19 January 2009 by Mark Mitchell
Bernard L. Madoff was once the chairman of the NASDAQ stock exchange. He was one of the most important market makers on Wall Street. And he managed what was, by some estimates, the largest hedge fund on the planet. Yes, Bernard Madoff was an impressive man. That much was clear even before we learned that [...]
18 January 2009 by Patrick Byrne
The new (Jan-Feb) issue of Mother Jones includes an article dismissive of DeepCapture, giving this site a 4 out of 5 on their tinfoil-hat meter without pretense of contradictory argument or evidence. Instead, Elizabeth Gettelman (research editor of Mother Jones) simply says “Fuhgeddaboutit” regarding DeepCapture’s thesis (which she also distorts). As far as I can [...]
13 January 2009 by Judd Bagley
Though the results will not be certified until Thursday, January 15, it would appear Deep Capture will be named Best Business Blog of 2008, and by a rather comfortable margin.
06 January 2009 by Evren Karpak
On September 18, 2008, the SEC announced an emergency ban on short-selling. 797 tickers belonging to companies in the financial industry could not be shorted for the next three weeks. This was a drastic if temporary move, cutting off short activity cold-turkey to save the patient. Or, so it seemed at the time. The rule [...]
03 January 2009 by Judd Bagley
Fairfax Financial Holdings (NYSE:FFH) was first listed on the NYSE on December 20, 2002. During its first 15 trading days there, volume averaged well under 180,000 shares. Then, on January 16, 2003 FFH volume exceeded 500,000 shares on an otherwise uneventful day in the life of a Canadian insurance company. The next day, January 17, [...]
01 January 2009 by Judd Bagley
Voting does not open until January 5th, but until then, bookmark this link and prepare to vote early and often (as often as the rules allow, but no more, please) for Deep Capture as the best business blog of 2008.
31 December 2008 by Patrick Byrne
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 [...]
31 December 2008 by Judd Bagley
Yesterday we received an unexpected bit of good news: Deep Capture is a finalist in the competition for best business blog in the 2008 Weblog Awards. Apparently, we were nominated by one of you (thanks, whoever you are!) and then selected by a panel of judges to advance to the final round, where, as I [...]
30 December 2008 by Patrick Byrne
Summary – This post contains two emails I sent Fortune Magazine regarding Deep Capture’s work documenting an inappropriate relationship between journalist Bethany McLean and hedge fund Rocker Partners. If after reading this you agree that mine were fair questions deserving of reply, then please do me this small service: write Fortune and tell them you [...]
29 December 2008 by Judd Bagley
In a recent interview, SEC whistleblower Gary Aguirre offered his insights into the regulatory failings that allowed the Bernie Madoff scheme to reach such enormous proportions for so long. Aguirre places particular blame upon the “revolving door” culture that hangs over the SEC’s workforce, with its attendant promise of a lucrative move to the private [...]