Spyro Contogouris and the gentle art of hedge fund persuasion

24 December 2008 by

Among the disturbing facts contained in the recently unsealed documents obtained via discovery in the Fairfax Financial (NYSE:FFH) vs. SAC Capital, et al, lawsuit are the lengths to which short-selling hedge funds go to attack the leadership of the companies they’ve designated for destruction. In the case of Fairfax, when the work of corrupt Morgan [...]

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Posted in AntiSocialMedia with Judd Bagley, The Deep Capture CampaignComments (35)

Rocker Partners and Bethany McLean: the smarmiest guys in the room

21 December 2008 by

the evidence shows that Marc Cohodes of Rocker Partners hedge fund first approached Bethany McLean about Fairfax on December 7, 2006. Bethany then met with Rocker Partners employee (and former SEC attorney) Richard Sauer 11 days later, and presumably began work on what would become her March 6, 2007 article The inside story of a Wall Street battle royal shortly thereafter.

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Posted in Journalists Tried to Be Players But Became Pawns, The Deep Capture CampaignComments (40)

The word on TheStreet.com

18 December 2008 by

One of the central theses of The Story of Deep Capture, Mark Mitchell’s epic work of media criticism, is that the staff of TheStreet.com is overwhelmingly beholden to the interests of a few criminal, short-selling hedge funds. Herb Greenberg, Dan Calorusso, Dave Kansas, Jesse Eisenger: all launched their careers at TheStreet.com. Such an ignominious list [...]

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Posted in The Deep Capture CampaignComments (39)

Introducing John Hempton: the Plunderer from Down Under

17 December 2008 by

While an examination of the recently-unsealed products of discovery in the Fairfax Financial (NYSE:FFH) vs. SAC Capital, el al, lawsuit reveals the extensive involvement of most all the usual players -- both in the world of hedge funds and business journalism -- one name, mostly unknown to those outside Fairfax circles, appears quite prominently: John Hempton of Sydney Australia.

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Posted in AntiSocialMedia with Judd BagleyComments (13)

Bethany McLean: your benefit of the doubt is hereby revoked

16 December 2008 by

There’s no sense denying it: reporters depend on sources, and in the mind  of most business journalists, a connected hedge fund manager will always prove a more valuable source than even the CEO of a public company. Hence, as I’ve reminded my fellow market reformers time and time again, it is not necessarily a sign [...]

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Posted in Journalists Tried to Be Players But Became Pawns, The Deep Capture CampaignComments (56)

Carol Remond Tells a Joke She Doesn’t Get (DowJones)

15 December 2008 by

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 [...]

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Posted in Journalists Tried to Be Players But Became Pawns, The Deep Capture CampaignComments (19)

A Ponzi Scheme that is Bigger than Bernard Madoff’s

13 December 2008 by

Bernard L. Madoff’s fraud is “stunning,” says the SEC. It is a crime of “epic proportions.” But, says the SEC, we have nothing to worry about. The SEC caught the bad guy. It “moved swiftly” to protect the integrity of the financial markets. Nonsense. The only thing “stunning” is that the SEC continues to condone [...]

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Posted in The Mitchell ReportComments (50)

Naked short selling hedge funds: is it ESP or just FTD?

10 December 2008 by

Bidz.com is an online auction company which went public in May of 2007. Take a look at the company’s relatively short price history, to see if you can spot the abrupt 49% drop. (If you chose November 23-28, 2007 you win the Deep Capture home game!) To better understand what was going on during those four [...]

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Posted in Deep Capture the DataComments (23)

Regulators Spring Into Action Against Naked Short Sellers. Or not.

07 December 2008 by

As is explained in numerous pieces in DeepCapture, there are many cracks in the settlement system, one of them being the DTCC’s Continuous Net Settlement system, or CNS. I am highly confident that the federales (at least, the SEC) are not permitted to explore the other cracks, that the failures to deliver that they see within [...]

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Posted in Deep Capture the Data, Our Captured Federal Regulator the SEC, Unsettled Trades & Systemic RiskComments (36)

Hedge Funds to US Soldiers: “I need a Maybach, so… You can all die too.”

06 December 2008 by

This story gets told in pictures, mostly. Take a Mercedes, stir in a couple hundred thousand dollars, and you get a car called a Maybach. Hedge fund guys in New York and Connecticut buy them. =========================================================================================================== This is a Humvee. US military personnel drive them around war zones. =========================================================================================================== This is an Improvised Explosive Device. Extremists set [...]

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Posted in Deep Capture the Data, Ruined Firms & Looted PensionsComments (18)

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The Miscreants' Global Bust-Out

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