What should we learn from the fact that “The Daily Show’s” Jon Stewart has in four evenings (1 2 3 and 4) exposed Jim Cramer in a way that, in any sane world, he would have been exposed a decade ago? To answer that, consider these associated facts: while the Jim Cramer constellation of journalists (Mitchell’s Media Mob) backed each other up while covering-up the subject of criminally abusive short selling by hedge funds to whom they were close, four channels of the media broke rank:
- Two years ago Bloomberg’s Emmy Award-winning investigative journalist Gary Matsumoto did a half-hour documentary that broke away from the Party Line;
- Liz Moyer at Forbes has covered the real issues fairly and diligently, and another Forbes reporter named Nathan Vardi took a good swipe at the story (“Sewer Pipes“);
- Rolling Out Magazine (“an UrbanStyle Weekly serving the African American community”) called me up a couple years ago and did precisely the fair, non-disorted interview of which the remainder of the New York financial media was entirely incapable;
- Now, “The Daily Show” has broken ranks by stating the obvious: there are journalists shilling for favored hedge funds.
Could the lesson be that the first news organizations that can break ranks with the Party Line are either fringe (“Rolling Out Magazine” and “The Daily Show”) or the properties of billionaires (Bloomberg and Forbes) who cannot be intimidated?
Perhaps someday, a journalist will look into the pressures that were brought on news organizations (e.g., on Bloomberg leading up to their running “Phantom Shares“). Just a few weeks ago I got the story, again, from a journalist: “I was working on a story about naked short selling and Deep Capture. Then, suddenly I was stopped. It’s weird because I have been a journalist here for 9 years. I have built a great reputation with my editor, and have never had a story interfered with. But I got a couple months into this story, and suddenly I was stopped from above. I’ve never seen that happen before.” I replied, If you only knew how many times a journalist has said that to me in the last couple years….
If this essay concerns you, and you wish to help, then:
1) email it to some friends;
2) go here for additional suggestions: “So You Say You Want a Revolution?“
Dr. Jim DeCosta,
You stated:
“In the other market which is invisible to us the “supply” variable is made up of legitimate shares only. These have a corresponding paper-certificated share in existence to justify their existence. The only way to access this market is to put in a buy order under a “guaranteed delivery” basis.”
Could you expand on the exact meaning of >> “guaranteed delivery” basis?
Keep voting for Patrick and fill out the comment fields why he should be on.
http://guests.dailyshownews.com/akira/dtd/16867-2313
Now they are checking to see if Patrick will be on tonight. I was told by my source it was definite but obviously he may have been mistaken. Sorry folks. I will keep everybody posted.
* * * * *
http://www.nowpublic.com/tech-biz/jim-cramers-nemesis-patrick-byrne-daily-show
The official Daily Show website shows a different guest tonight, but sometimes Jon will bring someone out for a short interview during the middle segment of the show, so it’s still possible. I’d like to know where this original rumor started though.
I would love to see him on the Daily Show. I think it is better for him to go on sooner rather than later. The general public is so fickle, we need him to speak up while we have their attention.
I’ve been posting on different investing blogs about where to vote. Be sure to do the same.
Those votes are really coming in now!!!
Are we sure that this is the location to cast a vote for Patrick’s appearance on the Daily Show:
http://guests.dailyshownews.com/akira/panel.do?id=2313
It appears this is the location for it:
http://forum.thedailyshow.com/tds/board?board.id=guest-suggestions
Whatever happened to the FBI and Grandstander Cuomo’s investigation of manipulation of CDS, shorting, and collusion aimed at David Einhorn of Greenlight?
Instead, Cuomo is waving his publicity-seeking arms for attention regarding Merrill bonuses.
SEC?
FBI?
Now Cuomo is going after Bonuses by AIG…..Gotta love those civil charges threats…
http://www.iht.com/articles/2008/10/16/business/pay.php
Gawd, CuomoTose is sooooo transparent.
Might as well hang a sign on him:
“Hedgefund contributions welcome!”.
On the redesign suggestions: it is coming. The last month or so we have started getting serious about the technology behind DeepCapture.
Maybe as early as this week.
Dr Byrne,
Can you answer whether you will be on Daily show tonight ? We are rootin’ for ya !!!
Dr. Byrne was on the Daily Show, but on a gag sketch. It was discussing naked shorting but in an unserious manner. He needs to be the sit down guest.
I feel a momentum shift.
Posted a diary on DKos yesterday.
http://www.dailykos.com/story/2009/3/15/708467/-The-Financial-Terrorists-of-Wall-Street—The-Truth-Behind-a-Curtain-of-Silence
Part II of the Blacklist – 55 Most Wanted, Jacks and Jokers:
http://deepcapturenotes.wordpress.com/2009/03/17/blacklist-deck-of-55-most-wanted-part-ii/
Oilwellian,
Thank you for the link to the story:
The Financial Terrorists of Wall Street – The Truth Behind a Curtain of Silence…
by KathrynW, posted on Sun Mar 15, 2009 at 10:14:30 AM PDT
On this page you will find a YouTube video inspired by a DeepCapture.com story about Force Protection, Inc.
KathrynW, thank for creating this video. I would suggest that you add some text with arrows to show the declining price of the stock and the increase in the number of phantom share – their inverse relationship.
Here is the closing paragraph of this story:
“Do you still feel safe with your investments? Who is more of a threat to our way of life, Al Qaeda or these Hedge Fund managers, (with the consent of Congress, the SEC, and financial media outlets) who have financially raped thousands of corporations and their investors, pumped billions of phony shares into our markets, and stifled the very essence of entrepreneurship in America? It’s time for a serious change in how we do business and how we enforce our laws.”
( http://www.dailykos.com/story/2009/3/15/708467/-The-Financial-Terrorists-of-Wall-Street—The-Truth-Behind-a-Curtain-of-Silence )
Here is the YouTube link to KathrynW’s video on Force Protection, Inc.:
( http://www.youtube.com/watch?v=t5put3e8MQo&eurl=http://www.dailykos.com/story/2009/3/15/708467/-The-Financial-Terrorists-of-Wall-Street—The-Truth-Behind-a-Curtain-of-Silenc&feature=player_embedded )
I like KathrynW’s title for her story, and I’am thinking this morning that I should entitle my letter to Congress as:
The Wall Street Counterfeit Machine – The Financial Terrorists of Wall Street…
WSJ Yesterday reported that…
… MANY BIOTECHS WILL GO UNDER THIS YEAR:
>> “WE’LL LOSE 100″ OF THE PUBLICLY TRADED BIOTECHS THIS YEAR” <>>Destroying Companies For Profit – Current Video
( http://current.com/items/89439340/destroying_companies_for_profit.htm )
Here is another video explaining HOW The Wall Street Counterfeit Machine – The Financial Terrorists of Wall Street tried to destroy a company called “Force Protection, Inc”….
( http://www.youtube.com/watch?v=t5put3e8MQo&eurl=http://www.dailykos.com/story/2009/3/15/708467/-The-Financial-Terrorists-of-Wall-Street—The-Truth-Behind-a-Curtain-of-Silenc&feature=player_embedded )
Trying Again – Previous message truncated……
WSJ Yesterday reported that…
… MANY BIOTECHS WILL GO UNDER THIS YEAR:
>> “WE’LL LOSE 100″ OF THE PUBLICLY TRADED BIOTECHS THIS YEAR” <>>Destroying Companies For Profit – Current Video
( http://current.com/items/89439340/destroying_companies_for_profit.htm )
Here is another video explaining HOW The Wall Street Counterfeit Machine – The Financial Terrorists of Wall Street tried to destroy a company called “Force Protection, Inc”….
( http://www.youtube.com/watch?v=t5put3e8MQo&eurl=http://www.dailykos.com/story/2009/3/15/708467/-The-Financial-Terrorists-of-Wall-Street—The-Truth-Behind-a-Curtain-of-Silenc&feature=player_embedded )
Trying again… previous message truncated – trying without links…..
———————————————
WSJ Yesterday reported that…
… MANY BIOTECHS WILL GO UNDER THIS YEAR:
>> “WE’LL LOSE 100″ OF THE PUBLICLY TRADED BIOTECHS THIS YEAR” <>>Destroying Companies For Profit – Current Video
Big pharmaceutical companies have spent billions of dollars to buy other drug giants lately, leaving behind small biotech companies that can no longer find investors.
The biotech industry had thrived as a new-drug incubator for big pharma companies, which poured money into acquisitions and partnerships to build up their biotech-drug product line. Some of that is still happening, but most sources of investment funding have dried up in recent months.
Since November, 10 biotechs have declared bankruptcy, says Ellen Dadisman, a spokeswoman for the Biotechnology Industry Organization. Meanwhile, 120 of the 360 publicly traded biotechs have less than six months of cash left, compared with just 12 companies in that position a year ago, according to Burrill & Co., a venture-capital concern in San Francisco that follows the industry.
[biotech and financing]
Last week, Altus Pharmaceuticals Inc., based outside Boston, said its auditors doubt it can make it through the year without additional cash. To save money, the company has canceled development work on a potential drug for cystic fibrosis.
Isolagen Inc. has positive data on its experimental skin treatment and has filed for U.S. Food and Drug Administration approval. But the Exton, Pa., company says it has only three weeks of cash left before it will need to cease operations or file for bankruptcy protection.
G. Steven Burrill, who heads Burrill & Co., says, “We’ll lose 100″ of the publicly traded biotechs this year as companies fail or get taken over.
The essential reason so many biotechs will go under this year IS NOT BEING REPORTED by the Financial Press.
The Essential Reason for so many bankruptcies is:
The Wall Street Counterfeit Machine – The Financial Terrorists of Wall Street…
The sad truth is that the biotechnology industry has been a favorite target for the Shorting Hedge Funds that use counterfeit shares (FTDs – Fail To Delivers) to drive down the price of biotech stocks with the goal of driving them into bankruptcy – to make more money. They simple sell stock shares they do not borrow nor own, never intend to deliver, and never deliver. This simple illegal activity, counterfeiting, is self-fulfilling.
These Counterfeiting Hedge Funds as Guests of Market Makers use the “Madoff Exemption” to manipulate the stocks of biotechs anytime they want to.
Here is a video that explains HOW…
The Wall Street Counterfeit Machine – The Financial Terrorists of Wall Street…
DESTROY COMPANIES and DESTROY OUR INVESTMENTS in such companies, as biotech companies:
>>>Destroying Companies For Profit – Current Video
( http://current.com/items/89439340/destroying_companies_for_profit.htm )
Here is another video explaining HOW The Wall Street Counterfeit Machine – The Financial Terrorists of Wall Street tried to destroy a company called “Force Protection, Inc”….
( http://www.youtube.com/watch?v=t5put3e8MQo&eurl=http://www.dailykos.com/story/2009/3/15/708467/-The-Financial-Terrorists-of-Wall-Street—The-Truth-Behind-a-Curtain-of-Silenc&feature=player_embedded )
When do they stop lionizing, and start prosecuting, this POS:
http://seekingalpha.com/article/126427-greenlight-capital-looks-to-build-on-lehman-short-success
The video clip that Jon used so effectively during the interview has been effectively scrubbed from the internet.
Unsurprising, but still rather sad…
Curious,
It may have been scrubbed elsewhere, but it is still available on this DeepCapture essay from March, 2008. http://www.deepcapture.com/jim-cramer-is-a-complicated-man/
Somehow, I don’t think I’ll be hearing from any of Jim Cramer’s lawyers about it.
Patrick
I tell people they will be a lot happier overall if they stopped watching television, specifically the television news. ,