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Agony

(2,605 posts)
110. If they are ravaging each other that works for me!
Thu May 17, 2012, 07:42 PM
May 2012

Thanks for the link...

"The Columbia School of Journalism is our nation’s finest. They grant the Pulitzer Prize, and their journal, The Columbia Journalism Review, is the profession’s gold standard. CJR reporters are high priests of a decaying temple, tending a flame in a land going dark.

In 2006 a CJR editor (a seasoned journalist formerly with Time magazine in Asia, The Wall Street Journal Europe, and The Far Eastern Economic Review) called me to discuss suspicions he was forming about the US financial media. I gave him leads but warned, “Chasing this will take you down a rabbit hole with no bottom.” For months he pursued his story against pressure and threats he once described as, “something out of a Hollywood B movie, but unlike the movies, the evil corporations fighting the journalist are not thugs burying toxic waste, they are Wall Street and the financial media itself.”

His exposé reveals a circle of corruption enclosing venerable Wall Street banks, shady offshore financiers, and suspiciously compliant reporters at The Wall Street Journal, Fortune, CNBC, and The New York Times. If you ever wonder how reporters react when a journalist investigates them (answer: like white-collar crooks they dodge interviews, lie, and hide behind lawyers), or if financial corruption interests you, then this is for you. It makes Grisham read like a book of bedtime stories, and exposes a scandal that may make Enron look like an afternoon tea."

By Patrick M. Byrne, Deep Capture Reporter

I can't wait to dive into this. K&R n/t myrna minx May 2012 #1
OOPS!!! hobbit709 May 2012 #2
Where are the Matt Taibbi haters? They've failed to show for three articles in a row. DCKit May 2012 #3
I think they're all in Meta having cows over words. hobbit709 May 2012 #4
An apt description of what goes on there. RC May 2012 #98
Taibbi haters are payed trolls. Perhaps they got sick to their stomachs and quit. Scuba May 2012 #6
There's only one--- trumad May 2012 #20
Where could he be? Rex May 2012 #88
This is very damning stuff, if it holds up.... Scuba May 2012 #5
Naked short selling is not illegal per se, neither are derivative transactions in general. xtraxritical May 2012 #26
I would argue that selling shares that don't exist, resulting in the share price dropping, is fraud. Scuba May 2012 #32
I would agree, subject to guarantees that the person or entity has no insider information. stevenleser May 2012 #66
Except that if you or I short a stock gratuitous May 2012 #72
Right, and I agree, but don't other financial rules come into play at that point? stevenleser May 2012 #74
And that's part of what this lawsuit is trying to unravel gratuitous May 2012 #79
It will be interesting to see what the investigation finds. stevenleser May 2012 #84
ugh, bastids MerryBlooms May 2012 #7
Aside from this RS article, prepare for a deafening silence. yodermon May 2012 #8
K&R. nt OnyxCollie May 2012 #9
Thank you, Matt, for explaining it all! nt valerief May 2012 #10
Naked Short Selling definition jeff47 May 2012 #11
Crap! randome May 2012 #13
GREAT definintion!!! uponit7771 May 2012 #18
In school, we would have been sent to the office for something like this. Skidmore May 2012 #51
If you dont have insider information, I have no problem with that. It is extremely risky absent stevenleser May 2012 #69
Um....no. jeff47 May 2012 #75
Um yes. See my posts upthread. nt stevenleser May 2012 #76
Ok, let me try this more slowly. jeff47 May 2012 #77
Apples to oranges. Read my post upthread. nt stevenleser May 2012 #78
Your post upthread is wrong. jeff47 May 2012 #80
My post is not wrong, I understand the difference between the two quite well. nt stevenleser May 2012 #81
No, you really don't. jeff47 May 2012 #83
Yes, I do. I am exclusively talking about naked short sales and my statements thus make sense. nt stevenleser May 2012 #86
Wow! Selling something you don't own. freethought May 2012 #122
Pay no attention to the man behind the curtain. sarchasm May 2012 #12
My own personal opinion....a little off topic...sorry zzaapp May 2012 #14
Why are you posting this at a political site and not a music site? corkhead May 2012 #17
It was a side reference to Rolling Stone, where the link came from zzaapp May 2012 #19
No. Welcome to DU! randome May 2012 #21
Thanks randome, that was nice of you. zzaapp May 2012 #25
No, welcome to DU. Honestly, I love it when politicians are also into music riderinthestorm May 2012 #23
Thanks for the welcome rider....obviously you are a Doors fan? zzaapp May 2012 #27
Yay! Somebody gets my username riffed off the great Doors song! riderinthestorm May 2012 #57
Nope. RS has been doing this for 40 years. Warren Stupidity May 2012 #73
No, I just find it a little peculiar. corkhead May 2012 #28
cool zzaapp May 2012 #30
Yes, they've always had politics & cultural comment. HiPointDem May 2012 #53
Huh? trumad May 2012 #22
As I said, just a personal opinion. And, yes, I guess they have to change with the times. zzaapp May 2012 #24
Rolling Stone Has Been Political Forever How Long Have You Been Reading The Mag? HangOnKids May 2012 #29
Sheeeeesh zzaapp May 2012 #31
No Sheeeeesh Doesn't Cut It, You Complained About RS Getting Political HangOnKids May 2012 #34
PS zzaapp May 2012 #35
Well Now That You Ask.... HangOnKids May 2012 #36
I'm not sure that I appreciate your tone. zzaapp May 2012 #38
My Tone? Really? YOU Don't Appreciate It? HangOnKids May 2012 #40
OTOH, my tone is usually HillWilliam May 2012 #58
Concert A HangOnKids May 2012 #62
Wasn't going to brag or anything HillWilliam May 2012 #63
I'm not a bad flat picker myself zzaapp May 2012 #100
An incendiary comment is to call Matt Taibbi a 'preacher' and an odd comment is to claim sabrina 1 May 2012 #90
Huh???? zzaapp May 2012 #113
We're having a lot of fun aren't we? sabrina 1 May 2012 #114
My poor child zzaapp May 2012 #118
Perhaps all the replies pointing out that you are completely wrong might be a hint? Warren Stupidity May 2012 #71
Hi Warren, nice to meet you. Did you like Tyrion (sp) on this months cover? zzaapp May 2012 #101
Get outta here! The best music IS political. Gregorian May 2012 #37
I appreciate your opinion....thank you. zzaapp May 2012 #39
I'm SOOOOO glad RS is no longer a music rag. nt valerief May 2012 #41
Hi Valerief...I'm curious.....why is that? I LOVE music. zzaapp May 2012 #42
I love RS articles. nt valerief May 2012 #44
So, since you are on a Political Forum, what do you think of Matt Taibbi's revelations? sabrina 1 May 2012 #91
I'd Be Surprised if Our Friend Comes Back To Discuss LOL HangOnKids May 2012 #93
Lol, I have a feeling you may be right! sabrina 1 May 2012 #95
Matt is a good writer...but I prefer HST. zzaapp May 2012 #103
Well, that's nice but wasn't the question. sabrina 1 May 2012 #109
Shooting the messenger? drm604 May 2012 #43
Just trying to be friendly......how is your day going? zzaapp May 2012 #45
No, you weren't. The Doctor. May 2012 #64
Thank You HangOnKids May 2012 #65
Funny, I don't feel rebuked, zzaapp May 2012 #105
Of course you don't feel rebuked HangOnKids May 2012 #108
Johann Wolfgang von Goethe zzaapp May 2012 #112
Smart guy, Wolfgang! sabrina 1 May 2012 #115
Yes, I read it..it was kinda Greek to me. zzaapp May 2012 #116
You know Matt !!??? Cool zzaapp May 2012 #117
You Know Johann Wolfgang von Goethe? HangOnKids May 2012 #121
Howdy HOK, Sometimes I FEEL old enuff to have known him ! zzaapp May 2012 #123
In what way was that a response to anything I said? drm604 May 2012 #85
LOL, very 1st edition had John Lennon on the cover just1voice May 2012 #48
YES...I LOVE the beatles..I can play about ten of their songs. zzaapp May 2012 #49
Well, duty calls, got to get to work. I hope everyone has a GREAT day. zzaapp May 2012 #50
Rolling Stone is a music magazine that has always covered politics. Raine1967 May 2012 #60
I LOVE the good Doctor...read everything he's done zzaapp May 2012 #102
Rolling stone has mixed politics and music since it began. Warren Stupidity May 2012 #70
I have the 1st six issues in my closet, plus online archive access Nevernose May 2012 #82
Aint THAT the truth !!!!! zzaapp May 2012 #104
How quaint. Sad that nobody will be held accountable for this. corkhead May 2012 #15
This is the overt crime where people should be put in jail, it was soooo overt uponit7771 May 2012 #16
Listen to the Naked Short Club if you want to get informed, and entertained. Gregorian May 2012 #33
As they play their shell games. raouldukelives May 2012 #46
Regulations are there to preserve our economy. This is going to make it tough on anti-reg types. Gregorian May 2012 #47
I remember when the Overstock CEO first starting talking about this (years ago). Tone in the HiPointDem May 2012 #52
Yes...Byrne was called a Kook and Conspiracy Theorist... KoKo May 2012 #56
Yep. It's good to know how it came out, because it will make people much more skeptical of the HiPointDem May 2012 #106
This is huge. They nearly destroyed a billion-dollar company (overstock.com) that employs 1300 ppl Maven May 2012 #54
Great big K & R for another great Taibbi article. PA Democrat May 2012 #55
Holy crap that is amazing... truebrit71 May 2012 #59
Snakes Don't Have Balls n/t HangOnKids May 2012 #61
Laws are for the Hubert Flottz May 2012 #67
Kicked and recommended. Uncle Joe May 2012 #68
Rec #100 stevedeshazer May 2012 #87
As I've said all along GFS is a POS company Rex May 2012 #89
Overstock CEO has been obsessed with getting these criminals Oilwellian May 2012 #92
Thank you for that link. It's shameful that no one with authority will sabrina 1 May 2012 #119
K & R !!! WillyT May 2012 #94
knr - valuable post + thread leveymg May 2012 #96
They're "Too Big To Fail," blkmusclmachine May 2012 #97
Cohodes "Yes, I think Goldman Sachs is just like the mob." Go kpete! Agony May 2012 #99
Cohodes' hedge fund also like the mob, and not so long ago, either. HiPointDem May 2012 #107
If they are ravaging each other that works for me! Agony May 2012 #110
yep, that seems like it's about the size of it/ goldman did a margin call on cahodes' hedge HiPointDem May 2012 #111
Best news ever libodem May 2012 #120
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