The Week the World Said "Naked Short Selling"
Make no mistake: what you witnessed this week was not some natural process – an economy “souring,” a…
The Short Seller Myth of "Market Efficiency"
By the way, why am I wasting my time with this? Who cares about these screwball statistics?The SEC is talking about protecting companies from getting clobbered by illegal market manipulation. The SEC is talking about stopping a crime and upholding the basic tenet of capitalism and correct human conduct that says that someone who sells something had darn well better deliver it.
Fairfax and just the facts, Ma'am.
Evidence of corruption and market manipulation among stock researchers and short selling hedge funds? That sounds suspiciously like the claim Deep Capture reporter Patrick Byrne has been making, ad nauseum, for over three years.
David Einhorn, Cheryl Strauss, and the “Unavailable” Bethany McLean
As will be explored in a subsequent piece, it would be fair to describe my relationship with Bethany…
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…
Was Dan Loeb's capital allied with David Einhorn's?
Mega-hedge fund manager Daniel Loeb recently disclosed a double-whammy to his investors: substantial losses early in the third quarter of 2008, and the initiation of a formal SEC investigation into the operation of Loeb’s fund, Third Point Partners.
Mr. Norris, We're Here to Help
Floyd Norris of the New York Times has written a column about the SEC’s recently expired “emergency order” preventing naked short selling of 19 financial stocks. His argument is…Actually, I have no idea what Mr. Norris is trying to tell us.
A Peace Sign for Wall Street
Greetings, and peace. As we Irish say, “I’m sorry for your troubles.” In today’s Salt Lake Tribune there…
August 3, 2008
Wall Street to USA: “I…drink…your…MILKSHAKE!”
The closing minutes of “There Will Be Blood” handily dramatizes naked short selling and, more generally, Wall Street’s relationship to the United States (WARNING: movie spoiler).
Having Lost Control of the Narrative, They Ask For It Back
Low-rent stumble-bums (i.e., Sam Antar and Gary Weiss) don’t get to climb in the ring with Ali, but I’ll meet Dan Loeb, David Einhorn, or Steve Cohen for legitimate public debate anytime, anywhere.