Fairfax and just the facts, Ma’am.

10 September 2008 by

Evidence of corruption and market manipulation among stock researchers and short selling hedge funds? That sounds suspiciously like the claim Deep Capture reporter Patrick Byrne has been making, ad nauseum, for over three years.

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Posted in AntiSocialMedia with Judd BagleyComments (5)

David Einhorn, Cheryl Strauss, and the “Unavailable” Bethany McLean

05 September 2008 by

As will be explored in a subsequent piece, it would be fair to describe my relationship with Bethany McLean of Fortune as “strained”. However, it is not unusual for her to write or call me seeking comment, generally regarding spurious allegations fed her by crony hedge funds which she dutifully regurgitates on command, and sometimes [...]

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Posted in Journalists Tried to Be Players But Became Pawns, The Deep Capture CampaignComments (13)

Anti-Investigative Reporter Joe Nocera and The Newspaper of Non-Record (New York Times)

04 September 2008 by

Joe Nocera has a problem. Nocera’s problem is not what Apple CEO Steve Jobs thinks of him (“Steve Jobs Doesn’t Have Cancer, Calls NYT Columnist a ‘Slime Bucket’“). No, Joe’s problem is that the naked short selling issue went mainstream this summer. In the last 6 weeks there have been literally hundreds of articles that describe the [...]

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Posted in Journalists Tried to Be Players But Became Pawns, The Deep Capture CampaignComments (48)

Was Dan Loeb’s capital allied with David Einhorn’s?

27 August 2008 by

Mega-hedge fund manager Daniel Loeb recently disclosed a double-whammy to his investors: substantial losses early in the third quarter of 2008, and the initiation of a formal SEC investigation into the operation of Loeb’s fund, Third Point Partners.

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Posted in AntiSocialMedia with Judd BagleyComments (1)

Daniel Loeb is Mr. Pink and more

21 August 2008 by

The Silicon Investor stock message boards have Mr. Pink. The Yahoo Finance stock message boards have Mr_Pink_esq. In this legal filing, hedge fund manager Daniel Loeb admits that he is the Mr. Pink of Silicon Investor. According to this Wall Street Journal story, Loeb insists that he is not Mr_Pink_esq of Yahoo Finance. Loeb, as it turns out, is not telling the truth, and here’s how I know it...

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Posted in AntiSocialMedia with Judd BagleyComments (1)

Media Herd Lassoed by a Lie

19 August 2008 by

In the middle of last week, a previously unknown professor in Switzerland published a report that purported to show that the SEC’s emergency order preventing naked short selling in 19 financial companies had been a mistake. By the end of Friday, that report had become the basis for stories by reporters at the Wall Street Journal, the Financial Times, the Economist, TheDeal.com, Dow Jones Newswires, Reuters, and Hedgeworld.

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Posted in The Mitchell ReportComments (1)

Mr. Norris, We’re Here to Help

14 August 2008 by

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.

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Posted in The Mitchell ReportComments (0)

5,000 Words About An Obscure Bad Newswire Reporter

12 August 2008 by

The ever cuddly Carol Remond (“I’m going to shred this guy to bits,” she said of Deep Capture reporter Patrick Byrne) has published yet another defense of criminal naked short sellers. In a recent column for Dow Jones Newswires, Carol writes that the SEC should think twice about cracking down on the criminals because some of the people (she names four) who have complained about illegal naked short selling have run into legal problems of their own.

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Posted in The Mitchell ReportComments (1)

A Peace Sign for Wall Street

03 August 2008 by

Greetings, and peace. As we Irish say, “I’m sorry for your troubles.” In today’s Salt Lake Tribune there is a story that is 100% correct: two years ago an elder statesman of the hedge fund industry sat me down to tell me that I had become the most hated man in living memory in New [...]

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Posted in Unsettled Trades & Systemic RiskComments (3)

Wall Street to USA: “I…drink…your…MILKSHAKE!”

02 August 2008 by

The closing minutes of “There Will Be Blood” handily dramatizes naked short selling and, more generally, Wall Street’s relationship to the United States (WARNING: movie spoiler).

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Posted in The Deep Capture CampaignComments (0)

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