Posts Tagged ‘rule of law’
Posted by Larry Doyle on July 7th, 2014 10:12 AM |
The overarching theme both at this blog and in my book is the need for our nation to embrace the rule of law as the prerequisite to healing our economy and leading to better days ahead.
Flouting the rule of law is regrettably an all too common pursuit by those engaged in crony and corrupt practices. Our nation suffers badly as a result.
While all too many politicians from both sides of the aisle spout forth messages that do little more than distract, the future of our country depends on finding new leaders who care nothing for cronyism and embrace the rule of law. I personally believe that in the recent Republican House race in Virginia Dave Brat slaughtered former House Speaker Eric Cantor with this very approach.
I will keep the commentary brief today but a smile crossed my lips this morning as I read an editorial in today’s Wall Street Journal by a Sense on Cents favorite Bill Isaac. This former chair of the FDIC wrote about the manner in which Uncle Sam has abused the rule of law in the process of managing our nation’s housing finance behemoths that go by the name of Fannie and Freddie. (more…)
Tags: Bill Isaac editorial in WSJ, Bill Isaac on Fannie and Freddie, capital follows the rule of law, crony corruption, cronyism, in bed with Wall Street, laws not men, Playing semantic games with Fannie and Freddie Investors, rule of law, we are a nation of laws not men
Posted in General, rule of law | 2 Comments »
Posted by Larry Doyle on March 18th, 2014 4:34 AM |
Are you sick of being lied to?
Seriously.
At what point do we as a nation say ENOUGH to the lies and scandalous practices within and around Washington?
I am referring to the lies — and yes, they are lies — that were put forth by the Attorney General’s office in the investigation of mortgage fraud. If you do not think Eric Holder, Lanny Breuer, and others intentionally misrepresented — er, lied — regarding the efforts of the DOJ to the American public, I beg to differ. (more…)
Tags: crony capitalism, cronyism, democratic society, DOJ IG report, Eric Holder, Financial Fraud Enforcement Task Force, letter to Eric Holder, rule of law, Warren Waters Cummings letter to Eric Holder
Posted in General, Mortgage Crisis | No Comments »
Posted by Larry Doyle on March 7th, 2014 1:51 PM |
Among various reports that I look for on an annual basis, I appreciate the Rule of Law Index produced by the World Justice Project as much as any.
Why do I anticipate reading and reviewing this report so much? Because we are a nation of laws and not of men. At least I think we are . . . although sometimes I wonder. As the WJP highlights:
“Effective rule of law helps reduce corruption, alleviate poverty, improve public health and education, and protect people from injustices and dangers large and small,” said William H. Neukom, WJP Founder and CEO. “Wherever we come from, the rule of law can always be strengthened.” (more…)
Tags: a nation of laws not of men, importance of rule of law, rule of law, Rule of Law Index, William Neukom, WJP Rule of Law Index 2014, World Justice Project
Posted in General, rule of law | No Comments »
Posted by Larry Doyle on November 14th, 2013 11:15 AM |
It is not often that I have had the pleasure of reading and reviewing two Sense on Cents instant classics in the course of just a few days but today I am excited to bring you another absolute MUST READ.
None other than Judge Jed Rakoff, who has heard many of the major financial suits brought over the course of the last few years, spoke the other day to the New York City Bar Association regarding the question so many in our nation still ask, “Why have no high level executives been prosecuted in connection with the financial crisis?”
In what might have been a fabulous foreword to my upcoming book, Rakoff skillfully delivers what I believe is an incredibly excoriating indictment of those within the Department of Justice,the SEC, and elsewhere. (more…)
Tags: degradation of the rule of law, DOJ Wall Street prosecutions, Eric Holder lack of Wall Street prosecutions, in bed with Wall Street, insider trading, Judge rakoff speech November 12 2013, lack of Wall Street prosecutions, no Wall Street prosecutions, Rakoff, Rakoff New York City Bar, Rakoff speech to New York City Bar, rule of law, southern District of New York Wall Street prosecutions, who is Jed Rakoff, Who is Judge Rakoff, Why no prosecutions on Wall Street
Posted in Federal Reserve, financial crisis, Financial crisis inquiry commission, financial frauds, foreclosures, General, SEC, Wall Street, Wall Street Washington Incest | 12 Comments »
Posted by Larry Doyle on April 29th, 2012 12:41 PM |
I truly love gaining global insights and perspectives from highly intelligent people. I had just such a treat this morning in reading a Barron’s interview with the economic and financial historian Niall Ferguson.
What did this Harvard professor have to say on a topic which should be a MAJOR point of debate for our 2012 Presidential election? A lot. Let’s navigate.
Barron’s: There are once again concerns about U.S. growth. What factors are keeping the economy from reaching what you call “escape velocity”? (more…)
Tags: cost of crony capitalism, crony capitalism, greater economic growth, harvard professor Niall Ferguson, how do we generate economic growth, how to increase GDP, how to reach escape velocity, how to strengthen economy, investor protections, is America Becoming anAnti-Risk Welfare State?, keys to economic growth, Niall Ferguson, Niall Ferguson interview in Barron's, property rights, reducing corruption, rule of law, self-sustaining recovery, The World Justice Project, transparent regulations, unlocking more economic growth, waht point in history is like the current, Wall Street-Washington incest, what are the keys to economic growth, what is escape velocity, who is Niall Ferguson
Posted in Economy, General, Wall Street Washington Incest | 4 Comments »