Barron’s Gary Weiss Caught Plagiarizing Matt Taibbi, Find-Replaces Style With Spin

    Two months ago a schlubby-but-savage Goldman lawyer named Joseph E. Floren made a mistake that caused some previously redacted information about Goldman Sachs to slip into the public’s hands. The event  was ably covered by such globally-respected publications as Bloomberg, the Economist, and Rolling Stone.

    Rolling Stone: Accidentally Released – and Incredibly Embarrassing – Documents Show How Goldman et al Engaged in ‘Naked Short Selling

    Bloomberg: Goldman, Merrill E-Mails Show Naked Shorting, Filing Says

    Economist: An enlightening mistake

    Leading legal blog “Above the Law” described the situation this way: “It has been quite a while since we have covered a grand mal discovery screw-up here at Above the Law,” and summarized the moment with the accompanying image.

    And seminal law journal DeepCapture.com published its May, 2012, analysis entitled “Joe Floren Screws the Pooch“, referencing the Bloomberg, Economist, and Rolling Stone stories cited above.

    Since May I have wondered, With the truth emerge at last in publications such as Economist, Bloomberg, and Rolling Stone, surely the Bad Guys must understand they have lost control of the narrative. Surely, I thought, they are working out some new damage control strategy  to deflect or usurp the truth  as it comes out.

    And as always, Gary Weiss doesn’t let us down.

    This weekend brought forth from Weiss an effort that takes the same facts as the articles cited above, spins them to best advantage for the criminals, and is most remarkable for being an obvious rip-off of Taibbi. That’s right, Barron’s published an essay cribbed from a previously-published essay by a competing magazine’s journalist in a plagiarization so bald it would not pass muster at one of those companies that sells term papers to college undergraduates. Moreover, it presents clear evidence that the Bad Guys realize they have lost control of the narrative, and are searching for ways to restore their control.

    Alas, the best weapon they have in their arsenal is…. Gary Weiss?

    I encourage readers to compare Taibbi’s article side-by-side with Weiss’ treatment of exactly the same set of documents.

    Matt Taibbi, Rolling Stone (May 15, 2012):

    Accidentally Released – and Incredibly Embarrassing – Documents Show How Goldman et al Engaged in ‘Naked Short Selling

    Gary Weiss, Barron’s (August 4, 2012):

    Documents accidentally unsealed from Overstock.com’s failed lawsuit against prime-broker units of Goldman and Merrill Lynch raise questions about short sales.

    Matt Taibbi:

     “The lawsuit between Overstock and the banks concerned a phenomenon called naked short-selling, a kind of high-finance counterfeiting that, especially prior to the introduction of new regulations in 2008, short-sellers could use to artificially depress the value of the stocks they’ve bet against. The subject of naked short-selling is a) highly technical, and b) very controversial on Wall Street, with many pundits in the financial press for years treating the phenomenon as the stuff of myths and conspiracy theories.”

    Gary Weiss (two months later):

    “Naked short selling has long dwelled in the grassy knoll of the equity markets, denounced by crackpots, devotees of penny stocks, and troubled companies eager to divert attention from their failings. In other words, sightings of it often turn out to be bunk.

    “Despite this, a failed naked-shorting lawsuit lodged against all of the major Wall Street prime brokers, including units of Goldman Sachs Group and Merrill Lynch, by Overstock.com, has raised intriguing issues. The case, filed in California Superior Court in San Francisco in 2007, was summarily dismissed in January on a technicality;…”

    Matt Taibbi:

    “A quick primer on what naked short selling is. First of all, short selling, which is a completely legal and often beneficial activity, is when an investor bets that the value of a stock will decline. You do this by first borrowing and then selling the stock at its current price; then, after the price drops, you go out, buy the same number of shares at the reduced price, and return the shares to your original lender. You then earn a profit on the difference between the original price and the new, lower price.

    “What matters here is the technical issue of how you borrow the stock. Typically, if you’re a hedge fund and you want to short a company, you go to some big-shot investment bank like Goldman or Morgan Stanley and place the order. They then go out into the world, find the shares of the stock you want to short, borrow them for you, then physically settle the trade later.”

    Gary Weiss (two months later):

    “NAKED SHORTING—selling stock that the seller doesn’t have and hasn’t borrowed, in the hope that its price will quickly fall, letting the seller repurchase it at a lower price and then deliver the stock to the buyer—is generally illegal. Usually, sellers must borrow a stock, or at least determine that they can borrow it, before they can sell it short.”

    One can go through this new article doing this one-to-one mapping of content and tone from the August piece by Gary Weiss onto Matt Taibbi’s story from May.  It’s all rather creepy, actually.

    It is an attempt to re-highjack the narrative. I predict that however this plays out over the next couple of years you will see Weiss tagging along trying to reconstruct the story to the benefit of the criminal element described in DeepCapture. He’s obsessive. It is almost as if his job is to downplay, minimize, and cover-up in vain attempt at damage control.

    No, it’s exactly as if his job is to downplay, minimize, and cover-up. We’ll see how vain it is when we see what publications go along for the ride, besides Barron’s.

    That, of course, is the most remarkable thing of all: That a publication like Barron’s would publish something by Gary Weiss, given what has long been publicly documented about him. We know, because we documented it. Newcomers to this story might start with the Reader’s Digest version by reading “Gary Weiss: Psychopath and Scaramouch“. For the graduate course on this psychopath, look him up on antisocialmedia.net.

    I think, however, that this was a strategic mistake by the Bad Guys, in that it provides the public (and importantly, other journalists!) with a controlled experiment: one set of facts being handled by three real journalists and one hedge fund choagie.

    Perhaps decades from now it will be a case study in some school of journalism’s graduate seminar on “Journalism and the Fall of the American Oligarchy, 2008-2014”:

    “OK students, the assignment for next week’s class is a paper that examines Goldman’s inadvertent release of those its documents as treated by Bloomberg, Economist, and Rolling Stone, versus how the same event was treated by Gary Weiss, a pseudo-journalist who had already been exposed long before that as a hedge fund shill. For extra credit, describe the significance of its publication in Barron’s: Did Barron’s willingness to publish an obvious rip-off of Matt Taibbi reflect the desperation felt by the Sith to recapture the narrative?”

     

    This post was written by:

    - who has written 226 posts on Deep Capture.

    I am a concerned citizen who has been focused on systemic instability since 2004.

    Contact the author

    51 Responses to “Barron’s Gary Weiss Caught Plagiarizing Matt Taibbi, Find-Replaces Style With Spin”

    1. Geoduck says:

      Is there a website which tracks Wall Street ex-pats in Singapore? It would be fun if there was a monthly list of recent emigre’s (sp?)

    2. Anonymous says:

      Link to document:

      http://media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20to%20MSJ.pdf

      A September 2006 telephone transcript between Merrill executive Collin Carrico and a client containts a discussion by Carrico about how a trader could do non-market trades within a market making account, which is illegal, but would never get caught, and discusses strategies to carry out this illegal activity.

      Ex. 123 to Sommer MSJ Decl.: This email from a DSEC executive exclaims that short sales amount to 107% of the float of Overstock

      Ex. 167: In this email, a Goldman Sachs executive states: “[P]er Les Nelson, we have to be careful not to link locates to fails [because] we have told the regulators we can’t”

      Ex. 177 to Sommer MSJ Decl.: In this email chian, a SIFMA lobbyist emails a Goldman Sachs executive and explains how to engage an expert that would otherwise wor for “our more powerful enemies,” meaning Overstock: “[H]e should be someone we can work with, especially if he sees that cooperation results in resources, both data and funding; while resistance results in isolation.”

      “I have a meeating at 2 with Tom T, tell him I want an update on how we’re going to fix fails and I want to know what we need to do to make 369 market makers fail”

      “Defendants [Goldman Sachs and Merrill] still seek to seal the entirety of virtually every single evidentiary document submitted by the Plaintiffs [Overstock.com]”

    3. Naked Short Selling says:

      What alias does Gary Weiss use on Investors Hub?

      Is Janice Shell Gary Weiss or is Gary one of her trolls on the boards?

      • Kilroy.Killbasher says:

        I’m not sure what alias Gary Weiss uses on iHub, but on Raging Bull he was using the handle “medchal”. He posted his usual pro-NSS tripe and I suspected that it was Gary. Then I found out that Gary’s wife is from India, and he has traveled to India with her before. Medchal is a city in India and Gary has written a few articles about the area. Shortly after I “outted” him, the alias “medchal” no longer showed up on the board I was on, i.e. CMKI (CMKM Diamonds), but he may be posting on other boards or using a new alias. Just FYI.

        • Naked Short Selling says:

          “medchal” appears to be very active on the iHub boards.

          Stocks of interest on that site include DKGR CMKX and FFGO.

      • Kilroy.Killbasher says:

        BTW, you might find the following post about Janice Shell enlightening and amusing (at least I did). It was apparently written by (at least somewhat) honest shorter of junior mining stocks:

        http://incakolanews.blogspot.com/2011/08/janice-shell-of-streetsweeper-i-dont.html

        It portrays her style of dirt-digging. She seems to always be connected to one convicted market felon or another, e.g., Tony Elgindy (she gave “white-washing” testimony at his sentencing), Sam Antar (of Crazy Eddie fame), Hartley Bernstein (publisher of StockPatrol) and now apparently working with Hunter Adams of StreetSweeper. What a slimeball tool of the short-and-distort racketeers!

    4. Naked Short Selling says:

      Legal Hawk,

      What is Gary Weiss’ alias on the Investors Hub Chat Forum?

      • Naked Short Selling says:

        puppydotcom and medchal are rumored to be two of his many aliases.

        Investors Hub Chat Forum has a strict policy against multiple aliases for one poster, but I guess Gary has been granted exception.

        Why does Gary spend so much time attacking shareholders and companies on the OTC, specifically companies at no bid or ones revoked?

    5. Anonymous says:

      Why it is so hard to fix Wallstreet. They’ve had a three century head start.

      http://www.wariscrime.com/2012/07/21/news/banksters-make-the-world-go-round/

    6. searrows says:

      Patrick,

      Whatever you do please do not allow this to be settled out of court. I know many of us would be more than happy to donate whatever we can afford to help defray the legal costs should that become an issue. I’ve been following this since before the Sanity Check days and I’ve been fleeced of a lot of money by those crooks back in that time period…The bigger issue is to try to bring back “integrity” instead of a flea market run by the mafia with the help of the government. You have done a Patriotic thing standing up to these guys. Someday, I believe you will be recognized for it, but I know that is not important to you as saving Main Street America the investing Public and Small Public Companies from these Financial Terrorists.

      • Anonymous says:

        searrows,

        Pool resources to form the Jedi Knight Litigation Fund, buy into shares of Overstock.com, then use “shareholder activism” to vote for directing more resources into lawsuits, lobbying and awareness.

        The Overstock.com lawsuit seeks $3.48 billion in damages — that is one hell of a pay day for a company valued at $200 million.

    7. tobacco juice says:

      Slow is good. tortoise can live for 450 years. *smile*

      longevity. 

    8. bbhindyou says:

      Global bust out.
      Found this discussion on OSTK message board.
      What criminal corporate ‘person’ goes down next?
      Will there be anything left to collect when the jury finally announces guilty?

      The IRONY of Knight Cap taking a toxic at $1.50 is too much – 6-Aug-12 07:08 am
      Who is next?

      Seriously – at what price will OSTK go ‘toxic convert’?

      It’s just too funny.

      : ot: The IRONY of Knight Cap taking a toxic at $1.50 is too much – 6-Aug-12 12:52 pm
      It is not funny it is sickening and criminal.
      The guilty parties are shuffling the money around bankrupting the companies that will be found to be responsible for naked shorting and destruction of value. Taking taxpayer, investors and stockholders money with them from the ‘reputable and safe’ investments that were made in the entities they are bankrupting.
      In the end after ‘rescues’ and ’emergency financing’ programs have been milked for every penny then the ‘guilty’ corporate ‘persons’ will die before they can be brought to trial.No payments no admitting or denying of guilt no resources to seize no recourse to restitution.
      Meanwhile the money will all be long gone to offshore bank accounts .
      MAFIA tactics at their best.

    9. si_ravenseye says:

      the more i research, more and more i see how broken the system is.
      for example (gary’s crap is even quoted, with link to his blog that basically is a totally biased obsession with patrick and ostk). seems finra is forced to operate with its hands tied behind its back. what you will see is elgindys buddy not paying his $1 million finra fine, and a court says finra doesn’t have the right to collect via a court of law. WTF is that about? is this really the status quo to fine, sanction and not have the ability to collect? where is our congress to fix this mess? i remember when when finra went after elgindy, and sec obstructed finra (protecting the guy), finra appealled and lost that appeal. It took the doj to take elgindy down from his nss pedastal of destruction (uncharged for nss). what is troubling about the link that follows is the extortion claim, and a judicial system that failed finra and basically gave offenders of rules and regulations the right to not pay fines. How many dollars of uncollected fines are there, moneys that could be used to fix the system if the strong of the law helped to facilitate collection? it’s no wonder why they laugh at us all the way to the bank….
      Stock Manipulator Stiffs FINRA on $1 Million Fine. Not Our Problem, Says Federal Appeals Court. October 17, 2011
      http://financiallyregulated.com/2011/10/17/stock-manipulator-stiffs-finra-on-1-million-fine-not-our-problem-says-federal-appeals-court/
      it is my personal opinion that gary is the bear raiders hand puppet, which is a mild way of expressing my opinion because i really believe he is living proof and the defination of yellow journalist.

    10. Anonymous says:

      Source: Depository Trust & Clearing Corporation, 19 July, 2011

      DTCC names Weiss head, global business development, wealth management services

      The Depository Trust & Clearing Corporation (DTCC) announced today the appointment of Gail Weiss as vice president and head of global business development, Wealth Management Services, to further strengthen its global funds processing business. 1846 views 0 comments
      Weiss will be responsible for leading the business strategy aimed at securing DTCC’s position in the global mutual funds processing arena, among other key initiatives. This strategy calls for DTCC to expand its Mutual Fund Services into the evolving offshore markets. These services, which are provided by DTCC’s National Securities Clearing Corporation (NSCC) subsidiary, offer critical automated processing and information-exchange services to the mutual fund industry and link business partners through a centralized infrastructure. Weiss reports to Ann Bergin, DTCC managing director and general manager, Wealth Management Services.

      In the U.S., the vast majority of mutual fund transactions are processed through NSCC’s Fund/SERV®. Since its inception in 1986, Fund/SERV® has reduced the cost of U.S. fund transacting to US $.06 per transaction. In 2010, Fund/SERV® completed close to 219 million transactions for the more than 1,100 companies using the service. In recent years, DTCC has sought to expand its Mutual Fund Services to support the organization’s commitment to the global funds market. In particular, pending regulatory approval, the organization’s multi-currency settlement capability will offer settlement in euros and British pounds sterling, and will give customers access to the efficiencies that Fund/SERV® delivers to the U.S. market. Offered through a U.K.-based DTCC subsidiary, DTCC Solutions Worldwide Ltd., the cross-border service will fill a longstanding void in global funds processing.

      “For 25 years, DTCC has contributed to the phenomenal growth and scalability of the U.S funds industry, and we are confident that Gail’s exceptional level of leadership and command of the global funds landscape will guide us into new markets, as we extend the cost, risk and distribution efficiencies of our services to more customers,” said Bergin.

      In 2010, 5.9 million fund orders were processed manually in the cross-border fund centers of Luxembourg and Ireland, according to a May 2011 report published by the European Fund and Asset Management Association (EFAMA) and SWIFT.

      “While the European cross-border fund market continues to progress towards standardization and automation, the need for a comprehensive global approach to fund processing still remains,” said Weiss. “I am very pleased to join DTCC and I look forward to working with the talented people across the enterprise, and strengthening our industry partnerships to further expand our operations in global markets.”

    11. Lila Rajiva says:

      Yes, Gary Weiss carries water for the financial industry.
      But Taibbi himself is a plagiarist, as you well know, but discreetly don’t mention.

      If you applied to him the same analysis that you applied to Weiss, you’ll see how many things he’s lifted from others, including the Goldman Sachs story, the naked short-selling story, stuff on Bachman and several other things.

      This kind of thing is rampant and shameless and Taibbi himself does it, because that’s the way the media sets up its controlled debate.
      Weiss IS a plagiarist and is spinning.

      Unfortunately, Taibbi is too. On the good side, he brings attention to the financial crimes that the rest of the media (with some belated exceptions) ignore.
      But let’s not lose credibility here.
      Plagiarism and revisionist history is the way all these outlets work, Rolling Stone included, major alternative media included.

    12. Anonymous says:

      DA: Whoa! Hold on. Whoa whoa whoa! Wait a minute. Before you go any further, what are you talking about when you say be prepared for something

      PB: Great Depression #2

      DA: Great Depression #2?

      PB: Great Depression #2

      DA:You think it’s going to be worse than any recession that we’ve had since the Great Depression?

      PB: Yes. And remember that we used to call WWI, used to be called The Great War until we knew enough to number them and we got WWI and WWII. We call the Great Depression the Great Depression. Maybe in a few decades they’re going to be talking about Great Depression #1 and #2. There’s something horrible about to explode. I can’t believe people don’t get the joke that they’ve even bought into this recovery. Now –

      DA: Well I agree with you in terms of buying into the recovery. I never did. I’ve seen these economic policies fail everywhere in the world that they have been tried so I didn’t expect them to work at all. I knew they had the opposite – but what makes you think we’re going to go into something worse than the Great Depression?

      PB: Well because with everything – we’ve been pumping so much liquidity into the system and managed to get it up to 1% or 2% and, you know, at this point in a recession, if it were a healthy recession even without that, we would’ve been seeing much better gains. It’s been very lacklustering even that’s with having taken huge doses of drugs to even get us to feel this well and it looks like they’re running out. Now they are talking about QE3 and I don’t know if they’re (possible audio cut)

      The middle class is gonna to riot when QE3 gets announced or they’re gonna riot when they see the effects, you know, down the road, but it’s essentially wiping out the American dollar.

      DA: Well do you think you’re gonna die? Do you think your company, O.co, is gonna die as a result of this?

      PB: No, no, no. I well.. You know, I prepared. I think that there’s a big correction coming. Much bigger than we went through in 2008. I don’t know if it’s the Great Depression. Something very bad is coming and we’re prepared. I mean we are the saving – O.co is the savings engine. It’s for the people who want to save money. And what we’re carrying more and more is just those products that people can save money on.

      So the cookie’s kind of crumbled from the outside in and we’ve gotten ourselves as close to the center of the cookie as we can.

      DA: So you – let me just make this clear by the way. You are going through this whole renaming thing and putting yourself on Oakland stadium as naming rights and everything because you think we’re going into a great decent. You’re positioning yourself for this disaster that you see coming?

      PB: That’s what’s driving the O.co. We think O.co is a great name, a better name, a stand-out name, better internationally, better domestically. So we’re doing that anyway. It’s a separate – I can part mentalize. It’s a separate issue, but because of my feelings about the greater economy, yes we are trying to weatherproof our company as much as we can for the day that comes.

      DA: Some sobering comments though, Patrick. I’ve never heard you this pessimistic about things.

    13. Anonymous says:

      Patrick,

      Do you have an opinion on the New York financial press reaction to the facebook IPO? They called it a flop — could this because the bankers were unable to run up the price and get kickbacks?

      I think an article outlining the facebook IPO, then calling out the media for their spin, (if they did spin), then outlining the corruption in the IPO system, dutch actions solving the problem… would have a good chance of getting picked up by tech bloggers, spreading DC. This could be done for all the new tech IPOs.

      One of your best newbie friendly explanations according to Anonymous:
      http://www.zurb.com/soapbox/events/28/Patrick-Byrne-ZURBsoapbox

    14. Anonymous says:

      Item 8.01 Other Events

      As previously announced by Penson Worldwide, Inc. (the “Company”), Penson Financial Services, Inc. (“PFSI”), a subsidiary of the Company, recently completed certain strategic transactions with Knight Execution & Clearing Services LLC and Apex Clearing Corporation that resulted in a significant refocus of the Company’s business, including, among other things, the cessation of PFSI as a clearing broker-dealer in the United States. Accordingly, on August 3, 2012, PFSI filed a Form BDW (Uniform Request for Broker-Dealer Withdrawal) with the Securities and Exchange Commission (the “SEC”) and Financial Industry Regulatory Authority (“FINRA”) to voluntarily withdraw its registration with the SEC as a broker-dealer and to resign as a member of the FINRA. Such withdrawal request is subject to the approval and acceptance of the SEC and FINRA, which are pending.

    15. Lila Rajiva says:

      Romney’s ties to Shulman link up to DTCC
      So Romney is in bed with Stanford, DTCC, Goldman Sacks

      http://mindbodypolitic.com/2012/07/30/mitt-romney-buddy-of-irs-chief-dtcc-creator/

      • n-tres-ted says:

        Lila, I read the piece you linked, and it places Shulman on the first board of directors of DTCC. But I didn’t find a direct link between Romney and Schulman, other than the circumstantial evidence of Harvard schooling, both in private equity at different firms, etc. Did I miss something regarding direct dealing between them?

    16. Lila Rajiva says:

      The electorate’s choice is between the hedge-fund candidate who used to be Goldman’s boy, and the private-equity candidate who happens to be Goldman’s boy now.
      Financial fascism circa 1995-2005 or
      financial fascism circa 2005-2015

      • bbhindyou says:

        How much money did it cost to ‘investigate’ whether or not there was enough evidence to prosecute at this time?
        All that could have been saved.
        Lets just quit trying to have a fantasy we are all free and equal under the law and the free market system to live or die, make profit or fail by the same laws and rules for everyone.
        It is their game we are all slave to the master system and if they want something they just take it because everything IS theirs.
        All else is a fantasy.
        If only they could have ASKED 12 jury members of the American people what they thought about it BEFORE dismissing all charges.
        Wonder how those who lost their life savings in this feel right now.
        Oh, wait ,I am one of them and so are you and your children, the taxpayers will pay a LONG time.

    17. Anonymous says:

      Bank refuses to deliver OSTK shareholder paper certificates.

      http://investors.overstock.com/phoenix.zhtml?c=131091&p=irol-newsArticle&ID=1724438&highlight=

      Overstock.com: No Change from Paper Stock Certificates for Shareholders

      SALT LAKE CITY, Aug. 9, 2012 /PRNewswire/ — Overstock.com Inc. (NASDAQ: OSTK), today clarified that it has not opted to participate in the direct registration or “paperless” share certificate system.

      The company issued the clarification today as the result of a report that a large bank had incorrectly informed a shareholder that the company had elected to opt into the electronic, paperless share certificate registration system, and on that basis the bank refused to deliver certificates. The bank then used a different (but equally false) claim as a means of deflecting the investor’s request again. The company notes that the bank was in error.

      “We understand that many banks prefer the paperless system of share certificates to traditional paper certificates. Many do so for their own purposes,” said Patrick Byrne, CEO and chairman of Overstock.com. “However convenient that may be for banks, we believe that shareholders, if they prefer, should have the option to hold their shares in paper certificate form. We also believe that legally, investors do have this right. Through our transfer agent services, we will continue to provide a paper certificate option to the shareholders who express that preference, and encourage investors to disbelieve and question those who tell them otherwise.”

    18. Lenofus says:

      Pretty obvious whose payroll he’s on. Eventually, the dark side has to consume part of itself some part of the being survived. Here’s Weiss and the Hedgies turning on GS. In the end, it will be like the flesh eating bacteria killing the entire host. Except, we die with them.

      I’m learning how to grow vegetables.

    19. Anonymous says:

      Friday, August 10, 2012

      Emails Describe Overstock.com Waging War — On Behalf of its Enemies

      http://garyweiss.blogspot.com/2012/08/emails-describe-overstockcom-waging-war.html

    20. Anonymous says:

      @n-tres-ted

      My bad.
      I need to add commentary to that post.
      I’ve been reading round the subject so it seemed shady to me….but there should be a question mark after the title. Nothing proven yet.

      Here are additional links:

      http://blog.billparish.com/2012/08/09/august-8-2012-why-harry-reid-checkmates-mitt-romney/

      http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts

      http://www.motherjones.com/mojo/2012/07?page=3

      “There aren’t that many people in the “global high-wealth individual” group—only about 8,000 taxpayers a year who have more than $10 million in annual income—and Romney is “exactly the kind of taxpayer the program was designed to look at,” says Rebecca Wilkins, a lawyer at the Citizens for Tax Justice who used to work with rich clients as a CPA. It’s possible for someone with a lot of income, like a corporate CEO, to have a fairly simple tax return, Wilkins says. But Romney’s return from 2010 (the only completed one he’s released so far) weighs in at 203 pages; 55 pages are simply devoted to disclosing the existence of a host of foreign transactions in tax havens like the Cayman Islands. In his domestic portfolio, there’s Romney’s IRA, to which he was legally able to contribute only around $30,000 a year but which is now mysteriously worth between $21 and $102 million. It’s the sort of stuff that the new IRS unit is supposed to vet.”

      So he’s one of only 8000 people, and of those 8000, he is also a fellow alum of Schulman, who is also in the private equity game..and he’s a presidential candidate…how likely is it that they don’t know each other?

      I don’t know.

    21. Tar and feather the bunch says:

      A new book on naked short selling that will knock your socks off. “The Midas Touch” by Cummins and Reed. A must read.

    22. bbhindyou says:

      This is a bit off topic , but funny anyway

      Olympic closing ceremony, Goldman reference?

      Is that a giant octopus or was it a squid!

      http://www.washingtonpost.com/sports/lon….y.html#photo=14

    23. Anonymous says:

      STOP NAKED SHORT SELLING A New Jersey Nonprofit Organization

      http://stopnss.org/spngspongetech.html

    24. Anonymous says:

      CEO of the DTCC is a captured regulator.

      http://c0403731.cdn.cloudfiles.rackspacecloud.com/collection/oral-histories/20110802_Donahue_Donald_T.pdf

      Securities and Exchange Commission Historical Society
      Interview with Donald Donahue
      Conducted on August 2, 2011, by James Stocker

      Check out the interview…

      JS: OK. You just said that there were allegations that some people were intentionally causing these fail-to-delivers in order to manipulate the market. Was there any way to figure out what people were trying to do?

      DD: I think there was such a staggering amount of blather around this whole issue. Overstock – there was a very substantial short interest in Overstock. People thought that it was overpriced, which obviously is what drives a short sale, and there was an expectation that it was going to decline. There was a very substantial fail position that built up in Overstock transactions, for reasons that you really can’t figure out.

      DD: I don’t think anybody talks about naked short selling being an issue any longer

      C A P T U R E D !!

    25. bbhindyou says:

      http://finance.yahoo.com/news/chinese-companies-pull-us-stock-095649722.html

      Is it just me or does there seem to be a silent war going on here.

      http://seekingalpha.com/article/807481-a123-s-chinese-bailout-deal-draws-critics-on-capital-hill?source=yahoo

      http://www.thestreet.com/story/11575766/1/shengkai-innovations-inc-stock-downgraded-valv.html?puc=yahoo&cm_ven=YAHOO

      http://finance.yahoo.com/news/sino-clean-energy-announces-intention-120531050.html

      China seems to be snapping up US companies with technology, natural resources and energy reserves as fast as they can spend their money while providing funds for companies from China to buy back shares of their companies on US markets and come home.
      I think the Chinese get it.
      Who or what ever is driving down US stocks and buying them cheap to go private just got a whole lot of competition.
      I personally think the government of China will win.

      • Anonymous says:

        bbhindyou,

        Wall street has been purposely IPOing fraudulent Chinese companies for the last 10 years. IPO, pump and dump, buy in at the bottom, then ride up with a management buyback — whipping up nationalism as a smokescreen. Corrupt Chinese officials have been in on this since kickback day 1.

    26. Anon says:

      Fareed Zakaria plagiarism global headlines; Weiss remains champion of original thought.

      Time spokesman Ali Zelenko: “What he did violates our own standards for our columnists, which is that their work must not only be factual but original; their views must not only be their own but their words as well,”

      Media frenzy, hourly updates, thousands and news articles, and even comparisons of Zakaria’s ethical lapse to the crimes of Rajat Gupta. Use Search Engines to find articles. So the DeepCapture Analogy Question being posed is:

      Fareed Zakaria:Rajat Gupta :: Gary Weiss: ____?____

    27. eastbayopine says:

      There is NO excuse for this plagarism. There is a company that makes software that catches this is the academic world, and in the publishing world.

      Stealing the narrative, indeed

      http://turnitin.com/en_us/products/ithenticate-for-researchers-publishers

    28. pdf says:

      I hardly leave a response, however I browsed some comments here Barron’s Gary Weiss Caught Plagiarizing Matt Taibbi | Deep Capture. I do have some questions for you if it’s allright.

      Could it be just me or do some of these comments come across like
      they are coming from brain dead people? 😛 And, if you are writing at other online social sites,
      I would like to follow everything fresh you have to post.

      Could you post a list of every one of your social community
      pages like your twitter feed, Facebook page or linkedin profile?

    29. Una says:

      Hi there friends, its fantastic article concerning teachingand
      entirely defined, keep it up all the time.

    30. Sherlyn says:

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