Where is the Truth? What Really Happened?

I love America.

I love when our nation rises to the occasion to help each other during times of national crisis. I love when people who would prefer to remain anonymous perform real acts of heroism. I am truly grateful to be a citizen of this great land and to have the freedom to pursue fabulous opportunities and to speak my mind while doing so.

While I love our great land, I cringe when I witness those whom I believe are more concerned with pursuing self-promotion than real national interest. I put Donald Trump in this camp.

I cringe when I witness those in public office or the public arena whom I believe lack the decency and integrity to be upstanding model representatives for our children. I put Anthony Weiner, Arnold Schwarzenegger, and David Vitter amongst many more in this camp.

I cringe when I witness the media, that body which should be the nation’s eyes and ears, more concerned with tabloid journalism of a destructive nature than truly digging for the truth while promoting real transparency and unbridled integrity.

There are too many examples of these destructive journalistic pursuits driven by political partisanship than I could possibly address. I am compelled to write on this topic, though, given that I believe the time and effort spent reviewing the e-mails of Sarah Palin is not only a colossal waste of time and money but also a reflection of the pettiness which is strangling our nation. Is this what America has become? This is NOT our finest hour.

If the crowds at MSNBC, CNN, Fox, The Huffington Post, The New York Times, the Washington Post, and many other media outlets would care to uphold their charge to promote the real public interest rather than pursuing the pettiness which has increasingly relegated their industry to an after thought, then I would challenge them to forget Sarah Palin’s e-mails and help us find answers to questions of far greater national importance.

Which questions? Unanswered questions which continue to directly impact many thousands of our fellow citizens and ultimately our nation as a whole. I have raised these questions previously and composed them collectively late last year in writing, What Really Happened…?,

The financial and economic turmoil of the last three plus years has brought us stories and developments which are almost unfathomable. In fact, in my opinion there is no doubt that Wall Street and Washington would like to keep certain of these stories and developments buried forever.

Will America ever learn where some of these bones are buried? Will America ever learn of these skeletons in the closet? Will the media charged with pursuing the truth dare dig into these stories?

1. How Bernie “Madoff” With $50 Billion…!! (December 14, 2008)

>What was Bernie’s relationship with Mary Schapiro?

>Was Bernie involved with the Russian mob?

>Why did SEC attorney Genevievette Walker-Lightfoot get pulled off the Madoff investigation?

>Why is it that a full two years later there have been few truly meaningful arrests in this fraud?

>Will we ever know if the Wall Street self-regulator FINRA had its own funds invested directly or indirectly in Madoff?

2. Let’s Really Question Ms. Schapiro…(January 16, 2009)

>Will America ever learn the details of FINRA’s liquidation of its own holdings of $647 million auction-rate securities in mid-2007 when the ARS market had started to fail? Did this liquidation rise to the level of front running and/or insider trading?

>Will America ever learn the details surrounding the alleged verbal and written misrepresentations by FINRA executives, including Ms. Schapiro, in the proxy statement utilized for the merger of the NASD and NYSE regulatory arm to form FINRA.

>In which hedge funds, fund of funds, and private equity investments had FINRA invested its own money? Were there any real conflicts of interests between FINRA’s regulatory mandate and its investment portfolio?

3. Allen Stanford and Whitey Bulger: Two Peas in a Pod? (May 11, 2009)

>Was Allen Stanford truly operating as a government informant trying to infiltrate Central American and South American drug trade?

>Was the SEC railroaded by the Department of Justice when the SEC tried to pursue this case?

>Was Stanford given blanket government protection along the lines of the protection offered to noted Boston gangster Whitey Bulger by the FBI’s John J. Connolly?

4. Is Barack Obama Going Tony Soprano? (May 2, 2009)

>Did the White House truly threaten to destroy the reputation of Perella Weinberg if it chose to pursue its contractual rights in a Chrysler bankruptcy action? (The ten minute radio interview with creditor attorney Tom Lauria is embedded in my link and is a must listen!!)

>If the White House did threaten Lauria’s client Perella Weinberg, who in the White House issued the threat? Rham Emanuel? Steve Rattner? David Axelrod?

>Have other creditors in other high profile bankruptcies chosen not to pursue their contractual rights given the noise around this story?

>Have property rights in our nation forever been changed?

So many great questions. As of now, so few real answers.

Will we ever learn ‘what really happened…?’

America deserves the truth. The cost of neither pursuing the truth nor exposing it is not small.

Will future generations hold us in contempt if these questions go unanswered?

What Really Happened…?

In the spirit of full disclosure, I have learned from sources I deem to be very reliable that FINRA did not have an investment in Madoff. I did not learn that from anybody within the media. There is so much more to learn, though. What is the media doing digging through Sarah Palin’s e-mail when these questions which strike at the heart of the financial, regulatory, and political system remain unanswered.

Where is the truth? What really happened?

What do you think? I think America deserves so much better.

Comments, questions, constructive criticisms encouraged and appreciated. I hope you will share this commentary with your friends and family. Let’s take back our country.

About Larry Doyle 522 Articles

Larry Doyle embarked on his Wall Street career in 1983 as a mortgage-backed securities trader for The First Boston Corporation. He was involved in the growth and development of the secondary mortgage market from its near infancy.

After close to 7 years at First Boston, Larry joined Bear Stearns in early 1990 as a mortgage trader. In 1993, Larry was named a Senior Managing Director at the firm. He left Bear to join Union Bank of Switzerland in late 1996 as Head of Mortgage Trading.

In 1998, after 15 years of trading and precipitated by Swiss Bank’s takeover of UBS, Larry moved from trading to sales as a senior salesperson at Bank of America. His move into sales led him to the role as National Sales Manager for Securitized Products at JP Morgan Chase in 2000. He was integrally involved in developing the department, hiring 40 salespeople, and generating $300 million in sales revenue. He left JP Morgan in 2006.

Throughout his career, Larry eagerly engaged clients and colleagues. He has mentored dozens of junior colleagues, recruited at a number of colleges and universities, and interviewed hundreds. He has also had extensive public speaking experience. Additionally, Larry served as Chair of the Mortgage Trading Committee for the Public Securities Association (PSA) in the mid-90s.

Larry graduated Cum Laude, Phi Beta Kappa in 1983 from the College of the Holy Cross.

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