Search results for: nocera

And the Beat Goes On…. (Jim Cramer, Joe Nocera, & Doug Kass)

I’m pretty sure that someone out there wants the finance system to crack. Not that anyone’s wrong to suspect it might crack: I’m the last guy on the planet that can be accused of...
Patrick Byrne
4 min read

NYT's Nocera Digs Deep Into Naked Short Selling Scandal

In testimony before Congress yesterday, Richard Fuld, the former CEO of Lehman Brothers, said that (criminal) naked short selling precipitated the demise of Bear Stearns and Lehman, and nearly toppled Goldman Sachs and Morgan...
Patrick Byrne
3 min read

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

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...
Patrick Byrne
18 min read

The SEC Declares Emergency, and Joe Nocera Yammers On

Naked short selling and phantom stock causes the SEC to declare emergency; Joe Nocera and affiliated journalists continue to deny there is a problem.
Mark Mitchell
8 min read

Philosophy, Poker, & Pigeons

“If you ever sit down at a poker table and in 15 minutes you haven’t figured out who the pigeon is, you’re the pigeon.” – Charlie Munger “When a true genius appears, you can...
Patrick Byrne
16 min read

A Respectful Invitation to All Hoodlums, Cutpurses, Thugs and Assorted Miscreants Named Herein

Mark Mitchell’s writings seem to be striking a nerve, at last. After months of no response but silence, in the last few weeks DeepCapture has suddenly been receiving all manner of Nasty-Grams and intimidating...
Patrick Byrne
1 min read

Rut Roh. The “Stock Manipulator” Meme Finally Escapes the Box. Somebody Call Somebody.

“Minkow’s manipulation of the market … caused a severe drop in the stock prices of a large local corporation. This type of deceit and abuse of trust will not be tolerated… we will investigate...
Patrick Byrne
6 min read

Memo to Barry Minkow and Sam Antar: Roll Early, Roll Often

An email Sam Antar sent on May, 2010 puked out of my junk email folder today.  Note that besides addressing it to me,  the board of directors of Overstock,  Overstock’s president Jonathan Johnson,  and...
Patrick Byrne
10 min read

Deep Capture: The Elevator Pitch

Point #1: Agents in a marketplace first commit to a trade, and then exchange the property rights they committed to trade.  The financial jargon for the mechanism which permits this exchange of property rights...
Patrick Byrne
3 min read

On Grandmothers, Dog Food, and Wall Street Porsches (Bethany McLean, Fortune Magazine)

Readers may have noticed my relative absence of late. I assure you that the mission of DeepCapture is often front-of-mind, but to pay the hosting fees and other expenses of our investigative journalism I...
Patrick Byrne
1 min read