In Bed with Wall Street

ilene's picture

In Bed with Wall Street: The Conspiracy Crippling Our Global Economy

Intro by Ilene

Screen Shot 2014-05-03 at 3.23.05 PMIn Bed with Wall Street: The Conspiracy Crippling Our Global Economy is a great read for those seeking to understand our financial system's failures and the reasons the global economy ceases to function properly. Larry Doyle highlights the shenanigans of FINRA (Financial Industry Regulatory Authority), the uneven-to-nonexistent oversight by the SEC, the corrupt culture of Wall Street, and the Street's self-serving entanglement with the government.

While readable and enjoyable, Larry's new book could serve as a comprehensive treatise detailing the failure of self-regulation and systemic conflicts of interest. The revolving door between the financial industry and its regulators, whether in self-regulatory agencies such as FINRA or in government, promotes capture and corruption. Unfair practices such as extra-legal taxpayer bailouts, failures to prosecute, High Frequency Trading (HFT), and "permissible" insider trading are symptoms we see every day.

Excerpt (pp 160-164)

The behavior of selected individuals and institutions needs to be exposed and properly adjudicated if capitalism is to exorcise the cronyism that was core to the fraud. James K. Galbraith, the chair in government and business relations at the University of Texas at Austin, understood this. Galbraith addressed the Senate Judiciary Committee’s Subcommittee on Crime in mid-2010 and laid out the shortcomings behind and the fallout from our economic crisis. His exquisitely detailed testimony skewered his own profession, the study of economic theory, for its failure to properly delve into and understand systemic financial frauds. In point of fact, leading into the current crisis, Wall Street curried favor with academics by paying them to produce research supportive of practices and market developments central to the perpetuation of fraud.

Galbraith methodically detailed the manner in which a control fraud—when a trusted person in a position of responsibility subverts the system/company for personal gain—develops, flourishes,perpetuates, and ultimately fails. The failure of the fraud, though, belies the fact that many of the perpetrators walk away filthy rich. The fraud itself and the injustice running throughout the system are predicated on a failure of the rule of law in mandating and upholding legal contracts. These failures have been propagated by our government, regulators, ratings agencies, a wide array of financial institutions, and individual citizens as well. As frauds go unpunished and moral hazards propagate, our nation has seemingly become inured to the growth of other frauds and moral hazards.

We have seen evidence of this dynamic in areas like union-dominated pension schemes and personal consumer behaviors, including the intentional nonpayment of debts with the expectation of not being penalized. Just as banks were bailed out, an unhealthy “bail me out too” mentality has taken hold in our nation. What is the result? The abuse of capitalism persists unabated under the guise that every criticism threatens to tear down the economy, and every measure of support for our economy is prioritized over upholding our legal system and embracing a sense of moral decency.

Galbraith harkened back to a period in our nation’s history when a sense of decency and meaningful justice for all was central to our national fabric: “Some fraud is inevitable, but in a functioning system it must be rare. It must be considered—and rightly—a minor problem. If fraud—or even the perception of fraud—comes to dominate the system, then there is no foundation for a market in the securities. They become trash. And more deeply, so do the institutions responsible for creating, rating and selling them. Including, so long as it fails to respond with appropriate force, the legal system itself.”

Galbraith understands and shared that no amount of support provided by the Federal Reserve or any other governmental or private entity can disguise the inestimable price borne by our society from a deeply buried yet unpunished control fraud. The monetary valueassociated with this price pales in comparison to the national decline in trust felt by a citizenry disgusted by those who have continually failed to uphold the rule of law: “In this situation, let me suggest, the country faces an existential threat. Either the legal system must do its work. Or the market system cannot be restored. There must be a thorough, transparent, effective, radical cleaning of the financial sector and also of those public officials who failed the public trust. The financiers must be made to feel, in their bones, the power of the law. And the public, which lives by the law, must see very clearly and unambiguously that this is the case.”

Galbraith would have impressed Pecora. Yet Congress and the Department of Justice have largely failed to act upon Galbraith’s recommendations. Galbraith was not the only one directing the FCIC and Congress to act. While the FCIC was engaged in what ultimately looked like shadowboxing, others with extensive background in exposing shady financial dealings were also speaking out and impelling Congress to look hard at FINRA, most notably, the longstanding proponents of transparency at the Project on Government oversight (POGO).

Well-positioned in Washington and with unquestioned credibility, POGO delivered Congress a detailed road map of FINRA, outlining numerous concerns in a February 2010 letter to the House Committee on Financial Services, the House Committee on oversight and Government reform, the Senate Committee on Banking, Housing, & Urban affairs, and the Senate Committee on Finance:

  1. FINRA has attempted to expand its authority despite its abysmal track record. In scaling a bar held barely inches off the ground, “FINRA Chairman and CEO Richard Ketchum testified that FINRA should be given the authority tooversee investment advisers in addition to Securities brokerage firms. In an attempt to justify this expanded authority, Ketchum argued that FINRA has a ‘strong track record in our examination and enforcement oversight.’”
  2. Regulators awarded executives outrageous compensation packages, even during the height of the crisis. “Tax documents show that in 2008—a year in which FINRA also lost $568 million in its investment portfolio—the organization’s 20 senior executives received nearly $30 million in salaries and bonuses.”
  3. FINRA failed to warn the public about ARS.
  4. The incestuous relationship between FINRA and the Securities Industry, as exemplified in the complaints brought on behalf of Amerivet Securities, Standard Investment Chartered, and Benchmark Financial, and in the well-oiled revolving door between FINRA and a host of industry-related firms.
  5. Investors and taxpayers have been forced to foot the bill for regulatory ineptness or malfeasance. The direct and indirect costs of which are incalculable given the trillions of dollars in bailouts and the pain caused by our ongoing economic crisis.
  6. It is now time to challenge the government’s reliance on SROs. Given the inherent conflicts of interest in the financial self-regulatory model, one is hard pressed to accept the efficacy of just such a system, and as such, “POGO calls on Congress to consider vastly curtailing the power of SROs.”

With all of those land-mines within FINRA, to think that the FCIC totally overlooked this organization speaks volumes as to how deeply the commission really cared about looking for the root causes of our economic crisis.

One would think these four major congressional committees would have to weigh in with some sort of opinion on such a detailed appeal as that put forth by POGO. But with the bulk of the issues within POGO’s letter still unresolved and the crisis enduring, the American public is left wondering if POGO’s letter was even read by those atop Capitol Hill. POGO’s Michael Smallberg informed me, “No one from the committees responded to our 2010 letter. But we did hear from a number of investors, shareholders, reporters, and Securities brokers who told us about a host of problems at FINRA.”

Of course, most of the American public has little understanding or appreciation for the impact a massively conflicted financial self-regulatory model has upon their lives. That said, one would hope and expect that our elected representatives sitting on committees charged with financial oversight would be well versed in the issues relating to this topic. Do not be so sure. Smallberg works deeply within these spheres and offered a stinging rebuke of some on the aforementioned committees in stating that he “suspects there are some committee members who have never even heard of FINRA.” That assessment is certainly disappointing but not overly surprising given the general lack of meaningful financial intelligence displayed by congressional members in a variety of Wall Street related hearings.


Read Larry Doyle's whole book: In Bed with Wall Street: The Conspiracy Crippling Our Global Economy

Visit Larry at the Sense on Cents blog. And to learn more about Larry, go here. 

Visit me at Market Shadows. 

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kchrisc's picture

"In Bed with Wall Street: The Conspiracy Crippling Our Global Economy is a great read for those seeking to understand our financial system's failures and the reasons the global economy ceases to function properly."


First off, it is not "our" system, but theirs. A system of theft. And it has been functioning perfectly for 100 years,

As for "understanding" the system?! Well, here goes:

The FedRes "prints" $$$ which they give to the criminals of the DC US government and themselves. This is counterfeiting, fraud and theft. The banksters then steal their depositors' deposits and create "loan" money from that. More Counterfeiting, fraud and theft. In the mean time the criminals of the DC US stay busy extorting "taxes" from their victims so as to keep themselves ensconced in guns, drones and missiles and to pay the interest on the counterfeit money they were "loaned" by the FedRes..

To keep the ponzi going they all shuffle the counterfeit paper around and pay each other "commissions" for the privilege.

In the end, the counterfeit loot they printed is converted into real goods and services that they ultimately stole from the American people.

How was that?!

Larry Doyle's picture

It goes a LOT deeper than that. 

Comte d'herblay's picture

If we are already convinced that Wall Street, in partickler, the Jewish Mafia, owns the treasury, the FED and the politicians, the judges, the regulatory agencies, do we then need to read the book?




Larry Doyle's picture

Only if you might care to learn a whole host of things that they get in return for their ownership stake. Who knows you may just avoid a landmine in the process. I am willing to bet there is plenty revealed that goes well beyind what you currently know. Well beyond.    

JRobby's picture

Oh that old story, the Fed stocking the ranks of academia with Fed celebrity watchers. Like ET for economists. That is a stomach emptying vomit. Lining and all.


Filthy pieces of rat excrement.

elwind45's picture

Yes let us travel back in the past when in 1967 MILTON FRIEDMAN tryed to bust sterling or when the future first lady turned 1k into 100k trading cattle futures soya and live hogs by betting 30 times her net worth on the short side when cattle doubled? This current meme of saying the regulated were attacked by rogue traders or oversight was not in place is naive? REAGAN REVOLUTION was a hoax on everyones wallet which is still being felt 30 Years later? Save your money this guy uses big words to hide his shame

elwind45's picture

Another book to explain away the past. Do yourself a favor and read "devil take the hindmost" by EDWARD CHANCELLOR. Having read this book I am able to dispose of this hyperbole of this Time it may be different. This book names names and chancellor details everything down to how many flies were on the walls. A quick takeaway from devil would be all the watch dogs in place were put in by the participants of the financial industry to provide cover and not oversight.

TrustWho's picture

And more deeply, so do the institutions responsible for creating, rating and selling them. Including, so long as it fails to respond with appropriate force, the legal system itself.”

Galbraith implies the legal system works as a credible institution? IMO, the legal system started this fraud and is its foundation.

1) Attorneys have perverted their priviledge that they are believed to always speak TRUTH in the court room as it is ok to misrepresent the facts to defend your client. Attorneys are given this priviledge because the system can never work if people lie because you just have chaos. How often does a judge charge a lawyer for lying? Well folks, the court room is chaos.

2) the legal system answers the question "who judges the judges?", obviously the professional attorneys police and judge their peers because who else could. Ask an attorney to report another attorney to their State Bar Association for breaking the law. I bet they will say "I agree with you that this is bad behavior, but I depend on these people for my career and income and you are asking me to risk my career. Do you think I am crazy?" This is the reason self regulation ALWAYS fails!

Professionals are no better (I believe worse) than a farmer in self regulation. The only answer to this self regulation problem is transparency and jail time for CEOs, attorneys, regulatory authorities and politicians. Without a George Washington like leader, fear of the people is the only way the people will get the transparency and justice required to optimize society. Fear will require a fight and blood in the streets. But George Orwell did write "Animal Farm". "Animal Farm" may explain the foundation of this problem.

As I have made my way since 2008, the problem is more basic than fraud. A society works best when everyone tells the truth. Any dumb to smart person can improve their position in a truth-telling society if they tell people what the people want to hear by telling a good story full of smart focused lies. Over time everyone LIES. Once everyone lies, the society collapses.

sgt_doom's picture

Excellent points, TrustWho:

"Galbraith implies the legal system works as a credible institution? IMO, the legal system started this fraud and is its foundation."

Galbraith (and Ha-Joon Chang) had their names attached to a complete fraud of a book by New America Foundation fraudster, Barry Lynn, called Cornered --- fraught with lies and more lies, redirecting attention away from Jack Welch and GE, and the mega-pension theft of the Blackstone Group.

Galbraith and Chang, excellent scholars, are simply not up to snuff on global finance, and finance in general --- they both should have known better, but frequently that is a failing of all but a handful of the supergenius economists such as Michael Hudson, Michael Perelman and Shamir Amin.

The group for international bank lobbyists, the Group of Thirty (Summers, Krugman, Geithner, Dudley, Draghi, Zedilla, etc., etc.) recommended legal risk be removed from the use of credit derivatives, and thus the Private Securities Litigation Reform Act was passed by the US Congress at the federal level, while securities industries' lobbyists like Chris Christie worked at the state level (he successfully lobbied for the exclusion of securities fraud from the NJ Corrupt Practises legislation).

Excellent points . . .

Comte d'herblay's picture

" Once everyone lies, the society collapses".  ????

Excellent points, but for the last one.

Lying is essential.

Society can not function without a broad-based foundation, and that foundation----as sure as the I-beams and girders pile-driven into bedrock hold up a skyscraper----is composed of the mix of Lies, confabulations, omissions, and fantasies, and most of all of those we tell to ourselves. 

If the truth about pretty much everything important were told, (or accepted) THEN the socierty we live in would collapse. 

I would guess that everyone lies at least a dozen times every day, and likely a hundred times a day if they work for a living.

The only ones who can get by without lying are those who live a hermetic, ascetic existence, who have not much or any contact with other human beans. 

Once there is more than one person in a room the lying begins if they are talking to one another.   

word. "

Complementary or a corollary to that is this:  We all have three lives.   Our public life, our private life, and our secret life. I forget who said it but it's, "no lie".

And what are 'secrets' but lies of omission. 

TrustWho's picture

Comte,....You do describe the current reality. Everyone sells "snake oil". People buy shit everyday in a modern economy, so they might as well buy my lying worthless shit. What a cynical world, because the describes the leaders of all institutions.

elwind45's picture

Do yourself a giant favor and read HG WELLS! Only reason 1984 is still popular is because it is required reading in israel! 1984 is the religion of the Jewish state

Kina's picture

When we after struggling, gains a whole overview of the depth and breadth of corruption throughout all arms of governemn and all its sytsems and corporations and banks and so is hard not to think of Maximilien François Marie Isidore Robespierre.


An artistocratic France fallen through internal decay and abuse finally comes to a reset...and the copious amount of information available and gathered valuable in finding and dealing with the criminals, by their action and inaction.  Then the truth commission in South Africa calling to account the criminals under apartheid.


A documenting of the breadth and depth of the corruption throughout the US and elsewhere will be valuable if one day the US has its own....Committee of Public dish out punishment to the traitors of the state and people.


The corruption is so ingrained it is hard to see how the US will escape without their being a major catastrophe....whereupon the people have opportunity to intervene.


Larry Doyle's picture

Given the studious nature of many who visit ZH, you may care to get the book simply for the Index, that has upwards of 150 referenced documents.

IMO, this index is unparalleled as it covers a wide array of SEC, NASD, and FINRA documents, independent reviews of funds directed to Congressional campaigns, arbitration hearings and FINRA responses to individuals, legal briefs involved in regulatory hearings (including some that went to the SCOTUS), whistleblower docs, Congressional testimony that included well detailed info of scandal and corruption and MORE.

More than a few readers have told me the Index alone was worth getting the book.

Everybody knows Wall Street sends boatload$$ of dough to Washington. This book exposes in detail the payoff that Wall Street gets in return and names names in doing so.

HFT and assorted practices are symptoms. The captured and corrupted pols and regulators are the cause.

The specific details and cases of the capture and corruption are my book.  

I am speaking at the Library of Congress on June 5th. Please tell your captured/corrupted reps to come take a listen.  

Let's play to win.  


elwind45's picture

Everybody knows wall street sends boatloads to Washington! However not everyone knows the Fed is sending that boatload about 5000 miles in any direction away from inflation and combating European and soon world deflation? The documents are useless unless some non common core student reads them to me!

AdvancingTime's picture

May I suggest the authorities are acting primarily to prop up governments as well as the economy by saving the financial system. It is important to remember these authorities are politicians and bureaucrats that want increased power and influence, and guess what, they may have hit the jackpot. Those in power have joined with the banks to create the "Financial-Political Complex" that promotes the current financial policy and supports banks that are "to big to fail".

Many people say that the way out of the housing crisis is to let everyone fix their mortgage debt at super low fixed rates, then inflate, inflate, inflate? Well perhaps the government's way out of its own debt is to secure low fixed rates for itself then inflate away when it becomes necessary. It should not bring comfort to the average man that these to unholy forces have joined together in such a union. More on this subject in the article below.

elwind45's picture

You really don't get it? It was about LEHMAN? THE LEHMAN RAID empaired the bonds. LEHMAN WAS FAILED BECAUSE OF SOMETHING PERSONAL BETWEEN A TREASURY SEC. AND A BROKERAGE CEO? PAULSON HAD A BLANK SHEET WORTH 750 billion and a vendata? Now smart money is sitting in golf carts making more than 1000% and always LOOKING THE OTHER WAY! Lookist now over here now over there. Now over here...... that will be 12.95 per round turn SUCKER

Comte d'herblay's picture

"Saving the Financial system"??

The "financial system" for the masses is this:  they earn a paycheck, they have their taxes hijacked by the GOVERNORS out of their pay before they see it, They never get the entire amount that they agree to or must accept as their due for their services. Some "system".

The remainder of that pay check goes to pay for their cost of living, with so little left over for savings that they must borrow to live a low middle class life.

I dont' think any new system would be worse, and could be a whole hell of a lot better.

The current "Financial System" is like being the House in Las Vegas, and not permitting card counters at the table.  Only the owners benefit.  

The Real Owners of this country:


Escapeclaws's picture

How about a more concentrated approach? The rating agencies are certainly the most important link in this chain of evil. Go after them and their present and former top brass and middle management.

elwind45's picture

Back in the day it was the bond insurance agencies who called the rating agencies out. Everything already was on message as per plan and the public were at the required 6 feet of sand over its collective heads when LEHMAN FAILED NAKED IN WORST POSDIBLE WAY ON A SUNDAY MORNING AND NOT A FRIDAY NIGHT? IT ALREADY COLLAPSED LONG TIME AGO and your teeshirt got lost in the mail or at Stapples

kurt's picture

FINRA inforces nothing

Galbraith did not know you.

slowsmile's picture

In the last paragraph the author makes the point that most of these govt reps sitting on these regulatory committees know nothing about FINRA. But the author also fails to perhaps make anther sallient point -- that these so-called govt reps and regulators are already bought and paid for by their paypals in the corporate and financial sectors.

What's more, anybody can see that both Houses are already bought and paid for long ago by the corporate and financial sectors -- to do their bidding. 

So if the corporate and finacial sectors already own the vote in both Houses then how are you going pass Billls into Law to achieve proper financial and corporate legislation to regulate them honestly?

So any dumb hope or notion of doing this via the American political system is always going to end up being a complete dud. Any such belief or intentions are therefore much akin to pissing with hugely futility against the gale of political cronyism and corruption.  

Farqued Up's picture

Mr. Durden and mods should look at MARKIT and report on this cesspool of fraud. They provide cover for the shirt bird bankster crooks. Trust me, I know.

stormsailor's picture

mr doyle, i'm sure your book is excellent and i hope it brings about real change.  i wish to apologize for the remarks from fellow members of the hedge posted above.  but i also hope you will realize that members of this site for 5 or more years and even before have read every article of merit published or blogged and we are aware of the problem. what we need help with is how to untie the gordian knot, perhaps raising awareness will do that.

when the attorney general of the united states publicly states that "they are to big to prosecute" and countless phone calls to legislators provide nothing,


when the collective intelligence and life experience of this website for years have been unable to form any rational path to solve this problem, please do not take offense when the response to your book are less than favorable.

elwind45's picture

When the authorities are out smarted they always resort to regulatory failures as a go too excuse! I bet the lunch was caterered

i-dog's picture

@ stormsailor: +1,000

By now, even Blind Freddie knows what the problem is: Rampant Government™. We need solutions.

But since there are a thousand proposed solutions, the only logical solution is to allow those thousand solutions to bloom ... in a free society within which each community pursues its own solution AND respects the right of neighbouring communities to pursue their own solutions.

If your own community doesn't largely agree with your own preferred solution, then move to one that does.

There is no "global" solution to this [now] global problem.

Secede now ... or go down with the ship!


* Rampant (adjective): (especially of something unwelcome) flourishing or spreading unchecked.

Radical Marijuana's picture

"... the collective intelligence and life experience of this website for years have been unable to form any rational path to solve this problem ..."

Amen to that stormsailor!

There are severe social storms brewing on the horizon of history, which are already far too big for any of us to prevent blowing through. Apart from some personal recommendations to "batten down the hatches," and so forth, I am NOT aware of "any rational paths to solve this problem!"

Furthermore, I have found that the more one learns, the worse it gets, and so, only those who are still relatively ignorant are able to seriously offer any facile "solutions" to these problems such as the runaway triumphs of the best organized gangs of criminals having been able to persistently apply the methods of organized crime to be able to dominate the political processes, resulting in situations like the supposed regulators going through revolving doors to be In Bed With Wall Street.

Indeed, there are NO "reforms" which are practically possible, but MAYBE, some survival through the social storms blowing through, then opening some opportunities for "revolutions," afterwards ??? That is why I have devoted most of my efforts towards intellectual scientific revolutions, as the foundation for radically different ways to understand the monetary and taxation systems.

... Meanwhile, I wish for fortunate social storm sailing, for the small minority of the population that is interested in reading the kinds of information available on Zero Hedge. Since it IS a Social FACT that "most of the American public has little understanding or appreciation for the impact a massively conflicted financial self-regulatory model has upon their lives," there are NO good grounds to doubt that "THE CONSPIRACY CRIPPLING OUR GLOBAL ECONOMY" IS GOING TO GET WORSE, FASTER, WITHIN THE FORESEEABLE FUTURE!

AdvancingTime's picture

Nothing to do but give you a big thumbs up! Sadly any real efforts at reform would get quickly bogged down. It all looks ugly ahead we have passed the tipping point.

Dick Buttkiss's picture

"Sending in good people to reform the state is like sending in virgins to reform the whorehouse." — Abert Jay Nock

Larry Doyle's picture

I am all for everybody speaking out but I can assure you that there are many details within my book including interviews with selected individuals not seen here or elsewhere.

Beyond exposing real corruption including naming names, I also lay out specific reforms.

I personally believe that the only chance to bring about meaningful change is exposing real corruption via the public arena and promoting real reforms simultaneously.

I personally think ZH has had a huge impact on moving the needle. That said, these fights last a long, long, long time. The platform of a global publishing house such as Macmillan is helpful in bringing credibility and influence. Calls I have received from regulators indicate to me they are well aware of the expose and scandal revealed within the book. 

I thank you for your response. No offense taken.  






Farqued Up's picture

Mr. Doyle, they don't deserve blindfolds and last cigarettes. Please take a look at MARKITS' role.

Idiocracy's picture

Mr Doyle, I'm glad you wrote this book and certainly hope it will help get us toward a solution.  I want to make one observation about something you wrote:

 That said, these fights last a long, long, long time. 

Yeah, totally agree.  But how long do you think this problem (corruption of US capitalism from within) has been forming?  I would say from the Civil War, at least!  Certainly that was a watershed moment when the fear for "national security" allowed the Federal Government the opportunity to metastasize, disseminate debt and fiat currencies, and provide countless opportunities for parasitic "free market" businesses to gain footholds into the excusionary, lobby-driven, insider economy.  

As a rule of nature I'd say the time it takes to undo a problem is proportional to the time it takes for it to form.  Problems have momentum behind them, right?  It's really hard to stop a tug boat, it's damn near impossible to halt an aircraft carrier.  It's not like the problems of crony capitalism began with the Reagan administration.  They began with Alexander Hamilton.

It took the French revolution to end centuries of "feudalism" in France.  That would be like suddenly stopping an aircraft carrier by sinking it.  The only way?

Larry Doyle's picture

As the author of this book, I appreciate the contributor who posted this excerpt and comment. 

Perhaps some may not care to read of the expose of very real specific scandal and corruption within the regulatory system but I'm guessing many others might. Specific stories and details adddress a host of situations including: insider trading within an investment portfolio managed by a regulatory organization, kangaroo "arbitration" courts, lying by regulators, misappropriation of member funds in the merger that formed FINRA, lying to Congress by an SEC executive, intimidation and violations (including firings) of whistleblowers, sham investor protection by SIPC, and much, much more. 

One recent reviewer wrote, ""Michael Lewis has accused Wall Street of being 'rigged,' but he’s really just scratching the surface, as Doyle outlines in this excellent book." —Mark Melin, ValueWalk

williambanzai7's picture

Perhaps some are just morons who cannot help themselves. Best to ignore them.

Vendetta's picture

I had read about warnings from the Office of Federal Housing Enterprise Oversight of systemic issues in the housing market in 2004.  It was sent to two jackasses on the House Finance committee who promptly ignored the report(s) (another sent in 2005) and Armando Falcon, the director of the office, was gotten rid of. 

Since then I have seen nothing but cover-ups not reform.  I have no faith in the political system or the justice system ... some people do.

Larry Doyle's picture

I concur. How to expose coverups? Expose them and press for increased disclosures and the need for greater utilization of the FOIA. Corruption thrives behind the dark veil of power and money. Those forces are not about to roll over. Change only occurs via public exposition and embarrassment and then even at that it is hard to accomplish.

Blogs are great especially those like ZH with such large followings. Books are also great. Documentaries strike me as the best form of expose.

It's a process.

How about this? Rather than talking in circles here, I am happy to give a copy of my book to an individual who may care to read it and review it for the ZH community. Write me at my blog Sense on Cents.      

rocker's picture

You know it's getting bad when Apple acts like GE borrowing to buy back shares and pay out a divident. Unbelievable.

I guess the likes of Ichan know how to rig companies to garnish themselves even if it is wrong.

Apple's stock should be demonized for giving in. No growth and now debt.

Radical Marijuana's picture

Yes, Larry Doyle, it looks like a good book. It reminds me of the contribution to understanding the patterns of social facts made by Naomi Prins' recent book, which also deserved articles on Zero Hedge calling attention to that.

Personally, I continue to be impressed by William K. Black's perspective that "The Best Way to Rob a Bank is to Own One," as the key to the rampant control frauds which now dominate the world in more and more blatant ways.

HOWEVER, as always, I would add my perspective that there is insufficient good which comes from doing that kind of historical analysis of the facts, relying upon relatively useful dichotomies, which then ends with relying upon old-fashioned false fundamental dichotomies, and their related impossible ideals, as the basis for any better resolutions of those real, runaway, political problems. We ought to start using unitary mechanisms to understand how and why governments are the biggest form of organized crime, controlled by the best organized gangs of criminals, (which is a topic that I discussed in many previous comments posted on Zero Hedge, as well as in my other activities.) It will take profound, intellectual scientific revolutions to be able to understand this kind of politics better, whereby the People's regulators are In Bed With Wall Street.

Dick Buttkiss's picture

". . . governments are the biggest form of organized crime, controlled by the best organized gangs of criminals . . ."

Nothing against Larry Doyle's book (I'm sure it's "right on the money"), but until and unless the core issue is confronted — i.e., the state (government and those who control it) is inherently antisocial — there will be neither hope nor change (to paraphrase the American state's current Sociopath in Chief).

Rising Sun's picture

selling books we don't need.



X_mloclaM's picture

horrible garbage