Larry Doyle's Blog

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.

I owe it to the very loyal and faithful followers of my blog to share with you that I am taking a break from my regular writing.

Rest assured, Sense on Cents is not going away.  I have grown to love this blog and all that it has meant in terms of relationships and information. If not for this blog, I never would have written my book. Additionally, if not for this blog I would not now be in the midst of a new professional pursuit with people whom I hold in the highest regard. The work in this new endeavor is fully consistent with my longstanding interest in identifying and mitigating risks in all their forms and fashions.

In the interim, I hope people will continue to use my blog and all the links as a valued resource. I do continue to use Twitter to highlight issues I believe warrant attention. Beyond that, I am always reachable and amenable to answering any questions people may have.

If you would like, please do not hesitate to contact me at senseoncents@aol.com.

Thank you!!

LD

Ongoing developments in the South China Sea, the Ukraine, and Gaza all present very real dangers and risks to our global economic and political landscape. That said, I think most people might agree that the perilous situation playing out within the Islamic state in Iraq and surrounding locales is like nothing we have ever seen before.

If you do not think so, in order to gain a better appreciation for the mindset of those occupying and terrorizing this region, you may want to view the murder of journalist James Foley. God bless him and his family. I caution you that this video clip is particularly gruesome and some may not care to view it. That said, I think it is important that people know just how vicious this group known as ISIL actually is. (Thanks to our friends at No Quarter for highlighting that clip and sharing it.)

ISIL is not only vicious but they are well organized and well financed. This 5-minute Bloomberg clip addresses how the Islamic State is funding itself:

In what may be the biggest understatement ever written at this blog, the risks of this terrorist group present a very real danger to all of us on many levels.

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.’

Please subscribe to all my work via e-mail.

Ongoing developments in the South China Sea, the Ukraine, and Gaza all present very real dangers and risks to our global economic and political landscape. That said, I think most people might agree that the perilous situation playing out within the Islamic state in Iraq and surrounding locales is like nothing we have ever seen before.

If you do not think so, in order to gain a better appreciation for the mindset of those occupying and terrorizing this region, you may want to view the murder of journalist James Foley. God bless him and his family. I caution you that this video clip is particularly gruesome and some may not care to view it. That said, I think it is important that people know just how vicious this group known as ISIL actually is. (Thanks to our friends at No Quarter for highlighting that clip and sharing it.)

ISIL is not only vicious but they are well organized and well financed. This 5-minute Bloomberg clip addresses how the Islamic State is funding itself:

In what may be the biggest understatement ever written at this blog, the risks of this terrorist group present a very real danger to all of us on many levels.

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.’

Please subscribe to all my work via e-mail.

Former Wells Fargo CEO is no lightweight within financial circles. He packed a heavy punch just yesterday in railing on the Department of Justice’s $17 billion settlement with Bank of America.

Kovacevich defined this penalty imposed on BOA as purely political. I do not necessarily agree with everything stated by Kovacevich in this 4-minute video clip but I certainly agree with his major point. He reiterates the comment I highlighted yesterday that banks do not engage in criminal behaviors, bankers do.

For Kovacevich to make the case that individuals should have been pursued criminally speaks volumes. In the process of making that point, he breaks ranks with his industry brethren who have been typically mute when addressing the rampant fraud that was perpetrated and brought on our ongoing economic crisis.

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.’

Please subscribe to all my work via e-mail.

Former Wells Fargo CEO is no lightweight within financial circles. He packed a heavy punch just yesterday in railing on the Department of Justice’s $17 billion settlement with Bank of America.

Kovacevich defined this penalty imposed on BOA as purely political. I do not necessarily agree with everything stated by Kovacevich in this 4-minute video clip but I certainly agree with his major point. He reiterates the comment I highlighted yesterday that banks do not engage in criminal behaviors, bankers do.

For Kovacevich to make the case that individuals should have been pursued criminally speaks volumes. In the process of making that point, he breaks ranks with his industry brethren who have been typically mute when addressing the rampant fraud that was perpetrated and brought on our ongoing economic crisis.

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.’

Please subscribe to all my work via e-mail.

The Department of Justice is soon expected to announce a $17 billion settlement with Bank of America. Is this justice?

I will defer in writing my own commentary this morning because the words and details on this topic provided by Dean Starkman qualify as a Sense on Cents Instant Classic:

There’s a much deeper problem here, however, and one that has received far less attention: Not only has the Department of Jus­tice (DOJ) failed to build any criminal cases for financial-crisis misdeeds, but it’s also now settling with these banks without even filing civil complaints.

A complaint is the cornerstone of civil litigation, the foundation for even routine lawsuits. One of its primary benefits—and of adversarial legal proceedings generally—is that a complaint can bring huge amounts of previously undisclosed information into the public record. In these mortgage securities cases, the Justice Department had not only an obligation but an opportunity: to show the country what it found, to deter future misconduct, to complete the story of the financial crisis in humanizing, clarifying, searing detail.

And to do all that, the department didn’t need to do anything special. Just what lawyers normally do. Instead, by imposing a fine without documenting the underlying abuses, the Justice Department has permitted the banks, for a price, to bury their sins.

. . .  New York’s superintendent of financial services, Benjamin M. Lawsky, made the following observation: “In order to deter future offenses, it is important to remember that banks do not commit misconduct—bankers do.”

After reading Starkman’s piece is there any doubt that the Department of Justice is a misnomer? The fines imposed by DOJ on Wall Street banks are anything but justice.

I could not possibly more highly recommend, Wrecking An Economy Never Means Having To Say You’re Sorry

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 comment on this piece of ‘sense on cents.’

Please subscribe to all my work via e-mail.

The Department of Justice is soon expected to announce a $17 billion settlement with Bank of America. Is this justice?

I will defer in writing my own commentary this morning because the words and details on this topic provided by Dean Starkman qualify as a Sense on Cents Instant Classic:

There’s a much deeper problem here, however, and one that has received far less attention: Not only has the Department of Jus­tice (DOJ) failed to build any criminal cases for financial-crisis misdeeds, but it’s also now settling with these banks without even filing civil complaints.

A complaint is the cornerstone of civil litigation, the foundation for even routine lawsuits. One of its primary benefits—and of adversarial legal proceedings generally—is that a complaint can bring huge amounts of previously undisclosed information into the public record. In these mortgage securities cases, the Justice Department had not only an obligation but an opportunity: to show the country what it found, to deter future misconduct, to complete the story of the financial crisis in humanizing, clarifying, searing detail.

And to do all that, the department didn’t need to do anything special. Just what lawyers normally do. Instead, by imposing a fine without documenting the underlying abuses, the Justice Department has permitted the banks, for a price, to bury their sins.

. . .  New York’s superintendent of financial services, Benjamin M. Lawsky, made the following observation: “In order to deter future offenses, it is important to remember that banks do not commit misconduct—bankers do.”

After reading Starkman’s piece is there any doubt that the Department of Justice is a misnomer? The fines imposed by DOJ on Wall Street banks are anything but justice.

I could not possibly more highly recommend, Wrecking An Economy Never Means Having To Say You’re Sorry

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 comment on this piece of ‘sense on cents.’

Please subscribe to all my work via e-mail.

The Department of Justice is soon expected to announce a $17 billion settlement with Bank of America. Is this justice?

I will defer in writing my own commentary this morning because the words and details on this topic provided by Dean Starkman qualify as a Sense on Cents Instant Classic:

There’s a much deeper problem here, however, and one that has received far less attention: Not only has the Department of Jus­tice (DOJ) failed to build any criminal cases for financial-crisis misdeeds, but it’s also now settling with these banks without even filing civil complaints.

A complaint is the cornerstone of civil litigation, the foundation for even routine lawsuits. One of its primary benefits—and of adversarial legal proceedings generally—is that a complaint can bring huge amounts of previously undisclosed information into the public record. In these mortgage securities cases, the Justice Department had not only an obligation but an opportunity: to show the country what it found, to deter future misconduct, to complete the story of the financial crisis in humanizing, clarifying, searing detail.

And to do all that, the department didn’t need to do anything special. Just what lawyers normally do. Instead, by imposing a fine without documenting the underlying abuses, the Justice Department has permitted the banks, for a price, to bury their sins.

. . .  New York’s superintendent of financial services, Benjamin M. Lawsky, made the following observation: “In order to deter future offenses, it is important to remember that banks do not commit misconduct—bankers do.”

After reading Starkman’s piece is there any doubt that the Department of Justice is a misnomer? The fines imposed by DOJ on Wall Street banks are anything but justice.

I could not possibly more highly recommend, Wrecking An Economy Never Means Having To Say You’re Sorry

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 comment on this piece of ‘sense on cents.’

Please subscribe to all my work via e-mail.

The Department of Justice is soon expected to announce a $17 billion settlement with Bank of America. Is this justice?

I will defer in writing my own commentary this morning because the words and details on this topic provided by Dean Starkman qualify as a Sense on Cents Instant Classic:

There’s a much deeper problem here, however, and one that has received far less attention: Not only has the Department of Jus­tice (DOJ) failed to build any criminal cases for financial-crisis misdeeds, but it’s also now settling with these banks without even filing civil complaints.

A complaint is the cornerstone of civil litigation, the foundation for even routine lawsuits. One of its primary benefits—and of adversarial legal proceedings generally—is that a complaint can bring huge amounts of previously undisclosed information into the public record. In these mortgage securities cases, the Justice Department had not only an obligation but an opportunity: to show the country what it found, to deter future misconduct, to complete the story of the financial crisis in humanizing, clarifying, searing detail.

And to do all that, the department didn’t need to do anything special. Just what lawyers normally do. Instead, by imposing a fine without documenting the underlying abuses, the Justice Department has permitted the banks, for a price, to bury their sins.

. . .  New York’s superintendent of financial services, Benjamin M. Lawsky, made the following observation: “In order to deter future offenses, it is important to remember that banks do not commit misconduct—bankers do.”

After reading Starkman’s piece is there any doubt that the Department of Justice is a misnomer? The fines imposed by DOJ on Wall Street banks are anything but justice.

I could not possibly more highly recommend, Wrecking An Economy Never Means Having To Say You’re Sorry

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 comment on this piece of ‘sense on cents.’

Please subscribe to all my work via e-mail.