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Posts Tagged ‘irs’

Eisenhower’s Forewarning: Military-Industrial Complex Farewell Speech c 1961

Posted by Larry Doyle on June 7th, 2013 11:47 AM |

I think we can forego commenting on this morning’s employment report or other specific topics of interest along our economic landscape and focus on the issue that is captivating our nation, that being, our government’s intervention into our private lives.

As we look forward and wonder what may have transpired to date and how this might all play out, I think we are well served if we go back in time and review the wisdom shared with us by President Dwight D. Eisenhower as he prepared to exit the White House.

My fellow Americans:

Three days from now, after half a century in the service of our country, I shall lay down the responsibilities of office as, in traditional and solemn ceremony, the authority of the Presidency is vested in my successor. (more…)

IRS’ Doug Shulman: We No Longer Chase Bad Guys

Posted by Larry Doyle on May 28th, 2013 8:56 AM |

Have you ever read a passage or a line from a speech and thought, “He didn’t actually say that, did he?”

I had just that experience this morning in reading a delivery made by Douglas Shulman. Who is Mr. Shulman? The former commissioner of the Internal Revenue Service during the time when the targeting of selected conservative groups was launched. For those who care about truth, transparency, and integrity I can only hope that we learn all the details of that activity.

What about Shulman himself, though, and his past? Where did he work prior to joining the IRS?

Under the heading of “you just can’t make this stuff up,” Shulman was vice-chairman of Wall Street’s favorite self-regulatory organization FINRA prior to being appointed chairman of the IRS by President Bush in early 2008. Oh boy!!   (more…)

Will Uncle Sam Takeover Your IRA? Part II

Posted by Larry Doyle on April 24th, 2012 7:23 AM |

Those engaged in massive strategic maneuvers know all too well that progress is typically made not in one fell swoop but painstakingly inch by inch.

With deficits beyond the scope of imagination but oh so very real, I cautioned people to keep a watchful eye on Uncle Sam. Where might the old man go to beg, borrow, or steal money to fill that enormous fiscal hole? Your retirement accounts. I first broached this topic in early 2010 in writing, Blueprint for Government Takeover of IRAs and Will Uncle Sam Takeover Your IRA?.

Fast forward and we now witness rumblings around Washington that the drunken sailors disguised as our political leaders are discussing how to make a move on your retirement savings.  (more…)

Is FINRA’s Board Tone Deaf?

Posted by Larry Doyle on August 20th, 2010 3:15 PM |

When might a voting process with overwhelming returns be negated by the wishes and desires of the powers that be? Am I speaking of those who may occupy bully pulpits in third world nations? No, that guess would not be close. 

Am I referring to political leaders who are protected by military and business minions? Nope, still quite cold.

How about a board that is more affiliated with an organization’s executives than with its members? We are getting warmer.

What about financial regulators and a board who have the reputation of being much more closely aligned with major players within the financial industry than their rank and file members and American investors at large? Bingo!!

Let’s get more specific. A week ago, FINRA’s member firms voted overwhelmingly in favor of seven non-binding proxy proposals put forth by Amerivet Securities. In light of the vote and the overwhelming results, one would have thought that FINRA’s board would have absolutely no choice but to fully address these proposals. To do otherwise, one would think that the FINRA board might run the risk of further alienating its membership while sending a message to the American public at large that transparency and disclosures are virtues this financial regulator speaks of but does not truly practice.  (more…)






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