Today’s late-morning mailbag brought quick response from Mr. Henry Blodget.

Last night, CNBC’s Jim Cramer interviewed Senator Ted Kaufman about the problem of abusive short selling.

I did not really have a burning desire to join SABEW. To steal a page from Groucho Marx, I wouldn’t want to join any club that would have SABEW members as members.

One of the arguments made with metronomic regularity by those defending illegal stock manipulation then unthinkingly regurgitated by their lapdog financial reporters is this: Prove the harm caused by illegal naked short selling. Well, here is a good example.

As a rule, I avoid criticizing individual public servants. Elected officials are fair game, in my view, but not public servants. They do not wake up and go into work wanting to do a bad job, I know, and I have had too many tailwinds in life to criticize wantonly people who devote themselves to [...]

(return to The Story of Deep Capture, Part 2)
But America’s leading financial journalists have been busy. In January 2006, just days after The Wall Street Journal’s glowing profile of David Rocker, Tim Mullaney of BusinessWeek emails Patrick with a list of “Just admit it – you slit your girlfriend’s throat” style questions provided to him [...]

Summary – For over 10 years Gary Weiss (once a reporter with BusinessWeek, and recently, a columnist with Forbes) has been posting under fake names to confuse, distort, and hijack Usenet groups, stock message boards, and Wikipedia, using social media to prevent the public from understanding criminal activity.
I now turn to Gary Weiss. Last [...]

Summary – Carol Remond recently wrote a defense of the meltdown of Rocker Partners (a.k.a. Copper River), her argument being, Rocker Partners shut down through no fault of their own, but because starting in September they were not allowed to break the law anymore.
Before publishing the following critique of Carol Remond’s recent article on Copper [...]

Floyd Norris of Times Misses Story About Phantom Stock at Deutsche Bank

Floyd Norris of the New York Times has written a column about the SEC’s recently expired “emergency order” preventing naked short selling of 19 financial stocks. His argument is…Actually, I have no idea what Mr. Norris is trying to tell us.