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Posts Tagged ‘in bed with Wall Street Larry Doyle’

5 years After Lehman: Has Anything Really Changed?

Posted by Larry Doyle on September 10th, 2013 7:07 AM |

The more things change, the more they stay the same.

For those in and around Wall Street and Washington who pretend that there has been meaningful change in the issues that brought about our crisis in 2008, I have endless archives to highlight all too much remains the same.

Rather than diving into the archives, though, let’s navigate a Bloomberg commentary that qualifies as a Sense on Cents instant classic (and would serve as a fabulous promo for my upcoming book).

The simple fact is both Wall Street and Washington remain very much the same as details within Banks Seen at Risk Five Years After Lehman Collapse attest. What is Wall street currently?  (more…)

Wall Street Criminal Referrals: 96% Decline

Posted by Larry Doyle on August 23rd, 2013 7:00 AM |

How deep in the tank have our regulators gone over the years to protect Wall Street rather than upholding their mandate to provide real investor protection?

Really deep.

How might we measure the depth?

Check out the following incredible statistic highlighted by one of my favorite financial journalists, that being Bloomberg’s Jonathan Weil.    (more…)

Americans Are Pissed Off from Being Pissed On

Posted by Larry Doyle on August 16th, 2013 9:38 AM |

What do readers think about launching a new means to measure consumer sentiment?

We can continue to measure Consumer Confidence, but I propose we also launch a monthly reading hereby defined as The Pissed Off Indicator.

Why do I sense that so many in our country are pissed off? For the very simple reason that they are sick and tired of being pissed on.

This sense of disgust is not healthy or conducive to growing our economy, but it strikes me as self-evident. I write on this topic today given a steady stream of commentary I have received from regular readers over the last few days.  (more…)

Mortgage Fraud Task Force Stats: Did You See This? WOW

Posted by Larry Doyle on August 12th, 2013 7:41 AM |

In what has to be one of the greatest indictments to date of the lack of meaningful integrity in Washington, news broke late last week regarding mortgage fraud investigation and enforcement statistics that totally blew me away.

Before we dive into the cesspool that defines this story, let’s set the proper backdrop.

One would think that a government initiative with the name Financial Fraud Enforcement Task Force would have been incredibly busy over the last few years. For those unaware, President Obama established this initiative in November 2009. Its mission?

. . . to hold accountable those who helped bring about the last financial crisis as well as those who would attempt to take advantage of the efforts at economic recovery. (more…)

UK Leads, USA Follows: Changing Banking for Good

Posted by Larry Doyle on June 19th, 2013 8:10 AM |

At one point in time, the USA may have been viewed as the preeminent world leader on major financial issues.

While many arrogant bankers, regulators, and political leaders here in the USA might care to continue to believe they hold that leadership position, I think most who might read this blog know that those days have passed.

Dodd-Frank reformed our financial system? Really? Then why is it that bankers from Citigroup are virtually writing entire new legislation under the heretofore now designated Fraud-Dank umbrella?

If we care for a more honest assessment of the comparably incestuous, crony, corruptible dynamic at play within these parts, let’s redirect our focus across the pond. (more…)

Sachs Unloads Again on Wall St-Washington Incest

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…)

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