START using the term: COUNTERFEIT STOCK. People understand that.

http://www.youtube.com/watch?v=aj-_YU09NLc

Some people when stressed use a technique to label their critics with the defect that they themselves possess. Calling you a “PR Professional” demonstrates what they really believe about themselves.

Out of one side of their mouth they claim “we missed the crisis, we have to try harder”, out of the other side “we don’t want anyone who might actually help us try harder”.

It reminds me of when I watch business TV – one commentator talks about how “the game has new rules”, another talks about how “we need to build confidence”. It doesn’t take a genius to understand they’re saying “we need to build a new confidence game”.

Keep up the excellent work.

Why The SEC Needs Investigation

By Edward Manfredonia

May 2nd, 2009

[Policing Wall Street]

The Securities and Exchange Commission (SEC) has been investigating illegal short sales in stock and the manipulation of the media by short sellers.

Yet, the SEC itself needs careful investigation to expose how the SEC’s own several transgressions led us into the mess on Wall Street. If the Barack Obama Administration launched a website to invite whistleblowers to submit information, including documentation about the SEC’s coverups, so much information would flow that the site would crash within a few hours.

Some background: A short seller is someone who sells stock of a publicly traded corporation without actually owning the shares of the publicly traded company. Short selling of a stock has become a topic of importance since the collapse of Bear Stearns in March 2008; the harbinger of the current financial debacle.

Currently, the SEC has asked for comments regarding the short sale of stock and has a deadline of June 29, 2009 for comments. Yet, had the SEC always been diligent in its work, much of the problems we face today on Wall Street might have been prevented.

My background includes being a trader on Wall Street many years ago as most readers of my column know. In 1999, I collaborated with a reporter named Gary Weiss, as a major source, for an article “Scandal on Wall Street,” that appeared in the April issue of Business Week. Afterwards Weiss seemed blinded by the light. We later had a falling out over some not-factual reporting that he did; this is a topic for a different column.

While we were working on the 1999 article, in September 1998, we had frequent meetings in his office at Business Week. I was present on numerous occasions when Weiss received increasingly desperate sounding telephone call from a man named Manuel Asensio, a notorious short seller.

Read the rest of the article here

http://blackstarnews.com/?c=135&a=5642

“The WOR$T $lide $tory”

which is about the financial crisis we are in:

http://www.newsday.com/media/flash/2009-04/46217527.swf

Perhaps they don’t want you in the membership because they are a corrupt organization and you can’t be a Made Man. The defining moment for SABEW was Dan Colaruso showing the type of journalism that they practice: biased, debased and vendictive. “We have barrels of ink…

Their error is that you would put a trustworthy person in the group and they could use that to show that they weren’t corrupt. They twist their own rules to exclude you when it would be to their advantage to include you. They didn’t do any research into Deep Capture or they would have found that their reasons they gave were false. They found the articles about their various members who in an honest organization would be purged. This is another example that self-regulation doesn’t work.

You make them uncomfortable. If Colaruso and his ilk think that they have accomplished something by excluding you, they are sorely mistaken. And it is all documented right here.

When you were trying to warn people about the systemic risk that threatened the economy, Colaruso was trying to “crush you”. These particular writers didn’t just miss the causes of the meltdown, they were anxious to cover them up. If they hadn’t been aware of what was going on, they would not have tried so hard to discredit you and keep your message from being heard. The irony is that with the failing economy, many of the members are losing their jobs.

There are journalists who have done a commendable job. Lucy Komisar and Pam Martens have been very vocal about the players and the risks. They are encyclopedic in the amount of information that they have uncovered and made public.

http://investorvillage.com/smbd.asp?mb=3532&mn=35090&pt=msg&mid=7177459

We all know that the swine are unwell lately, don’t we?

I know Boyd and I have Coram’s book. Marvelous biography of a great man.

Sarge,

Thanks for the kind words. I enjoy yours as well. I cannot wait until we have a social media component to DeepCapture, for folks like you.

Patrick

Think about it. You hold your cash with banks and your stock with brokerages and they take your money and stock and treat it as their own. They even lie to you, selling your shares, then still sending you a brokerage statement that make believes they are still there.

Groucho Marx.

I am reminded of a great quote from the late Col. John Boyd. You may not be familiar with Col. Boyd; but I am sure you are familiar with some of his work, as his OODA loop has permeated the business world. The story and work of John Boyd is not just that of a great strategist, but it is also an inspiring tale for any maverick who challenges conventional wisdom. This passage, from Robert Coram’s “Boyd: The Fighter Pilot Who Changed the Art of War”, illustrates perfectly the difference between yourself and the rest of the Deep Capture team on one hand, and the likes of SABEW and its members on the other:

“Tiger, one day you will come to a fork in the road,” he said. “And you’re going to have to make a decision about which direction you want to go.” He raised his hand and pointed. “If you go that way you can be somebody. You will have to make compromises and you will have to turn your back on your friends. But you will be a member of the club and you will get promoted and you will get good assignments.” Then Boyd raised his other hand and pointed another direction. “Or you can go that way and you can do something–for your country and for your Air Force and for yourself. If you decide you want to do something, you may not get promoted and you may not get good assignments and you certainly will not be a favorite of your superiors. But you won’t have to compromise yourself. You will be true to your friends and to yourself. And your work might make a difference. “To be somebody or to do something. In life there is often a roll call. That’s when you will have to make a decision. To be or to do? Which way will you go?”

The likes of SABEW have chosen to be somebody; the image of journalists. They are poseurs with a dangerous sense of self importance, who have been phoning it in for the last 15 years.

You, Dr. Byrne, you have chosen to do something at life’s roll call. I thank you for that.

Journalists tend to shy away from stories that require analytical skills to investigate and comprehend as they are ill equipped to deal with them. Unfortunately, the world has grown increasingly technical and complex, rendering traditional journalists increasingly irrelevant.
Best,
zino

This is one of your best contributions.

What is most astounding is that the final reason given for the rejection of your application is your supposed status as a public relations man for Overstock. This from a group of ignoramouses who view their role as nothing more than providing a soapbox for various corporate big shots and “legendary investors” to spout generalities in support of their business and trading strategies.

All of SABEW is nothing more than a public relations organization for big business and hedge funds. Expecting any SABEW member to have uncovered in advance the huge economic collapse is exactly the same thing as expecting a corporate PR firm to uncover fraud and malfeasance within the corporation that is paying their salaries. It just isn’t part of the job description.

All of SABEW missed the crash not because they were “blinded by faith in free markets and derugulation”. They missed it because they long ago abandoned even the most basic and fundamental training they received back in Journalism 101, and, instead, substituted what they learned as cheerleaders.

Douglas