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JPMadoff: New Site Hits JPMorgan Hard in re: Madoff

Posted by Larry Doyle on August 12th, 2014 11:46 AM |

In early January of this year, JP Morgan was hit with a $2 billion fine and a deferred prosecution agreement for its failures to properly manage and monitor its 20-plus year relationship with the Sultan of Swindle Bernie Madoff.

In my opinion, that settlement had little meaningful correlation with what most in our nation would define as justice. I wrote as much in my commentary, JP Morgan – Madoff: Lots of ‘CYA’ But Little ‘KYC’.

After this settlement was finalized, I can only assume that many of the folks at FINRA, the SEC, DOJ, SIPC (Securities Investor Protection Corporation), and certainly JP Morgan exhaled a welcome sigh of relief to see the JPM-Madoff affair fading into the rear view mirror.

Not so fast!! Read the rest »


What Is Really Going On at The SEC?

Posted by Larry Doyle on August 11th, 2014 9:38 AM |

If we thought that our nation’s top financial cops had embraced the mantel of truly protecting the public interest, a recent story put forth by CNBC gives us serious reason to pause in that assessment.

This story addresses a leak inside the commission and generates far more questions than answers as to what is really going on inside the offices of the SEC.

Let’s navigate, review, and critique how the SEC Probes Its Own Leak But Can’t Find Culprit:

The inspector general of the Securities and Exchange Commission conducted an intensive, months-long dragnet in 2013 and 2014 involving phone, email and security searches to determine who inside the agency allegedly leaked information to the media about a closed commission meeting discussing the massive JPMorgan “London Whale” settlement, CNBC has learned.

Read the rest »


Ashoka Mody: “Global Economy’s Groundhog Day”

Posted by Larry Doyle on August 8th, 2014 6:24 AM |

While all too many market prognosticators, political pundits, central bankers, and Wall Street economists work overtime at creating and promoting a narrative to fit an improving global growth story, I have not seen the underlying fundamentals here at home or abroad to support that case.

So while I will quickly peruse the views and opinions of the aforementioned lackeys spinning their yarns, I prefer to look elsewhere to find those pursuing the truth.

This morning, I welcome reading the global perspective provided by Ashoka Mody, “visiting Professor of International Economic Policy at the Woodrow Wilson School of Public and International Affairs at Princeton University and a visiting fellow at Bruegel, the Brussels-based economic think tank. He is a former mission chief for Germany and Ireland at the International Monetary Fund.”

Mody pens a fabulous commentary at Project Syndicate as to what I believe is really transpiring  along our global economic landscape. Let’s navigate. 
 Read the rest »


Wall St ‘Living Wills’ & ‘TBTF’?? Watch Your Wallets, Folks!!

Posted by Larry Doyle on August 7th, 2014 9:21 AM |

Little surprise this week that the Federal Reserve and FDIC have assigned failing grades to Wall Street’s ‘too big to fail’ banks assigned to writing ‘living wills.’

As a frame of reference, these ‘living wills’ are required by the Dodd-Frank legislation intended to reform Wall Street and prevent the need for another government bailout of our ‘too big to fail’ banks.

Really? Well, in theory anyways.

Why is it that our ‘too big to fail’ banks cannot write ‘living wills’? Read the rest »


VA Whistleblower Abuse: The Story of Paula Pedene

Posted by Larry Doyle on August 5th, 2014 9:26 AM |

I have real contempt for those in positions of power who engage in abusive treatment of those within their ranks trying to do the right thing.

There are countless reasons why our nation is literally and figuratively “broke.” One of the reasons, though, is that the waste, fraud, and abuse within so many government agencies is tolerated — at taxpayer expense — for the benefit of those engaged in wasteful if not corruptible practices.

While we hear the hue and cry of many political fakers who would claim to do the right thing by whistleblowers, the professional abuse of countless of our fellow citizens persists. Let’s navigate and read of the experience of Paula Pedene, a woman who tried to do the right thing at the VA.

The Washington Post provides a chilling expose:  Read the rest »


60 Minutes: “China’s Real Estate Bubble”

Posted by Larry Doyle on August 4th, 2014 8:21 AM |

“Property prices have always gone up more than inflation . . . just like they believed in the US.”

Would you know as asset bubble if you saw it? Well if you saw 60 Minutes last evening as I did then you saw what is certainly a bubble in the Chinese real estate market. The Chinese cities and towns constructed but sitting vacant look strikingly similar to the backdrops used for sets at Disney amusement parks. Where are all the people?

This shocking 12-minute clip is a must view if you have any interest in navigating our global markets and economic landscape.

Navigate accordingly.

Larry Doyle

Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.

For those reading this via syndicated outlet or by e-mail or another delivery, please visit the blog to view this video clip and to comment on this piece of ‘sense on cents.’

Please subscribe to all my work via e-mail.


Daniel Ellsberg and Edward Snowden: A Conversation Video

Posted by Larry Doyle on August 1st, 2014 10:24 AM |

“When government fears the people, there is liberty. When people fear the government, there is tyranny.”

Daniel Ellsberg and Edward Snowden are certainly two of the highest profile whistleblowers in our nation’s history. Some might think of these men as traitors. Others would categorize them as national heroes and the ultimate patriots. I am in the camp that when it comes to topics of freedom, liberty, constitutional rights, abuse of power, and corruption, I believe we owe it to ourselves to become as well informed as we possibly can.

Ellsberg and Snowden were recently jointly interviewed. The talk runs a little over an hour. Given the topics covered, I would think it should air in prime time for purposes of generating a national review. Regrettably those ensconced in power and those controlling the airwaves have little interest in that.

With no interest in blindly following those who have been shown to lie, obfuscate, manipulate, and otherwise obstruct the truth, I welcome sharing the intimate conversation between these two whistleblowers that to this point has only been viewed by a few thousand people.

I hope those viewing this conversation will feel compelled to share it with others.

What do you think?

Larry Doyle

Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.

For those reading this via syndicated outlet or by e-mail or another delivery, please visit the blog to view this video clip and to comment on this piece of ‘sense on cents.’

Please subscribe to all my work via e-mail.


Whistleblower Appreciation Day: My Top 5

Posted by Larry Doyle on July 31st, 2014 9:40 AM |

Not a day goes by in which the citizens of our nation are not forced to continue to wade through a financial-political-regulatory cesspool of real cronyism and corruption.

The stench from this menage-a-trois is overpowering. Transparency is the only real disinfectant.

Who provides that transparency? Whistleblowers.

We owe immeasurable thanks to our fellow brethren who have taken immeasurable personal and professional risks to expose real waste, fraud, and abuse emanating from that cesspool. In honor of these true patriots a resolution was passed earlier this week designating July 30, 2014 as National Whistleblower Appreciation Day.

Let’s navigate. Read the rest »


GDP Review: How’s Our Economy ‘Really’ Doing?

Posted by Larry Doyle on July 30th, 2014 9:45 AM |

Most pundits and analysts will understandably try to hype the better than expected 4% growth rate of 2nd quarter GDP reported this morning.

I get it.

Some might temper the hype by highlighting that growth in inventories accounted for approximately 1.7% of the growth. Others might choose to direct attention to the fact that the disappointing 1st quarter GDP was actually revised to a -2.1% level from the -2.9% posting previously reported. Still others will point toward the positive developments within the consumer spending data.

Yes, most of this information has a positive bent to it but is this to say that we have a meaningfully positive trending economy that will drive growth in full-time, high paying jobs?  Read the rest »


Alan “Ace” Greenberg, Rest In Peace

Posted by Larry Doyle on July 29th, 2014 8:45 AM |

In early 1990 after 7 fabulous years learning the ins and outs of Wall Street while working at The First Boston Corporation, I departed that venerable firm for the rough around the edges ways of Wall Street that defined Bear Stearns. I had been cautioned by some not to make that move. I am glad that I disregarded that advice.

The relationships and business acumen I gained during my 7 years (1990-1997) at “the Bear” made all the difference in the world during my days in those large Wall Street banks.

As with most organizations, the tone and culture that emanates throughout the company is set at the top. In 1990, Bear Stearns was led by Wall Street legend Alan “Ace” Greenberg. Last Friday I felt a real sadness when I learned of his passing. Read the rest »


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Larry Doyle

Larry Doyle A Wall Street veteran's views and instincts on the markets, economy, and all things financial.







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