<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/gH0x7Ply9PE&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/gH0x7Ply9PE&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object> This was probably 2006. If you're "slandered", if you believe that, don't you sue? Not if you can't weather discovery you don't. And where did Herb disappear to? Why give up a gig like that? Or was it taken away?
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This one is a real barn burner. We're getting really close: http://www.deepcapture.com/our-watchdogs-and-the-financial-scandal-of-the-century/#comment-149808 The hedge fund that bribed the Columbia Journalism Review is called Kingsford Capital. It has worked closely with criminals, including a thug named Spyro Contogouris. In November 2006, a couple weeks after Kingsford bribed the Columbia Journalism Review, an FBI agent arrested Spyro. This was the same FBI agent who was investigating a cabal of short sellers â SAC Capital, Kynikos Associates, the former Rocker Partners, Third Point Capital, Exis Capital â who were then working with Spyro to attack a company called Fairfax Financial.
This one is a game changer: http://www.deepcapture.com/shocking-insights-into-the-mind-of-a-naked-short-seller/ If you can look at this animal, and not throw up, you're one of "them".
It's amazing that Cramer can, day after day, expound on the criminal way the shorts have "damaged" the markets. And the need for "justice" and for the SEC to "stop the shortsellers". Does he really think we have forgotten how he defended them (and WAS them) for years? Was in bed with Rocker and Greenberg? Called Bryne a "crazy liar"? Threw a legal subpoena (from the SEC!) on the ground? Is he really that smug?? One of these days someone will turn on him and sing to da cops about all his misdeeds. Then it'll be time for him to finally pay some dues...
I ask the same questions. By his actions, you can see he knows he's being "looked at". And that subpoena was served for cause. When Cramer goes, we can begin a new era. He is the Poster Boy for greed, corruption, and just plain bad judgement. He is obviously trying to save himself, and by the looks of the new commercials, so is CNBC..
Not only Reporters, but obviously regulators.......... http://www.deepcapture.com/well-its...omsen-joins-davis-polk-somebody-call-kreskin/ and there aren't any other reasons to hire her, except she can steer her clients through the maze. This doesn't take talent, simply a willingness to b e deceiptful.
Is our culture so deprived of valuing anything above the color of money that even our government officials, our financial journalists and our financial analysts are all, in a sense, colluding with a strange and sort of religious respect for anybody or anything that has power and may possibly help them reach the promised land of wealth, by any means? Source: http://www.marketrap.com/article/vi...ands-new-job-overstock-ceo-and-others-stunned SEC Enforcement Chief Lands New Job - Overstock CEO and Others Stunned By Perry H. Rod, Published: April 14th, 2009 5:37 PM PDT During Linda Thomsen's tenure as head of the enforcement division of the SEC, Harry Markopolis, a former investment officer with Rampart Investment Management in Boston, was writing a series of persuasive letters to the SEC informing them of the statistical impossibility of Bernie Madoffâs investment returns. Despite being intimidated by the SEC's connections to Madoff, he persisted with letters and meetings. But to no avail: "My experiences with other SEC officials proved to be a systemic disappointment and lead me to conclude that the SEC securities' lawyers, if only through their investigative ineptitude and financial illiteracy, colluded to maintain large frauds such as the one to which Madoff later confessed." Gary Agguire, a former SEC investigator who spoke to Congress a few years earlier, claimed he was fired for investigating a hedge fund too aggressively and said in a series of interviews, like the one below to the Guardian, that the SEC was in bed with Wall Streetâs powerful players: "What you have at the SEC is people rotating from jobs where you make $180,000 a year into jobs where you make over a million. It's very friendly - it's a club. I'm here, I'm inside, now I'm outside, now I'm inside again. When the SEC starts playing favorites and they decide not to go after Wall Street elite and focus on small fry, then they're not focusing on the players that really impact the capital markets. It's not the penny stock dealers that could trigger a credit crisis in this country." So it should be no surprise to learn today that Linda Thomsen, who headed the enforcement division of the Securities and Exchange Commission during a time in which it oversaw a market meltdown and failed to catch Bernard Madoffâs Ponzi scheme, is apparently having no job security issues at all. According to Legal Times, Davis Polk & Wardwellâs Washington office is adding her as yet another lawyer to its bench of former SEC officials. Patrick Byrne, CEO of Overstock (OSTK) was at âa loss for words,â over the recent hiring, according to a blog entry at DeepCapture.com. Though, he still had enough words to criticize Thomsen and the situation: That would be the same Linda Thomsen against whom the SECâs Office of the Inspector General recommended disciplanary action for her role in hanging out to dry SEC Senior Investigator Gary Aguirre, due to his impertinence in subpoenaing Morgan (MS) Stanley CEO John Mack, a Wall Streeter âwith juiceâ (in the words of Aguirreâs boss), just because a trail of clues in âthe most important insider trading case in 30 yearsâ led directly to him. That would be the same Enforcement Director to whom a recent report of the SECâs own Office of the Inspector General was obliquely referring, in page after page, for 55 pages, in a report explaining how three well-organized 6th graders could have handled the nationâs naked shorting complaints better than did the SECâs Enforcement Division. That Linda Thomsen is the same one whose resumption of employment with white-shoe law firm Davis Polk & Wardwell (I say âresumptionâ because Ms. Thomsen worked at Davis Polk until she joined the SEC in 1995) was announced today in this gem ("SEC Enforcement Chief Joins Davis Polk") from the Blog of Legal Times (âLaw and Lobbying in the Nationâs Capitalâ). The announcement reads, with no detectable irony: Linda Thomsen, who headed the SECâs enforcement division until February, is starting as a partner in the firmâs white-collar defense and government investigations and enforcement practices in June. She will be joining former SEC commissioner Annette Nazareth, who started at Davis Polk last year, and Robert Colby, who joined the D.C. office this year after serving as deputy director of the SECâs trading and markets division⦠Thomsen practiced in Davis Polkâs New York office before joining the SEC in 1995. She started at the commission as assistant chief litigation counsel and went on to become head of enforcement in 2005. After leaving the SEC earlier this year, Thomsen says, âI had no preconceived ideas about where I was going to go, or what I was going to do.â - Translation: âI swear, it never occurred to me to go work for the law firm defending wealthy clients against whom I was overseeing cases until weeks ago.â At the firm, Thomsen will advise clients on internal investigations and defend them against SEC probes. - Comment: Probes such as those ones she was overseeing weeks ago. After serving at the agency for 14 years, Thomsen says she understands the kind of questions clients should be asking themselves to stay out of trouble with the commission. âI think I know and can see the kind of issues that get people into trouble, and the kinds of processes that cause them to, perhaps, ignore warning signs,â says Thomsen. - Comment: Yes, I am sure Ms. Thomsen is one of the worldâs most recognized experts on the subject of processes that cause people to ignore warning signs. [The comments in bold are from Patrick Byrne.] If events in the recent past are any indication, Thomsen will likely quietly move onto her new job and the majority of the financial press will ignore this latest development. But it leaves a humble investor to wonder, is there no shame on Wall Street? Is our culture so deprived of valuing anything above the color of money that even our government officials, our financial journalists and our financial analysts are all, in a sense, colluding with a strange and sort of religious respect for anybody or anything that has power and may possibly help them reach the promised land of wealth, by any means? It is, perhaps, easy to criticize old ways of thinking, filled with shame and guilt over silly ancient myths and superstitions. But if a society is filled with people that have no shame or guilt at all, perhaps it encourages the reporter who stands in awe of a bank CEO, a regulator who trembles at the feet of a hedge fund manager. But in the end it's probably much simpler than that. Some psychologists say that one becomes what and who they surround themselves with, and in a world focused purely on money and profit, it is perhaps inevitable that the regulators and reporters will look up with respect at those they ought to watch over with skepticism.
18,000,000 fails in DNDN, and that's just the CDS fails: http://www.deepcapture.com/dendreon...ts-or-whats-18-million-fails-between-friends/