Matt Taiibi : Naked Short-Selling Caught on Video

AIG, Bear Stearns, Citibank, Deep Capture, Goldman Sachs, Hank Paulson, Jim Cramer, Lehman Brothers, Matt Taibbi, Naked Short-Selling, Patrick Byrne, Stock Exchange, Wall Street

Matt Taibbi

True Slant

Caught On Tape: A Naked Swindle

Continuing with the theme of naked short-selling, I have a video that was given to me last week that will allow people to see how naked short-selling can take place.

This video is only 31 seconds long and what it shows is a day-trader trying to sell short shares in a major NYSE-traded stock. To disguise the identity of the trader, I’ve had to edit out the name of the company in question — I’ll call it BANK X for short. What I can say is that the stock in question is one of America’s largest financial companies and the recipient of an enormous amount of public bailout money, so the fact that its stock can be manipulated is something that should be a concern to everyone.

Dylan Ratigan is Out at CNBC's Fast Money

Cable News, CDS, CNBC, Deep Capture, Dylan Ratigan, Economy, Guy Adami, John Tully, Naked Short-Selling, Patrick Byrne, Phantom Stocks

Tully

March 30, 2009

Guy Adami just said : “Wait, Wait, Let’s Officially welcome Melissa to the center chair…” (unofficial transcript)

drMedia outlets have been reporting for the past few days that Dylan Ratigan’s March 31 contract would not be renewed.

As Broadcatching mentioned earlier , we met Mr. Ratigan last fall outside NASDAQ HQ and he was a swell chap.

He was cruising for a bruising talking all that truth and ABC is going to give him a fat payday.

Uh oh….


Former AIG Head Hank Greenberg on CNBC With Maria Bartiromo

AIG, Bear Stearns, Ben Bernanke, Citibank, CNBC, Cramer+Stewart, Credit Default Swaps, Deep Capture, Derivatives, Dick Fuld, Gradient Analytics, Hedge Funds, Henry Paulson, Jim Cramer, Jon Stewart, Lehman Brothers, Maria Bartiromo, Mortgage Crisis, Overstock, Patrick Byrne

Former AIG Head Hank Greenberg on CNBC With Maria Bartiromo

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Rick Santelli Subtly Schooled By Dylan Ratigan

AIG, Bear Stearns, Ben Bernanke, Citibank, CNBC, Cramer+Stewart, Credit Default Swaps, Deep Capture, Derivatives, Dick Fuld, Gradient Analytics, Hedge Funds, Henry Paulson, Jim Cramer, Jon Stewart, Lehman Brothers, Maria Bartiromo, Mortgage Crisis, Overstock, Patrick Byrne

Rick Santelli Subtly Schooled By Dylan Ratigan

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The Madness of Jim Cramer – Day After Pathetic Evisceration by "Comedian"

AIG, Bear Stearns, Ben Bernanke, Citibank, CNBC, Cramer+Stewart, Credit Default Swaps, Deep Capture, Derivatives, Dick Fuld, Gradient Analytics, Hedge Funds, Henry Paulson, Jim Cramer, Jon Stewart, Lehman Brothers, Maria Bartiromo, Mortgage Crisis, Overstock, Patrick Byrne

The Madness of Jim Cramer – Day After Pathetic Evisceration by “Comedian”

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Patrick Byrne Discusses Naked Short-Selling on The Daily Show

Daily Show, Deep Capture, Jim Cramer, Jon Stewart, Naked Short-Selling, Overstock, Patrick Byrne

Patrick Byrne on The Daily Show

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Ben Bernanke on A.I.G. March 15, 2009 [video]

AIG, Alan Greenspan, Banking Crisis, Ben Bernanke, Business Week, CNBC, Credit Default Swaps, Deep Capture, Derivatives, Federal Reserve, Financial Instryments, Hank Paulson, Hedge Funds, Jim Cramer, Joe Nocera, Lehman, Maria Bartiromo, Mortgage Crisis, Patrick Byrne, Phantom Stocks, Rick Santelli, Short Selling, Stimulus

What We Should Learn from Jim Cramer vs. The Daily Show’s Jon Stewart

AIG, Bear Stearns, Ben Bernanke, Citibank, CNBC, Cramer+Stewart, Credit Default Swaps, Deep Capture, Derivatives, Dick Fuld, Gradient Analytics, Hedge Funds, Henry Paulson, Jim Cramer, Jon Stewart, Lehman Brothers, Maria Bartiromo, Mortgage Crisis, Overstock, Patrick Byrne

::What We Should Learn from Jim Cramer vs. the Daily Show’s Jon Stewart::

hp3

March 12th, 2009 by Patrick Byrne

What should we learn from the fact that “The Daily Show’s” Jon Stewart has in four evenings (1 2 3 and 4) exposed Jim Cramer in a way that, in any sane world, he would have been exposed a decade ago? To answer that, consider these associated facts: while the Jim Cramer constellation of journalists (Mitchell’s Media Mob) backed each other up while covering-up the subject of criminally abusive short selling by hedge funds to whom they were close, four channels of the media broke rank:

  1. Two years ago Bloomberg did a half-hour documentary that broke away from the Party Line;
  2. Liz Moyer at Forbes has covered the real issues fairly and diligently, and another Forbes reporter named Nathan Vardi took a good swipe at the story (”Sewer Pipes“);
  3. Rolling Out Magazine (”an UrbanStyle Weekly serving the African American community”) called me up a couple years ago and did precisely the fair, non-disorted interview of which the remainder of the New York financial media was entirely incapable;
  4. Now, “The Daily Show” has broken ranks by stating the obvious: there are journalists shilling for favored hedge funds.

Could the lesson be that the first news organizations that can break ranks with the Party Line are either fringe (”Rolling Out Magazine” and “The Daily Show”) or the properties of billionaires (Bloomberg and Forbes) who cannot be intimidated?

Perhaps someday, a journalist will look into the pressures that were brought on news organizations (e.g., on Bloomberg leading up to their running “Phantom Shares”). Just a few weeks ago I got the  story, again, from a journalist: “I was working on a story about naked short selling and Deep Capture. Then, suddenly I was stopped. It’s weird because I have been a journalist here for 9 years. I have built a great reputation with my editor, and have never had a story interfered with. But I got a couple months into this story, and suddenly I was stopped from above. I’ve never seen that happen before.” I replied, If you only knew how many times a journalist has said that to me in the last couple years….

Link

The Real Scandal That Will Bring Jim Cramer Down: The Story of Deep Capture

AIG, Bear Stearns, Ben Bernanke, Citibank, CNBC, Cramer+Stewart, Credit Default Swaps, Deep Capture, Derivatives, Dick Fuld, Gradient Analytics, Hedge Funds, Henry Paulson, Jim Cramer, Jon Stewart, Lehman Brothers, Maria Bartiromo, Mortgage Crisis, Overstock, Patrick Byrne

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.

dick-fuldIn 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

Make a pot of strong coffee and read this incredible story

Unedited | Cramer Vs. Stewart | Part Three

AIG, Bear Stearns, Ben Bernanke, Citibank, CNBC, Cramer+Stewart, Credit Default Swaps, Deep Capture, Derivatives, Dick Fuld, Gradient Analytics, Hedge Funds, Henry Paulson, Jim Cramer, Jon Stewart, Lehman Brothers, Maria Bartiromo, Mortgage Crisis, Overstock, Patrick Byrne

Unedited | Cramer Vs. Stewart | Part Three

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