A Scandal Unfolds, and the Media Mob Scampers
Three years ago, Deep Capture reporter and Overstock CEO Patrick Byrne gave a famous conference call that he titled, “The Miscreant’s Ball.” His thesis was simple: Some short-selling hedge funds...
View ArticleThe short heard ’round the world
This is the first anniversary of the destruction of Bear Stearns. For a while there, just after it happened, everybody was talking about the role of short selling, both legal and illegal, in Bear’s...
View ArticleOur Watchdogs and the Financial Scandal of the Century
“Accountability – Integrity – Reliability” That’s the motto of the Government Accountability Office, and it almost makes you believe that there really is a functioning watchdog – somebody, aside from...
View ArticleGoldman pillages, Goldman steals, Goldman Sachs
(As I mentioned in an earlier post, I’m looking for extra feedback on the ideas presented here, as they are currently under development and able to benefit greatly from your insights.) I think we can...
View ArticleHedge funds and the global economic meltdown
I originally published this video on the first anniversary of the destruction of Bear Stearns, though its lessons seem even more timely today, the first anniversary of the destruction of Lehman...
View ArticleRolling Stone Reports that Naked Short Selling Killed Bear Stearns and Lehman...
Matt Taibbi has published a story in Rolling Stone magazine that nobody should miss. It’s not yet available on-line, so you’ll have to pick it up at the newsstands, but here’s a quick summary. Taibbi...
View ArticleThe Markit Group: A Black-Box Company that Devastated Markets
Although much attention has been directed at the contribution made by credit default swaps to the financial crisis, most discussion has focused on the companies, such as American International Group,...
View ArticleEvidence of murder at 383 Madison Ave.
Nearly one year after its original date of publication, my video, Hedge funds and the global economic meltdown has finally received its first bit of serious criticism, and I can’t express how pleased I...
View Article
