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HomeIn Bed with Wall Street: Book Talk at Library of Congress
Posted by Larry Doyle on November 5th, 2014 11:28 AM |
America awakes this morning to a Republican wave breaking over Washington and coursing across our nation. While some may view yesterday’s election results as simply a stamp of approval of “right vs left”, I think the nation as a whole said something far more meaningful than that. I believe a significant percentage of voters tried to send a message to Washington and their state capitols of “right vs wrong.”
In an attempt to echo those who voted for “right vs wrong,” I welcome submitting my book talk given a few months ago but just posted this morning on the Library of Congress’ website.
Future generations are counting on us to stand up and speak out against corruption and crony-style politics. We need to hold those charged with protecting the public interest to proper account. To that end, I hope those who will view this clip will also share it with others. I get very specific in terms of exposing real corruption, naming names, and proposing reforms.
(If you find the volume on the clip not to be strong enough, I encourage you to utilize the closed captioned (cc) button in the lower right of the clip accessed at the library’s website, the link to which is below the first paragraph above, so as to visualize the spoken words, especially during the Q/A segment.)
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 clip and to comment on this piece of ‘sense on cents.’
For those who are interested in contacting me, please write to me via e-mail at senseoncents@aol.com.
Helen Davis Chaitman Reviews In Bed with Wall Street
Posted by Larry Doyle on August 14th, 2014 9:16 AM |
I truly appreciate reading the thoughts of highly intelligent professionals. I appreciate even more reading the thoughts of those highly intelligent professionals who stand up and speak out in courageous fashion on the serious issues of the day.
Very few individuals with whom I have crossed paths since launching Sense on Cents in early 2009 embody these character traits more than Helen Davis Chaitman.
Helen Davis Chaitman is a nationally recognized litigator with a diverse trial practice in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. In 1995, Ms. Chaitman was named one of the nation’s top ten litigators by the National Law Journal for a jury verdict she obtained in an accountants’ malpractice case. Since early 2009, Ms. Chaitman has been an outspoken advocate for investors in Bernard L. Madoff Investment Securities LLC. She has lobbied in Congress for statutory changes to assure Madoff investors of the protections of the Securities Investor Protection Act.
Ms. Chaitman is truly tireless in fighting for justice and recently launched the site JPMadoff to expose the relationship between JP Morgan and Bernie Madoff that facilitated the perpetration of Wall Street’s largest Ponzi scam.
I am honored that Ms. Chaitman would review my book In Bed with Wall Street. Her review is currently being widely disseminated throughout the blogosphere. I welcome sharing her thoughts here: (more…)
Book Talk: In Bed with Wall Street at New York Public Library, July 31 at 6pm
Posted by Larry Doyle on July 23rd, 2014 11:34 AM |
In late April I had the good fortune to speak to a packed house about my book In Bed with Wall Street at the Boston Public Library, the third largest library — and one of the oldest — in our nation. In early June I was pleased to regale a filled room at the Library of Congress, the largest library in the world, about the exploits and escapades of those ‘in bed with Wall Street.’
Next week I complete the trifecta of the greatest libraries in the land when I talk about my book at the New York Public Library. Details of the talk are as follows:
Thursday July 31 at 6pm
New York Public Library: Science, Industry, and Business Branch
188 Madison Avenue (at 34th Street) (more…)
The DOJ’s Double Standard
Posted by Larry Doyle on July 8th, 2014 9:00 AM |
Let’s see here.
The public at large rails on those in Washington for going easy on our ‘too big to fail’ banks for a host of clearly criminal practices.
Uncle Sam — that is the SEC, other regulators, and ultimately the Department of Justice — try to talk tough and hit an array of institutions with sizable fines but little really changes.
The public continues to see through the facade and lets Uncle Sam know it.
The ‘old man’ decides he needs to really get tough and begins to mandate that institutions admit guilt as part of the settlement process. The first guilty party is Credit Suisse, then next up is BNP Paribas.
Now we awake this morning to see that Germany’s second largest lender, Commerzbank, is likely next in the crosshairs. Do you detect a pattern here? Bloomberg provides further color in reporting: (more…)
Letter to Editorial Board of The New York Times: “Real Cause Is Regulatory Capture/Corruption”
Posted by Larry Doyle on June 30th, 2014 9:56 AM |
I sent a copy of this letter to the members of the Editorial Board of The New York Times this morning.
To the Editorial Board of The New York Times
Re: Sunday Editorial, The Dark Pool Iceberg: Lawsuit Against Barclays Shows Need for More Scrutiny
Dear Mr. Rosenthal, et al,
I was pleased to read your editorial in this past Sunday’s New York Times regarding the recent lawsuit brought by New York Attorney General Eric Schneiderman against Barclays for engaging in a ‘pernicious fraud’ within its equity division and specifically in the operation of its dark pool.
The allegations made by AG Schneiderman are supported by information provided by whistleblowers who had previously worked at Barclays. The outrage by investors and the public should be justifiably long and loud. The erosion of trust and confidence in Wall Street broadly speaking will continue to undermine our economy. We all suffer in the process. (more…)
From the Archives: Shedding Light on Dark Pools
Posted by Larry Doyle on June 27th, 2014 12:42 PM |
In light of the recent legal action brought by NY AG Eric Schneiderman against Barclays, I thought it might be beneficial to rerun a commentary that I posted here on October 20, 2009.
Ponder that date for a minute. The issues exposed in the suit brought against Barclays are not new developments.
Think of the theft and corruption that has transpired within these dark pools and elsewhere in the last 5 years, if not much longer than that, given that our financial regulators are ‘in bed with Wall Street.’ Some of my assertions expressed in this post have been shown to be more wishful thinking than reality.
Kudos to Joe Saluzzi once again. While a number of people in the markets have been pushing for increased oversight of high frequency trading, in my opinion, nobody deserves more credit than Joe Saluzzi of Themis Trading. (more…)
Message for Tim Geithner On the Release of Stress Test
Posted by Larry Doyle on May 13th, 2014 10:10 AM |
Dear Tim,
Congratulations on the release of your book. I assure you that I will read it and review it here at my blog.
Given your positions formerly as head of the New York Federal Reserve and Secretary of Treasury, you will certainly receive enormous media attention and exposure in touting your book and your take on dealing with the crisis of 2008. To wit, I see just this morning that The Wall Street Journal is running your editorial entitled The Paradox of Financial Crises.
Tim, let’s cut the bull$hit. (more…)
Eric Hunsader: SEC Report on Flash Crash “Complete and Utter Nonsense”
Posted by Larry Doyle on May 6th, 2014 9:00 AM |
Every now and then I come across commentaries written by well informed individuals that make me question the integrity of those regulating our markets and leave me thinking, “People really need to know this.”
Earlier this morning I had just such a feeling in reading a report written by perhaps the single most knowledgeable individual in the nation today on the inner workings of our equity exchanges.
In light of all the current focus on this topic and the question as to whether our equity markets are ‘rigged,’ stick with me on this as Eric Hunsader of Nanex reposted a commentary impugning the SEC’s investigation of the Flash Crash that roiled our markets and our nation on May 6, 2010.
Hunsader pulls no punches in asserting that the SEC under then chair Mary Schapiro sold investors a ‘bill of goods’ as to what really happened that fateful day. (more…)
Bill Black: Regulators’ Latest Betrayal of Homeowners
Posted by Larry Doyle on May 1st, 2014 10:22 AM |
I sing the praises of former banking regulator Bill Black in my book, In Bed with Wall Street, for many reasons.
Black stands up, speaks out, and tells it like it is while all too many in our nation’s capital and regulatory offices prostrate themselves in service and homage to powerful financial elites. Major props to Black for bringing attention today to another in a long line of betrayals of American homeowners.
The WSJ and other periodicals recently made passing reference to an egregious travesty within the bank settlements of foreclosure abuse. Props to Barry Ritholtz at The Big Picture for providing the forum for Black to expose real fraud in the system and the accompanying degradation of the rule of law in the process. Let’s navigate as Black provides the transparency that is truly the great disinfectant to a system that smells: (more…)
