The Markit Group: A Black-Box Company that Devastated Markets
Did a little mystery company in London help hedge funds crash the markets?
Someday I may SAC up and be more explicit about the Sith Lord
Followers of the twisted tale of DeepCapture may remember that on August 12, 2005, I gave a webcast of which I will always remain proud. It was titled, "The Miscreant's Ball".
SAC Capital linked to insider trading? Who knew!
As you encounter conversations on this topic in the days to come, it is a good opportunity to point out that Deep Capture published irrefutable evidence of insider trading at short selling hedge funds SAC Capital, Kynikos Associates and Third Point Partners almost one year ago.
Political Campaigns and Overstock
13 February 2008 by Patrick Byrne
We often receive political complaints at Overstock . I am posting this so that in the future, when customer service agents get harangued by people angry about statements they believe are being made by our decision to advertise certain places or carry certain products or sell certain books, music, or magazines, those agents can just send a [...]
Posted in Take 5 With Patrick - Essays on Unrelated SubjectsComments (30)
NEWSFLASH – A Secret Revealed
12 February 2008 by Patrick Byrne
There is something that I have permission to divulge, but have refrained from doing so. As you will see, there are reasons I must do so now. There are among the Bad Guys some with conscience. Months ago, one from within the network of Bad Guys got in touch with me and turned over 8,000 emails from a [...]
Posted in The Deep Capture CampaignComments Off
The Simple, Literal Explanation
11 February 2008 by Patrick Byrne
The “St. Smallcap” example conveyed the dynamics of the manipulation, but it was only a metaphor. This blog will provide an explanation whose truth is more literal. You and I enter a stock trade. You buy a share of stock from me. You hand over your money, and I hand over the share of stock. That [...]
Posted in The Crime: "Naked Shorts" & Other Insincere IOUsComments (3)
Why Are Fortune Magazine and the New York Financial Media Suddenly Pimping Sam Antar the Crook?
09 February 2008 by Patrick Byrne
I will briefly recount the sordid history of Sam Antar the Crook. Then, and only then, will the reader grasp the import of the question, “Whose interests are being served by the recent promotion of Sam Antar the Crook? Why him, why suddenly, and why now?” 1. In the 1980’s a New York electronics retailer named [...]
Posted in Journalists Tried to Be Players But Became PawnsComments (2)
“On any other day, that might look strange.” – Nicholas Cage, Con Air
29 January 2008 by Patrick Byrne
From: Sam E. Antar [mailto:sam@whitecollarfraud.com] Sent: Monday, January 28, 2008 7:22 PM To: Patrick Byrne Cc: israelk@sec.gov Subject: Overstock.com Fourth Quarter Fiscal Year 2007 Earnings Call Dear Mr. Byrne: This is in response to your email and post on the InvestorVillage Board (see below). At your third quarter fiscal year 2007 earnings conference call, you had asked if I was [...]
Posted in Take 5 With Patrick - Essays on Unrelated SubjectsComments (1)
Unsettled Trades: Jobs Destroyed, Firms Ruined, Pensions Looted
28 January 2008 by Patrick Byrne
The proliferation of unsettled trades in a firm’s stock disrupts the market’s ability to find the true market-clearing price for that stock. As a result, a troubled firm that comes under such an attack will be prevented from selling any stock into the capital market in order to raise capital to fund its ongoing operations. [...]
Posted in Ruined Firms & Looted PensionsComments (3)
Coming soon – Unsettled Trades & Corporate Governance
26 January 2008 by Patrick Byrne
I mention on the front page of Deep Capture that I am writing these chapters one-by-one, section-by-section, and not in any special order (at least, not in one I will reveal here). You are reading this because I have yet to post an opening blog for the chapter, “Corporate Governance Has Become a Hoax.” That’s OK: continue clicking down [...]
Posted in How Corporate Democracy Became a HoaxComments (2)
Wall Street Captures the SEC
26 January 2008 by Patrick Byrne
For reasons that will eventually become clear, in early 2005 I began to believe that the SEC was behaving oddly, that is, in a manner inconsistent with its duties as a regulator. By the summer of 2005 I began publicly stating two hypotheses for this behavior. The first was that the SEC had been captured; [...]
Posted in Our Captured Federal Regulator the SECComments (4)
“Capture” Explained
26 January 2008 by Patrick Byrne
In the late 19th century the work of governing the United States began its partial shift from legislatures to regulators. In 1887 the U.S. Interstate Commerce Commission was founded, and has served as a cautionary tale ever since. The ICC was established to regulate the railroads but was quickly subverted by the industry it was [...]
Posted in Our Captured Federal Regulator the SECComments (5)
Slow Learner
26 January 2008 by Patrick Byrne
The second time I heard the joke I was standing on a hilltop in the middle of the night overlooking Kabul, Afghanistan in February, 2004. I finally got the joke that second time I heard it, but only because I had just had the same gag pulled on me while appearing on CNBC’s Kudlow & [...]
Posted in Journalists Tried to Be Players But Became PawnsComments (2)
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- "Do I Live in a Synthetic Reality?" Do-It-Yourself Home Test
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- Michael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 1 of 15)
- Email Exposes Short Seller Plot to Destroy a Public Company
- Sam Antar: PS So May We Go with “Jamook”?
- The Markit Group: A Black-Box Company that Devastated Markets
- Someday I may SAC up and be more explicit about the Sith Lord
- SAC Capital linked to insider trading? Who knew!
- SEC brings another case against naked short sellers
- Sam Antar: PS And is that Mr. Goniff?
- Did Hayman Capital Help Destroy Bear Stearns?
- Congress prepares to bypass impotent SEC
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- On Rolling Stone, Penson Financial, the Mafia, and Naked Short Selling
- Redwood: It's a long story and I don't know that I'm best q...
- Fred: Redwood --- Interesting piece re Fairfax delis...
- g2nosis: Excellent work, Mr. Mitchell. Thank you....
- Jim Hall: Likewise, take Blankfein as well - he's no differe...
- Jim Hall: Sammy, OSTK is no longer effectively being stunted...
- blackbart: Sammy...why do you think that any public company s...
- : No offense, but shouldn't a discussion of Overstoc...
- Redwood: Slightly off topic, but Fairfax Financial Holdings...
- sean: Sam, tell your boys its almost over!Read this and ...
- sean: Hey Sam, were you on this conference call?.. If no...
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