Apr 28, 2014
Today on the podcast Michael Covel interviews Larry Doyle. Doyle’s book is called “In Bed With Wall Street”. Doyle is a former JP Morgan banker gets into why the system is fragile despite being five or six years removed from the crisis. Covel and Doyle discuss Doyle’s background and why he put “In Bed With Wall Street” together; Madoff, and what was missed from a regulatory perspective; KYC, or “knowing your customer”; MF Global, Jon Corzine, and touching customer funds; Dodd Frank and the supposed fixes to the 2008 financial crisis, and why Dodd Frank was more of an architectual blueprint rather than a completed piece of legislation; regulatory reforms to help fix the problems created in the 2008 financial crisis; informing the general public of the problems surrounding Wall Street today; the “bribe” of equity markets at all-time highs; manipulation of the markets; why Tim Geithner said “we saved the economy, but we lost the country”; if a crash is the only thing that will bring about change; why the banks must be broken up; and what would have happened if Goldman Sachs and Morgan Stanley had failed. Want a free trend following DVD? Go to trendfollowing.com/win.