Category: Bernie Madoff
By Larry Doyle on Nov 1, 2009 in Bernie Madoff, Current Affairs, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 5 Comments
Did FINRA invest its own funds from its internal investment portfolio with Bernie Madoff? Would FINRA’s head Mary Schapiro invest with her “dear friend” Bernie? Stick with me on this and let’s navigate the newest development in this ongoing scam. My concluding remarks provide insights you won’t find in many mainstream media outlets.
High five to [...]
By Larry Doyle on Oct 4, 2009 in Bernie Madoff, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 8 Comments
The core of that question resides within the regulatory oversight of our financial industry. The American public is beginning to learn a lot about this financial regulatory oversight. How so? A month ago, SEC Inspector General David Kotz released a report, Investigation of Failure of the SEC to Uncover Bernard Madoff’s Ponzi Scheme (embedded [...]
By Larry Doyle on Oct 4, 2009 in Bernie Madoff, Economy, FINRA, NoQuarter Radio, SEC, Sense on Cents (Larry Doyle blog) | 1 Comment
UPDATE: This episode of No Quarter Radio’s Sense on Cents with Larry Doyle has concluded, but you can listen to an audio playback here.
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Please join me this evening for NQR’s Sense on Cents with Larry Doyle as we dig deeper and work harder in navigating the economic landscape. My special guest will be Genevievette Walker-Lightfoot.
Ms. [...]
By Larry Doyle on Sep 16, 2009 in Bernie Madoff, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), Wall Street | 5 Comments
On the heels of President Obama’s speech on Wall Street at which he called for meaningful financial regulatory reform, I welcome submitting to him and the American public the following video clips. These clips are from Fox Business News “America’s Nightly Scoreboard” with David Asman on September 3rd.
While President Obama and Congress may believe financial [...]
By Rabble Rouser Reverend Amy on Sep 6, 2009 in Bernie Madoff, Crime, Current Affairs, SEC | 14 Comments
I came across this story in my daily paper Thursday, and was immediately taken by the title, first of all, but the sheer incompetence demonstrated by the SEC over a number of years, second of all. It is truly staggering. This headline is only part of the story, though SEC Botched Inquiries Into [...]
By Larry Doyle on Sep 3, 2009 in Bernie Madoff, Economy, SEC, Sense on Cents (Larry Doyle blog) | 11 Comments
Is Uncle Sam, in the form of the SEC, attempting to issue a mea culpa, mea culpa, mea maxima culpa in the bungling of the Madoff investigation and trying to conveniently turn the page?
The American public learned very little with the release of the SEC Inspector General David Kotz’s review of the SEC’s failure to [...]
By Larry Doyle on Aug 25, 2009 in Bernie Madoff, Current Affairs, Economy-Federal Agencies, FINRA, Sense on Cents (Larry Doyle blog) | 20 Comments
Note: I originally posted this piece on my blog this morning (Tuesday, August 25th) at 10:47 a.m. Shortly thereafter, the article (”FINRA Rebuffs Amerivet’s Demand to Inspect Records”) that I reference in my post was removed from the Financial Planning website. I was able, however, to get a copy of the Amerivet Securities [...]
By Larry Doyle on Aug 11, 2009 in Bernie Madoff, Economy, Sense on Cents (Larry Doyle blog) | 14 Comments
Frank DiPascali, CFO for Bernie Madoff, is widely expected to plead guilty today. DiPascali has waived his right to be indicted by a grand jury in a sign that he is looking to cut the best deal possible.
How high a pitch and how many tunes will investigators receive from the canary known as Frank [...]
By Larry Doyle on Jun 30, 2009 in Bernie Madoff, Economy, Sense on Cents (Larry Doyle blog) | 17 Comments
Having received the maximum 150 years in prison, Bernie Madoff now knows how he will ‘exist’ for the balance of his ‘life.’ Today does not represent the end of the pursuit of justice in this massive fraud, but truly the beginning.
Victims of crime typically look for justice in two forms: restitution and justice “for all” [...]
By Larry Doyle on Apr 29, 2009 in Bernie Madoff, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 6 Comments
Every exterminator will tell you that he never finds just one rat. Bernie Madoff has been exposed as an enormous rodent. Is Allen Stanford also a rat? Who else may be in the pack? Mary Schapiro, head of the SEC, revealed yesterday that the SEC is reviewing 150 other hedge funds to determine whether [...]
By Larry Doyle on Mar 10, 2009 in American Consumers, Bernie Madoff, Current Affairs, Economy, Sense on Cents (Larry Doyle blog), Wall Street | 42 Comments
All indications point to a plea deal this week with Bernie Madoff. In my opinion, Bernie Madoff seems to have been treated with kid gloves to this point. House arrest for a purported crime of this magnitude defies logic. One can only assume the government
By Rabble Rouser Reverend Amy on Feb 26, 2009 in Banking Committee Hearings, Banking Institutions, Barack Obama, Ben Bernanke, Bernie Mac Scandal, Bernie Madoff, Christopher Dodd, Congress (House & Senate), Democrats, Earmarks, Economic Stimulus, Economy, Franklin Raines, Hoodwinking, Nancy Pelosi | 48 Comments
But Paul Krugman is. And he had this to say about the team Obama has put together to deal with the economy: All the President’s Zombies. Nice title, eh? Pretty much sums it up, but Mr. Krugman does go on to explain:
Ben Bernanke’s testimony over the past two days gives us our [...]
By Larry Doyle on Feb 21, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Bernie Madoff, Congress (House & Senate), Credit Card Companies, Current Affairs, Earmarks, Economic Stimulus, Economy, Tax stimulus package, Wall Street, Workers | 59 Comments
With the market making new lows for the year, global economies showing increasing signs of distress, and new programs emanating from Washington, where does one find some sanity around here??
We’ll be departing from “LD’s Central Station” on Saturday at 9:00 am EST until 12 noon to attempt to put some clarity into this madness!! [...]
By Larry Doyle on Feb 13, 2009 in Barack Obama, Bernie Madoff, Current Affairs, Economic Stimulus, Economy, Tim Geithner | 59 Comments
While our country has had high profile cheats such as Bernie Madoff, Barry Bonds, and the crowd from Enron amongst MANY others, we have other cheats permeating our lives every day. Tim Geithner offered that “he screwed up” on his taxes and Alex Rodriguez claimed that he was young and naive from 2001-2003 when he [...]
By Pat Racimora on Feb 10, 2009 in Bernie Madoff, Campaign promises, Current Affairs, Housing & Housing Crisis | 74 Comments
The media focus is almost entirely on the quantifiable costs of the financial meltdown—shrinking investments, foreclosed homes, repossesed automobiles, lost jobs, and too little cash to pay for needed food and tangible things.
We don’t talk enough about the emotional costs of what is going on. Stress, worry, feelings of helplessness, fear of loss, and [...]
By Rabble Rouser Reverend Amy on Feb 6, 2009 in Barack Obama, Bernie Madoff, Current Affairs, Democrats, Economic Stimulus, Economy, Homeland Security, Republicans, Tax stimulus package | 211 Comments
We keep hearing about the almost $1 TRILLION dollar “stimulus” package put forth by Obama and the Democratic leadership. And we keep hearing that a number of Republicans are pretty upset about some of the “pork” put in there.
Well, the Republicans have put out a list of some of the more egregious [...]
By Larry Doyle on Feb 5, 2009 in American Consumers, Bernie Madoff, Current Affairs, Economy | 77 Comments
(bumped up from early Wednesday morning . UPDATED with 3 videos)
UPDATE: FULL TESTIMONY via YouTube
BELOW: 1) MSNBC REPORT, 2) A.P. Video Report — both for quick summaries if you can’t watch the full testimony above — and 3) my original story on the testimony:
By Larry Doyle on Feb 4, 2009 in American Consumers, Banking Committee Hearings, Bernie Madoff, Economy | 26 Comments
You can listen / watch live on C-Span 3 — use C-Span 3’s direct link — or CNN. The hearing is ongoing now via C-Span 3.
By Larry Doyle on Jan 17, 2009 in American Consumers, Auto Industry, Banking Institutions, Bernie Madoff, Credit Card Companies, Current Affairs, Earmarks, Economic Stimulus, Economy, Infrastructure, Insurance Policies & Industry, Real Estate, Retail Businesses | 38 Comments
The station is filling up as the weather outside is getting very blustery.
The markets and economy remain turbulent. Economies overseas are also in the midst of stormy weather.
Banks are flooded with bad loans. The auto industry is praying for an Obama lifeline!
Residential housing and commercial real estate continue to take on water.
Where [...]
By Pat Racimora on Dec 27, 2008 in Bernie Madoff, Corruption, Current Affairs | 44 Comments
It’s time for all of those “Something-er-other of the Year” awards. So, after all we have been through in 2008, I want to propose the Greedy Person of the Year.
Don’t get me wrong. I admire ambitious people who want to make money by earning it through honest means. What I despise are [...]
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By Sarah Palin (Release date: November 17. 2009)
