This episode examines the state of the news media, and the apparent bias business writers have against stocks targeted by illegal naked short selling hedge funds.
As an example, I take a look at a specific instance of business journalists continually getting one key fact wrong in their reporting, and the unwillingness of the Wall Street Journal — even when confronted with the truth — to correct the error.
Click here to read the original WSJ story (as reprinted in the Seattle Times).
Also, a transcript of this episode is available here.
Theme music for the Deep Capture Podcast composed by Derek K. Miller.
This series of podcasts has been eye opening and frankly some of the best audio financial investigative reporting I have ever heard. Although I had had some suspicions that these crimes were being committed right under the nose (and possibly with the compliance) of the regulators, I was still flabbergasted when I heard your podcasts.
Judd, please keep up the podcast effort. Episode 3 in July 2008 seems to be the last one posted. So much has happened since then and I would love to hear this podcast cover those dramatic events (Lehman, Madoff, TARP, the list goes on and on).
There is another crime in progress that you may want to report on. This is the short manipulation of the global silver market by 2 major banks with the seeming compliance of the CFTC. Ted Butler, who has been studying the silver market for decades and is no doubt the best silver market analyst alive today, is the person who has uncovered this crime. You can read his commentaries at http://www.investmentrarities.com/.
Judd, I plead for you to continue with the podcast. It is an important and valuable service. Historians in the future will study today’s and it is important that audio reporting like yours becomes part of the record.
Kind regards and all the best,