barney Frank, financial regulatory reform, finreg, FOIA, freedom of information, Gary Aguirre, Gary Aguirre John Mack, House Financial Services, Mary Schapiro, Robert Khuzami, SEC FOIA exemptions, SEC OCIE, SEC OIG David Kotz, September Wall Street Lawyer, Wall Street-Washington incest, what is 929I, who is Gary Aguirre
Posted in General | 13 Comments »
Posted by Larry Doyle on July 29th, 2010 12:33 PM |
Kudos to Fox Business News for leading the charge within the financial media on the need for real transparency at the SEC. FBN’s Adam Schapiro was just on chatting with Stuart Varney on this very important topic. Listen to Adam, and ponder his comments in light of the Madoff and Stanford travesties that took place literally right under the nose of the SEC. (Clicking on the image will bring you to the Fox Business News website, and the video clip will begin to play automatically.)
Who is the SEC protecting?
LD
Tags: Adam Schapiro, Adam Schapiro intreview with Stuart varney, Fox Business News, freedom of information act, Larry Doyle, Mary Schapiro, SEC and FOIA, SEC regulation regarding freedom of information, Sense on Cents, Wall Street-Washington incest
Posted in General, SEC | 2 Comments »
Posted by Larry Doyle on July 29th, 2010 7:10 AM |
Is the SEC’s Inspector General David Kotz looking for a new job? How about SEC Head Mary Schapiro? Is she also looking for a new job?
Why do I ask? Is America aware that the new Financial Regulatory Reform bill, recently passed by Congress and signed into law by President Obama, will effectively close the doors and shut the blinds at the SEC in terms of people being allowed to gain access to information? Why and how do situations like this happen? Let’s navigate.
Fox News highlighted this travesty yesterday in writing, SEC Says New Financial Regulation Law Exempts It from Public Disclosure:
So much for transparency. (more…)
Tags: Financial regulatory reform bill, FOIA, Fox Business News, freedom of information act, Gary Aguirre, Harry markopolos Don't trust the Government, Larry Doyle, mary schapiro and mark mcgwire, Mary Schapiro David Kotz, Pequot, President Obama support for transparency, SEC Financial Regulatory Law H.R. 4173, SEC OIG David Kotz, SEC transparency and disclosure, Sense on Cents, Wall Street-Washington incest
Posted in General, SEC | 15 Comments »
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