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HomeWikileaks: How Banks Will Continue to Rule the World
Posted by Larry Doyle on June 20th, 2014 10:57 AM |
I had a little wind in my sails this morning when I saw a lead article in today’s Wall Street Journal regarding the pathetic investor protection provided by the meter maids at FINRA. While adding a little spice to the mix by commenting on that article, I got blown away by a tsunami coming from another direction.
Let’s navigate.
Not that there was ever any doubt that the major global banks rule the world (and will likely continue to do so), a riveting press release put out just yesterday by Wikileaks confirms this reality. Major props to Yves Smith at Naked Capitalism for bringing attention to the Wikileak press release, Secret Trade in Services Agreement (TISA). The serious students in the crowd will have plenty to chew on and digest in the Agreement.
For those more inclined to study from the Cliff Notes, let’s give thanks to Professor Jane Kelsey of the University of Auckland, New Zealand who brings real transparency to the proposed Agreement in her Analysis Article also released by Wikileaks: (more…)
Book Talk: In Bed with Wall Street at Library of Congress, June 5th
Posted by Larry Doyle on May 24th, 2014 12:28 PM |
For those in and around the metro Washington DC area, I hope you might be able to join me on June 5th when I speak about my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy, at the Library of Congress.
The Library of Congress happens to be the largest library in the world. That said, as I have only half-kiddingly told friends about this speaking engagement, I feel like my book talk at the LoC is the equivalent of going into the reading room next to the master bedroom and revealing a host of illicit behaviors of the masters of the house.
How so? Recent reviewers have shared the following impressions regarding the financial-political-regulatory menage-a-trois exposed within the pages of my book:
“If you think Flash Boys was explosive, In Bed with Wall Street is downright nuclear.” (more…)
Wall Street’s Kangaroo Court: Calling Out FINRA’s Linda Fienberg
Posted by Larry Doyle on May 22nd, 2014 11:27 AM |
Do you ever hear or read a statement put forth by a public official, industry representative, or regulatory spokesperson and think “Are you kidding me?” . . . if not something far less polite than that?
I would guess that in a world in which politicians and their spokesmen are not often called on the carpet, many people allow statements worthy of being challenged to go in one ear and out the other if they bother to listen at all.
Today I am not of a mind to be quite so dismissive given the fact that the topic at hand — Wall Street arbitration — not only touches every employee on Wall Street, but also every investor in the nation.
Let’s navigate and continue to play to win for those who care about real transparency and integrity in America. (more…)
Sense on Cents Instant Classic: SEC Commissioner Stein Accuses Agency “Strayed From Its Mission”
Posted by Larry Doyle on April 29th, 2014 9:11 AM |
“Financial institutions that are ‘too big to fail,’ combined with politicians who are too compromised to govern and regulators who are too captured and corrupted to protect, produce an incestuous cabal that is simply too big to trust.” pg 187, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy
America is now well attuned to the fact that Wall Street banks that are ‘too big to fail’ are also ‘too big to regulate’, ‘too big to prosecute’, and ultimately ‘too big to trust.’ Of this there is absolutely no doubt.
As if those injustices were not too much to bear, we learn this morning that these banking behemoths are now also ‘too big to bar.’ How is that? With major props to one of the few lone voices crying for integrity inside the regulatory ‘tollbooth’ that is the SEC, I welcome giving SEC Commissioner Kara Stein real credit for standing up and speaking out on this ‘too big’ topic. The following statement is a little lengthy but oh so worth it. Let’s navigate as Commissioner Stein issued a dissenting opinion on the SEC website that qualifies as an instant Sense on Cents classic: (more…)
Upcoming In Bed with Wall Street Book Events in April
Posted by Larry Doyle on April 5th, 2014 6:17 AM |
This month is shaping up to be a busy one for In Bed with Wall Street. I am thrilled that I have been invited to speak at what I would call the triple crown of library institutions: Library of Congress, New York Public Library, and Boston Public Library.
First up is Boston Public Library later this month (followed by Library of Congress in early June and New York Public Library in late July). In addition to these three grand libraries, please make note of the following events. If any happen to be in your neighborhood, please stop by to say hello!
Tuesday, April 8th at 7pm: Wellesley Books, 82 Central Street, Wellesley, Massachusetts
Thursday, April 10th at 7pm: Book Revue, 313 New York Avenue, Huntington, New York
Saturday, April 12th at 10pm EST (7pm PST): It’s Your Money and Your Life, 760AM KFMB, San Diego, California. I will be a guest along with the renowned attorney Gary Aguirre (profiled in the book) on this 50,000 watt station. Listen live here.
Sunday, April 13th at 2pm: Occupy Alternative Banking at Columbia University, room 409 of the International Affairs Building, 420 West 118th Street (Amsterdam Avenue & 118th Street)
Tuesday, April 22nd at 7pm: New Canaan Public Library, 151 Main Street, New Canaan, Connecticut
Wednesday, April 23rd at 6pm: Boston Public Library, Central Library in Copley Square, 700 Boylston Street, Boston, MA
Sunday, April 27th at 2pm: Glastonbury Library, 2407 Main Street, Glastonbury, Connecticut
Looking ahead . . .
Thursday, June 5th from 11:30am-12:30pm: Library of Congress, Washington D.C.
Thursday, July 31st from 6-7pm: New York Public Library, Fifth Avenue at 42nd Street, New York, NY
If you have a venue, outlet, or media connection (radio, TV, print, or podcast) at which you might have interest in my speaking, please do not hesitate to contact me at senseoncents@aol.com.
In light of all that continues to go from Wall Street to Main Street and from Washington to points around the globe, I welcome talking not only about the effects — such as high frequency trading — but even more so the causes and proposed reforms which are outlined in detail in my book.
I thank you.
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 a syndicated outlet or by e-mail or another delivery, please visit the blog to comment on this piece of ‘sense on cents.’
Please subscribe to all my work via e-mail.
The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
WSJ: HFT’s Real Villains Are Financial Regulators
Posted by Larry Doyle on April 3rd, 2014 10:38 AM |
In what might read as a prologue for my book, none other than the Wall Street Journal writes today that the real villains in the ongoing high frequency trading debate are our financial regulators.
Truer words were never spoken.
While America is fed a steady diet of technical terms on latency, co-location, and the like, let’s redirect the focus to where it really belongs, that is a financial regulatory system that has served to promote and protect Wall Street rather than upholding its mandate to protect investors. The evidence is overwhelming and there is very real corruption that has transpired in the process.
As the WSJ concludes:
. . . if New York Attorney General Eric Schneiderman and others looking for headlines want to string up high-speed traders, honesty requires them to put the regulators at the front of the rope line.
Now that’s what I’m talking about.
Let’s start with an independent investigation with the power to subpoena. Then get Chris Cox and Mary Schapiro in here.
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 a syndicated outlet or receiving it via e-mail or another delivery, please visit the blog to comment on this piece of ‘sense on cents.’
Please subscribe to all my work via e-mail.
The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
DOJ Lies, Lies, and Damn Lies re: Mortgage Fraud
Posted by Larry Doyle on March 14th, 2014 9:21 AM |
When people knowingly misrepresent critically important information to you and do so on a repeated basis, why would you ever trust them?
Human nature being what it is, you would not.
That is exactly the quandary the Department of Justice finds itself in currently. How so? Let’s navigate and review a recently released report from none other than the Inspector General’s Office of the Department of Justice which outlines how the DOJ repeatedly delivered grossly exaggerated information to the American public regarding mortgage fraud investigations. (more…)
My Talk at Baruch: In Bed with Wall Street
Posted by Larry Doyle on March 2nd, 2014 12:03 PM |
I thank the countless number of individuals who have introduced me to various media representatives (print, radio, and TV) throughout the country to discuss my work both here at Sense on Cents and in my book In Bed with Wall Street. In the hope that even more media doors might open, I would like to link to a talk I gave earlier this week at Baruch College.
I thank the individual whom I have not met and do not know for having captured my remarks and posted them online. In my talk, I touch upon a host of topics addressed in my book including serious allegations and evidence connected to the misappropriation of funds and insider trading within Wall Street’s self-regulatory organization FINRA, abuse of whistleblowers, sham protection provided by SIPC, and much more including my proposed reforms.
Confident that more than one door to media outlets will be opened by my posting these remarks, I thank those who might share this link with friends and colleagues both inside and outside of the world of media.
Transparency remains the only true disinfectant.
Thank you.
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 a syndicated outlet or receiving it via e-mail or another delivery, please visit the blog to listen to this clip and to comment on this piece of ‘sense on cents.’
Please subscribe to all my work via e-mail.
The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
Senator Warren Indicts Regulators ‘In Bed with Wall Street’
Posted by Larry Doyle on February 7th, 2014 10:06 AM |
“The question I’m asking is whether or not there’s adequate deterrent to prevent the largest financial institutions in this country from breaking the law,” Sen. Elizabeth Warren (D-Mass.) said at a Senate Banking Committee hearing today. “Right now, if financial institutions can just settle their claims out of court, and get a raise for settling them, then where’s the deterrent?”
Senator Warren pressed regulators about their current enforcement efforts, noting that the “the public has little confidence in regulators’ willingness to seek the kind of penalties that will actually deter future financial crimes.”
With those two statements, Senator Warren (D-MA) indicts the current scandalous practices if not outright corruption that lies at the intersection of Wall Street and Washington and provides the public’s concluding sentiment as detailed in In Bed with Wall Street. The clip runs a mere 6-minutes.
What to do about this? How about we start with the following:
1. Congress should launch a privately run Office of Whistleblower Protection.
2. Wall Street’s private police detail, that is the financial self-regulatory organization FINRA, should no longer have absolute immunity and should be subject to the Freedom of Information Act.
3. Wall Street arbitration should be optional and not mandatory so as to end the kangaroo court.
4. End the self-regulatory oversight of Wall Street.
5. BREAK UP THE ‘TOO BIG TO FAIL’ BANKS!!
Is anybody in favor of the ongoing cronyism and corruption that defines our current system?
Larry Doyle
Please order a copy of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.
For those reading this via a syndicated outlet or receiving it via e-mail or another delivery, please visit the blog to view the embedded video clip and to comment on this piece of ‘sense on cents.’
Please subscribe to all my work via e-mail.
The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
Reader Reviews: In Bed with Wall Street
Posted by Larry Doyle on January 23rd, 2014 12:31 PM |
I thank those who have not only read my book but taken the time to leave their thoughts on the book’s page at Amazon. I welcome sharing some selected comments in the hope that they might stimulate others to want to pick up the book.
Author Larry Doyle has written a book that you simply cannot put down. It is a page-turner and each page is a thriller that takes you on an adventure like you’ve never been on. Larry was unafraid to step up to the plate and tell America all of the ugly details behind the conspiracy and the collusion among Wall Street bigwigs, insiders, and so-called admired top brass as well as the politicians, and the regulators.
Buy two copies, one for yourself and one for your Congressman.
This amazing book is becoming the needed bridge between the ‘regular, small’ guy and the honest part of Wall Street.
This is a great read and goes into great detail that anyone, even someone who is not familiar with financial markets, can understand. In Bed with Wall Street should be required reading for every high school student in this country. (more…)
