Europe Comes to Terms With Market Manipulation; the SEC and the American Media Bury Heads in the Sand
The markets go haywire, Germany responds sensibly, and the American establishment refuses to contemplate the reality of criminal manipulation.
Naked short selling of gold and silver -- a threat to the stability of the financial system and evidence that our markets are rigged
Today, short-selling hedge fund Rocker Partners paid Overstock.com $5-million to settle the lawsuit filed against them in August of 2005. Rocker Partners also entirely dropped its own countersuit. This is a major victory for all public companies targeted by bear raiding hedge funds.
Summary – This post contains two emails I sent Fortune Magazine regarding Deep Capture’s work documenting an inappropriate…
December 30, 2008
the evidence shows that Rocker Partners hedge fund first approached Bethany McLean about Fairfax on December 7, 2006. Bethany then met with Rocker Partners employee (and former SEC attorney) Richard Sauer 11 days later, and presumably began work on what would become her March 6, 2007 article The inside story of a Wall Street battle royal shortly thereafter.
There’s no sense denying it: reporters depend on sources, and in the mind of most business journalists, a…
December 16, 2008
Becky Quick invited me on CNBC. I expected another CNBC spin-job and was not disappointed. Becky began with…
The proliferation of unsettled trades in a firm’s stock disrupts the market’s ability to find the true market-clearing…