Moral Hazard at the SEC
Moments after first mention of the word “bailout” came the first of many references to the inevitable outcome: moral hazard, which is the term used to describe the direct correlation between the...
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 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 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 ArticleEmail Exposes Short Seller Plot to Destroy a Public Company
This is Part 3 of an ongoing series. Read Part 1 Read Part 2 A few years ago, a clique of influential journalists went to extraordinary lengths to cover up the problem of illegal short selling. In the...
View ArticleWall Street Journal Reports that Short Selling Fueled Panic
Journalists who write about short selling hedge funds fall into three categories. The first category is comprised of a very small number of journalists who have deliberately whitewashed the dubious...
View ArticleLive On CNBC: Naked Shorts "Causing" Market Mayhem
History was made last night. At 9:30 pm, CNBC broadcasted these words: “naked short selling is what’s causing a lot of the problems in the market.” The words came from former SEC Chairman Harvey Pitt,...
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Email Illuminates “Deep Capture” of the SEC
By some quirk of human psychology, it remains difficult for a certain segment of the population to accept the “deep capture” thesis – the notion that our nation’s regulatory bodies and parts of our...
View ArticleThe SEC Scandal You Don't Read About in the Papers
There was an article in The New York Times yesterday about the SEC’s disgraceful ruling that it will take no disciplinary action against the SEC cronies at the center of the Gary Aguirre scandal. Read...
View ArticleThe Week the World Said "Naked Short Selling"
Make no mistake: what you witnessed this week was not some natural process – an economy “souring,” a bubble “bursting.” This was not the “invisible hand” at work. This was not even capitalism. This was...
View ArticleMoral Hazard at the SEC
Moments after first mention of the word “bailout” came the first of many references to the inevitable outcome: moral hazard, which is the term used to describe the direct correlation between the...
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 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 ArticleMichael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 13 of 15)
What follows is PART 13 of a 15-PART series. The remaining installments will appear on Deep Capture in the coming days, after which point the story will be published in its entirety. Click here to...
View ArticleMichael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 10 of 15)
What follows is PART 10 of a 15-PART series. The remaining installments will appear on Deep Capture in the coming days, after which point the story will be published in its entirety. Click here to...
View ArticleMichael Milken, 60,000 Deaths, and the Story of Dendreon (Chapter 6 of 15)
What follows is PART 6 of a 15-PART series. The remaining installments will appear on Deep Capture in the coming days, after which point the story will be published in its entirety. Click here to read...
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 ArticleEmail Exposes Short Seller Plot to Destroy a Public Company
This is Part 3 of an ongoing series. Read Part 1 Read Part 2 A few years ago, a clique of influential journalists went to extraordinary lengths to cover up the problem of illegal short selling. In the...
View ArticleWall Street Journal Reports that Short Selling Fueled Panic
Journalists who write about short selling hedge funds fall into three categories. The first category is comprised of a very small number of journalists who have deliberately whitewashed the dubious...
View ArticleLive On CNBC: Naked Shorts “Causing” Market Mayhem
History was made last night. At 9:30 pm, CNBC broadcasted these words: “naked short selling is what’s causing a lot of the problems in the market.” The words came from former SEC Chairman Harvey Pitt,...
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