Where Does The Buck Stop?

So much for hope and change.

The stench of the cesspool of scandalous activities in Washington is now bubbling over into the backyards of those who have previously stridently defended this administration. The flood of filth associated with the three current bombshell stories leaves me with a number of feelings and questions that I would like to share with readers. I would welcome hearing what readers make of all these sordid situations. My thoughts include:

1. We are witnessing a serious failure of real leadership. I do not pretend to think that the other side of the aisle has the statesmen our country needs right now but does anybody believe that the administration is displaying the necessary leadership to move our country forward currently.

If the administration had a real set of balls and the courage and character needed for the office, I think we would witness the immediate announcement of 3 separate independent investigations led by people with unquestioned integrity and credibility. Whom would readers nominate? Allow me to throw out the names of Judd Gregg and Evan Bayh to start. Allow these individuals “to get to the bottom” of what really happened in all three situations so that our  national interests can once again be prioritized.

2. Who is Denis McDonough? At all times but especially during times of crisis, the White House Chief of Staff is the administration’s de facto chief operating officer. Check out McDonoughs’ resume. He may have a distinguished career down the road but as of now he not only has no public presence but little meaningful experience to occupy such a lofty position. This is not good.

3. In regard to the Department of Justice’s betrayal of the Associated Press, none other than the chief executive of the Project on Government Oversight, Danielle Brian, said, “The Justice Department’s seizure of the Associated Press’ phone records is Nixonian. The American public deserves a full accounting of why and how this could happen.” Strong words from an individual and an organization that works tirelessly to promote truth and transparency in Washington.  All too much evidence of intimidating whistleblowers has streamed out of Washington over the last few years. I am all for national security. I am also all for protecting the interests and identities of whistleblowers.

4. Add it all up and what do we get and why do I feel compelled to write this commentary?

Without strong leadership, the trust and confidence so badly needed to help our economy grow will not only be stifled but will actually decline. The “people’s business” will remain relegated to the back burner. Do you think the many families struggling to make ends meet need to see our news dominated by activities that do nothing to help put bread on the table?

The Washington soap opera will run for another season. Real life in mainstream America deserves far better.

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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