DOJ/FBI Pour Hot Acid in America’s Wall St. Wound . . . . . WOW, JUST WOW
Posted by Larry Doyle on July 16th, 2014 8:36 PM |
If the American public thought that it had borne all the excruciating pain of every insult and injury that Wall Street and Washington could deliver . . . think again.
In what has to be a new low in terms of kicking the hard working, God-fearing, taxpaying investors of this land in the proverbial balls, check this WSJ story out about the motivations of the Department of Justice and Federal Bureau of Investigation in meting out large fines on Wall Street (Caution: prior to reading this, I recommend you remove any projectiles or sharp objects from your vicinity): (more…)
Tags: Barack Obama, crony capitalism, Eric Holder, fines are not justice on Wall Street, hot acid in Wall Street wound, James Comey, large fines on Wall Street, no justice on Wall Street, pouring hot acid in wound, Wall Street fines, why was Wall Street fined
Posted in General, Wall Street, Wall Street Washington Incest | 7 Comments »
60 Minutes: The Case Against Lehman and Financial Regulators
Posted by Larry Doyle on April 23rd, 2012 7:28 AM |
Having been away for the weekend, I missed last night’s edition of 60 Minutes and thank a loyal reader who brought it to my attention.
How is it possible that even today an institution such as Lehman Brothers, which clearly engaged in accounting maneuvers designed to disguise its true financial position, is not pursued so real justice can be meted out?
We keep coming back to the same old question: Where were the regulators, both the SEC and FINRA? Pervasive evidence over the years continues to persist that our regulators were and are fully and totally captured as they served to protect Lehman and virtually every other major Wall Street firm. The fact that the SEC has still not chosen to pursue Lehman executives is a massive indictment of our financial regulatory system. This is not a difficult assessment to make. Enough with the sovereign immunity for the SEC and absolute immunity for FINRA. Put these institutions and appropriate individuals on trial along with the appropriate Lehman execs…and many more. The integrity of our nation is at stake.
Watch this 13 minute video and ask yourself the question, “Is our system corrupt”? (more…)
Tags: 60 Minutes story on Lehman Brothers, absolute immunity, Anton Valukas Lehman bankruptcy, Barack Obama, Ernst and Young Lehman Brothers, financial regulators, FINRA Lehman Brothers, integrity of the United States, Joe Biden, Lehman bankruptcy, Lehman Brothers failure, Lehman shell game, Matthew Lee Lehman accountant, regulatory capture, Repo 105, Richard Fuld, SEC Lehman Brothers, sovereign immunity, Steve Kroft 60 Minutes, Steve Kroft story on Lehman Brothers, the case against Lehman and financial regulators, Wall Street-Washington incest, what really happened at Lehman Brothers
Posted in General, Wall Street Washington Incest | 17 Comments »
When Is ‘Uncle Sam’ Moving Out of the House?
Posted by Larry Doyle on April 12th, 2012 7:14 AM |
“The mind, once expanded to the dimensions of larger ideas, never returns to its original size.” Oliver Wendell Holmes, Sr.
Uncle Sam and his friends in officialdom around the world may believe their ideas are of larger size and greater dimension. That point is open to debate. How do the old man’s ideas mesh with the principles of freedom and liberty?
Uncle Sam and his ‘friends’ make for very strange bedfellows . . . and lousy business partners. I cautioned people on this front a few years back.
The sanctity of contracts? Fuhgeddaboutit. The primacy of market based principles? How inconvenient! Protecting private capital? Why bother? (more…)
Tags: Barack Obama, Cumberland Advisors, David Kotok, Fannie Mae, Freddie Mac, housing finance, impact of Uncle Sam's presence, Larry Doyle, market based principles, Oliver Wendell Holmes Sr., post-Lehman world, presence of central banks, principles of freedom and liberty e, protecting private capital, sanctity of contracts, Supreme Court decision on healthcare, Uncle Sam, Uncle Sam economy, violation of contracts, when i suncle sam moving out of the house
Posted in General | 2 Comments »
Those Uncle Sam Failed, Violated, and Left Behind
Posted by Larry Doyle on April 3rd, 2012 8:31 AM |
They are going to forget about me.
I have heard that line and iterations thereof from too many of our fellow citizens. Uncle Sam in the personage of Ben Bernanke, Tim Geithner, Henry Paulson, Mary Schapiro, John Boehner, Nancy Pelosi, Barack Obama and many others can talk about the actions they have taken and will take to save our economy and our nation; however, in the midst of their supposed efforts they have failed, violated, and left behind tens of thousands of our fellow citizens in their wake.
Of whom and to what do I refer? (more…)
Tags: ARS, ARS scandal, auction rate scam, Auction Rate Securities scandal, Barack Obama, Ben Bernanke, customers of MF Global, Henry Paulson, Joe Nocera, John Boehner, Jon Corzine, Madoff, Madoff victims, Madoff Victims Coalition, Mary Schapiro, MF Global customers, Nancy Pelosi, those Uncle Sam Failed Violated and Left Behind, Tim Geithner, Wall Street-Washington incest
Posted in ARPS, ARS, Auction Rate Securities scandal, General, Madoff, MF Global, Mortgage Crisis | 3 Comments »
The Integrity of the Game
Posted by Larry Doyle on March 22nd, 2012 5:31 AM |
The penalties handed out by NFL Commissioner Roger Goodell to the coaches and executives of the New Orleans Saints organization for the bounty program practiced down on the bayou were perhaps the stiffest in the history of the game.
Goodell has shown himself to be a no-nonsense individual cut from the mold of Kenesaw Mountain Landis. Goodell is clearly focused on protecting the sport, and knows that any program which promotes an intent to injure renders modern day football to little more than barbarism. (more…)
Tags: Albert Loewenthal, Barack Obama, Ben Bernanke, Brian Moynihan, Chuck Schumer, Darrel Issa, Eric Holder, Greg Williams, James Gorman, Jamie Dimon, Jim Himes, Jon Corzine, Judge Kenesaw Mountain Landis, justice on Wall Street, Lloyd Blankfein, Mary Schapiro, New Orleans Saints, penalties for New Orleans Saints, penalties on Wall Street, Preet Bharara, Richard Blumenthal, Richard Ketchum, Robert Khuzami, Roger Goodell NFL Commissioner, Sean Payton, Spencer Bachus, the integrity of the game, Timothy Geithner
Posted in General | 2 Comments »
We Need an MF Global Grand Jury
Posted by Larry Doyle on January 30th, 2012 9:53 AM |
I still very much have the “sense on cents” that many on Wall Street and in Washington desperately wish that l’affaire MF Global would just fade away.
Let’s work hard to make sure that does not happen and that the MF Global customers who may NEVER see THEIR money again at least receive some justice in return.
NEVER see THEIR money again? Is that right? (more…)
Tags: Anna Burger, Barack Obama, can money vaporize, financial grand juries, MF Global, MF Global bankruptcy, MF Global Customer funds, MF Global customers, MF Global Jon Corzine, MF Global money vaporized, President Obama, Wall Street-Washington incest, we need an MF Global grand jury, what really happened at MF Global, where is the MF Global customer money
Posted in General, MF Global | 10 Comments »
What Should ‘Occupy Wall Street’ Demand?
Posted by Larry Doyle on October 11th, 2011 9:44 AM |
I received a call yesterday from a reporter from a highly regarded periodical inquiring about my recent commentary, ‘Occupy Wall Street’ Should ‘Occupy Washington’.
Having had a number of previous discussions with this reporter, I welcomed her question as to what I thought the OWS movement should look to achieve or demand.
I prefaced my comments by stating that I hope civil unrest and random violence do not come from these demonstrations. America needs a lot of things but we certainly do not need riots. (more…)
Tags: ARS, Auction Rate Securities, Barack Obama, Barney Frank, campaign contributions, Center for Responsive Politics, Chris Dodd, Chuck Schumer, Democratic Party and OWS, FINRA POGO, John Boehner, occupy wall street, occupy wall street's demands, OpenSecrets.org, Spencer Bachus, Wall Street-Washington incest, what should occupy wall street demand, who is heading up occupy wall street, who is leading OWS
Posted in General | 17 Comments »
‘Occupy Wall Street’ Should ‘Occupy Washington’
Posted by Larry Doyle on October 7th, 2011 11:53 AM |
Is Wall Street the center of all the problems in America?
Many of those involved in the “Occupy Wall Street’ demonstrations may think so.
I strongly believe that they are wrong.
Those with a keen ‘sense on cents‘ understand that Wall Street does embody part of our national problems. They also appreciate that the stench that overhangs Wall Street is consistent with an incestuous and far stronger odor emanating from Washington. (more…)
Tags: ARS, Barack Obama, Barack Obama Franklin Raines James Johnson, Barney Frank, Chris Dodd, Chuck Schumer, demonstrations on Wall Street, Fannie Mae, FINRA, frustration in America, John Kerry, Larry Doyle, Mary Schapiro, occupy wall street, Occupy Washington, quid pro quo, regulatory capture, Richard Ketchum, Sense on Cents, truth transparency and integrity, Wall Street and Washington relationship, Wall Street demonstrations, Wall Street regulations, Wall Street's greatest scam, Wall Street's relationship with Washington, Wall Street-Washington incest, who is backing Occupy Wall Street, why are they demonstrating on Wall Street
Posted in General | 11 Comments »
‘Mad as Hell, and Not Going to Take It Anymore’
Posted by Larry Doyle on July 27th, 2011 12:55 PM |
If this 5-minute video clip does not capture the spirit and rage that is boiling in our nation, I do not know what does.
I thank the regular reader who shared this with me. I commend Jim Garvin for standing up, speaking out, and sharing a healthy dose of ‘sense on cents’ in the process.
If you feel Jim’s pain and share his concerns, as I do, then spread his message. (more…)
Tags: Barack Obama, Congressional benefit packages, debt ceiling debate, deficit reduction debate, I'm Mad as hell adn I'm not going to take it anymore, Jim Garvin small business owner, Jim Garvin youtube video, John Boehner, Larry Doyle, mad as hell, Nancy Pelosi, outrage in America July 27 2011, rage in america, Sense on Cents, the American public is fed up, we're mad as hell and we're not going to take it anymore, who said I'm mad as hell and I'm not going to take it anymore
Posted in General | 20 Comments »
Adams, Obama, and Asness on The Rule of Law
Posted by Larry Doyle on June 14th, 2011 8:34 AM |
“We are a nation of laws and not of men.”
The above quote is widely credited to the second President of our great land, John Adams.
The life story of Adams is captured in a best selling book, “John Adams” written by David McCullough. The book garnered rave reviews and has served as a written historical monument to one of our nation’s founding fathers.
Adams may have been overshadowed by many of the other giants of his era, including Washington and Jefferson, but his measure has certainly stood the test of time.
In addition to the above referenced quote, McCullough highlights early in his book a statement Adams made to his bride Abigail.
“We live, my dear soul, in an age of trial. What will be the consequence, I know not.” (1774) (more…)
Tags: Barack Obama, Cliff Asness, Cliff Asness of AQR, Cliff Asness Wall Street Journal editorial June 14 2011, costs of auto bailouts, disregard for the rule of law, Frank Beckmann interview with Tom Lauria, John Adams, John Adams by David McCullough, John adams george Washington Thomas Jefferson, John and Abigail Adams, Obama agenda, sacrificing personal agendas, the rule of law, Uncertainty Is Not The Problem by Cliff Asness, Uncle Sam is not a good business partner, we are a nation of laws and not of men, what would John Adams think of Barack Obama, who is Cliff Asness
Posted in General | 3 Comments »