#12 Back to Back

REPOST
Overstock CEO Patrick Byrne Carpet Bombs Wall Street & The Media on the Don Harrold Show (Video)
by RoryKearney | August 26, 2008 at 12:27 pm | 392 views | 2 comments
Part #10 — Writers Out To Lunch! Watch this scathing video. "JIM CRAMER'S A CROOK!" SYSTEMIC RISK! COUNTERFEITS IN THE SYSTEM! STOCKPILE FOOD, STORES OUT OF PROVISIONS, SHUTTERING! HOT! HOT! HOT!

Excellent Byrne NSS interviews....now up on YouTube

Part 1: http://www.youtube.com/watch?v=EYuG-O0-WM0

Part 2: http://www.youtube.com/watch?v=peeufezp9ws&feature=user
Overstock.com CEO Patrick Byrne, guest on the Don Harrold Show, Carpet Bombs Wall Street and the Media they Control . He believes we are poised on the precipice of a great black hole, with one foot on the banana peel. We are heading toward a financial meltdown, worthy of stockpiling a few weeks worth of food. Be prepared. If Lehman goes under, which many are betting on, all hell could break loose.

We encourage everybody in the media to get active on covering this story. We encourage everyone to contact their Congressman demanding an investigation into the Depostitory Trust & Clearing Corportation (DTCC). Knowledge is power and the more we know the better and the more often we contact the officials the more people we can have working on the problem. The American people, as well as the rest of the world, need to hear this story since it affects everyone. DeepCapture.com . Patrick called the impending disaster. He readily admits he does not know what is next but he is preparing for all options. Failures to Deliver (aka Naked Shorts, counterfeit shares of stock), massive counterfeits rolling around in the system, destroying our economy, under the blind eye of the Securities and Exchange Commission (SEC), the Depository & Trust Clearing Corporation is allowing counterfeits in the system, and replacing the real shares with worthless paper, while systematically raiding the vaults of the people of the world's money. WAKE UP!

WE NEED A CONGRESSIONAL INVESTIGATION INTO THE DEPOSITORY TRUST AND CLEARING CORPORATION ( DTCC).

THEY MUST START MATCHING EVERY BUY AND SELL ORDER.

When Patrick sneezes, I get the flu. I'm keeping my eye on this story.

Enter the rabbit hole here --------------------> http://www.DeepCapture.com

MEDIA!

STAND UP & COVER THIS STORY!

IT'S YOUR JOB.

PRETTY PLEASE.

Would You Please Pass The Hot Potato.

Coming to a street near you!

Scroll down for updates

* * * * *

oh chit

http://us.ft.com/ftgateway/superpage.ft?news_id=fto082820081844317568

Bank of China flees Fannie-Freddie

By Saskia Scholtes in New York and James Politi in Washington

Thursday Aug 28 2008 17:35

Bank of China has cut its portfolio of securities issued or guaranteed by troubled US mortgage financiers Fannie Mae (NYSE:FNM) and Freddie Mac by a quarter since the end of June.

The sale by China's fourth largest commercial bank, which reduced its holdings of so-called agency debt by $4.6bn, is a sign of nervousness among foreign buyers of Fannie and Freddie's bonds and guaranteed securities.

Foreign investors have been a mainstay of the market for such debt, but uncertainty over the mortgage financiers' capital positions and the timing and structure ofa potential government rescue has made some investors reassess their exposures. Asian investors in particular have become net sellers of agency debt, said analysts.

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Medicare gap and drug lapses

Last update: August 21, 2008 - 9:08 PM

Many people in Medicare with diabetes, high blood pressure and other chronic conditions stop taking their medicine when faced with picking up the entire cost of their prescriptions, researchers say.

About 3.4 million older and disabled people hit a gap, known as the doughnut hole, in their Medicare drug coverage in 2007. When that happened, they had to pay the full cost of their medicine until they spent $3,850 out of pocket. Then, insurance coverage would kick in again.

In Minnesota and six other states making up the Northern Plains region, 33 percent of beneficiaries hit the coverage gap. Only Hawaii was higher, at 36 percent, while Nevada was lowest at 12 percent.

"We have no clue" about exact numbers of Minnesotans who hit the doughnut hole, said Jean Wood, executive director of the Minnesota Board on Aging. But it could be 160,000 Minnesotans if the state mirrors the total region. She urged Minnesotans who hit the gap to seek help from the Minnesota LinkAge Line, 1-800-333-2433.

About 15 percent of those hitting the coverage gap stopped their treatment regimen. That rate varied depending upon illness. For example, about 10 percent of diabetes patients stopped buying the medicine, as did 16 percent of patients with high blood pressure and 18 percent of those with osteoporosis.

Most participants say they are satisfied with the drug-benefit program. But many lawmakers and health analysts say improvements could be made.

AP, WARREN WOLFE

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http://www.startribune.com/lifestyle/health/27252369.html?elr=KArks7PYDiaK7DUvDE7aL_V_BD77:DiiUiD3aPc:_Yyc:aULPQL7PQLanchO7DiU

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http://www.latimes.com/business/la-fi-moneyblog29-2008aug29,0,619730.story

Here's the setup for that move: The number of shares of FirstFed that were sold "short" rocketed in the first two weeks of August, from 8.7 million to a record 12.6 million, according to New York Stock Exchange data. (In general, such shares are borrowed, usually from brokerages, and then sold in a bet that the share price will decline.)

Yet the number of FirstFed shares outstanding is just 13.6 million.

So the bears, it seems, have and sold 93% of all FirstFed shares. And if we remove from the outstanding total the shares locked up by company insiders, short sellers have borrowed and sold more shares than actually are available in the market.

It looks like that's what happened with FirstFed, after analyst Fred Cannon at Keefe, Bruyette & Woods noted the extraordinarily heavy shorting in a report published late Wednesday.

Heimbuch said she wished the SEC would investigate, "but I imagine we are too small for them to worry about."

An SEC spokesman declined to comment.

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Internet broadcast, Break the Matrix reviews new book coauthored by James S. Turner, Chairman of Citizens for Health

Citizens for Health Chairman James S. Turner has coauthored a timely book titled Voice of the People: The Transpartisan Imperative in American Life. Internet television network Break the Matrix said this about the book.

"The Transpartisan Voice project of THE DA VINCI SOCIETY, a Silicon Valley non-profit organization, has published the groundbreaking new book, Voice of the People: The Transpartisan Imperative in American Life. Co-authors A. Lawrence Chickering, former assistant to William F. Buckley, and original Nader's Raider James S. Turner argue that the current American political debate greatly exaggerates conflict and conceals agreement among Americans, who are alienated from politics because it is largely unresponsive to what people value.

Divided we fail. United we prevail ... This enlightening book tells how a new "transpartisan" politics works and why it is essential to solve challenges from public school and health policy reform to energy, the environment, and national security. . . . [T]he transpartisan agenda presents new ways of thinking that can bring the American people together at this crucial moment in our history."

For more information about Voice of the People, see www.transpartisanvoice.com. For more information about Break the Matrix, see www.BreaktheMatrix.com.

CFH President Michael McCormack to give keynote at National Health Freedom Coalition Assembly, 9/13/08

Citizens for Health President Michael McCormack will be giving the keynote address to the NHFC Assembly in Minneapolis on Saturday evening, September 13th.

Click here to learn more about Michael's topic - Toward a More Balanced Health System: Healing through the Lens of Freedom - visit: http://www.nationalhealthfreedom.org/conferences/2008Conference/2008ConferenceMoreInfo.htm

Medicare gap and drug lapses

The high cost of prescription drugs is a boon for the pharmaceutical industry, but bad news for Medicare recipients.

Click here to read the full article from the Star Tribune.

Citizens for Health Opposes FDA Decision to Irradiate Produce

Citizens for Health strongly opposes the recent decision by the FDA to allow some forms of produce to be irradiated in a misguided attempt to control food-borne illnesses.

Click here to read more about our position on this issue.

Click here to read the full article on the FDA's decision from the New York Times.

It is now more important than ever to gather together and to combine our efforts and energies to make our voices heard!

If there are issues to which you'd like to draw our attention, or issues about which you'd like to read more, send your feedback to: info@citizens.org

Yours in health,

Frank Herd, Jr

Executive Director

info@citizens.org

Thanks for taking action, and for your support,

The Citizens for Health Team

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We Will Have No More Rumor Mongering

"SEC Chairman Christopher Cox stated that the message of the case was "simple and direct":

The SEC "will vigorously investigate and prosecute those who manipulate markets with this witch's brew of damaging rumors and short sales."

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Oops! I did it again! http://www.youtube.com/watch?v=unBACOHFXes

http://www.telegraph.co.uk/news/newstopics/howaboutthat/2638481/Steve-Jobs-obituary-published-by-Bloomberg.html

Steve Jobs obituary published by Bloomberg

An obituary of very-much-alive Apple founder Steve Jobs has been accidentally published by the respected Bloomberg business news wire.

By Matthew Moore
Last Updated: 5:49PM BST 28 Aug 2008
REUTERS

The story, marked “Hold for release – Do not use”, was sent in error to the news service’s thousands of corporate clients.

* Extracts from Bloomberg's premature Steve Jobs obituary

The stock obituary was published "momentarily" after a routine update by a reporter, and was "immediately deleted", Bloomberg said.

Jobs was diagnosed with pancreatic cancer in 2003, but there is no suggestion that the news wire has recent news on his health. Most media organisations regularly update their pre-prepared obituaries of newsworthy figures.

The obituary contained blank spaces for Jobs’s age and cause of death to be inserted.

The opening sentence described Jobs as the man who “helped make personal computers as easy to use as telephones, changed the way animated films are made, persuaded consumers to tune into digital music and refashioned the mobile phone.”

The 2,500-word piece also included praise for Jobs from his rival Microsoft boss Bill Gates, details of his rise from college drop-out to technology billionaire, and a list of his family “survivors”.

Details of friends and colleagues of the Apple founder to be contacted by Bloomberg in the event of his death were also published with the obituary.

Bloomberg, which was founded by New York mayor Michael Bloomberg and prides itself on its accuracy and transparency, later published a note acknowledging the story's retraction on its wire.

“An incomplete story referencing Apple Inc. was inadvertently published by Bloomberg News at 4:27 p.m.New York time today,” the message read.

“The item was never meant for publication and has been retracted.”

A Bloomberg spokeswoman said: "This was a routine update of a biography by the obits department, meant for the internal system and not meant for publication.

"It was momentarily posted on the external wire, in error, and immediately deleted."

Jobs has been reluctant to publicly discuss his health, but recently denied claims that his cancer had returned.

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We wish Steve Jobs the best of health. He has improved so many of our lives. He will leave the world of electronics, and apple, the company, buzzing from his visions forever. I hope he has many fine years ahead of him.

Apple (aapl) is such a heavily shorted stock for such a fine company that it must be those nasty quants and copycat quants, along with some idiot shorter crews, oops, I did it again, short and distort, apple is their biggest nightmare, with or without Jobs. In the meantime they will loot whatever they can from the stock price, and the long term shareholder will wither on the vine watching it go up and down $25. It's a nice job if you can get it. I call it skimming, but it is really more like slurping pigs at the trough. Come on SEC. Do your job! SETTLE ALL THE TRADES! EVEN APPLES! (885 million shares issued by the company, 21 million registered shorts (how would anybody know since the dtcc doesn't match up or keep track of the number of buys and sells). It reminds me of a song we sang as kids.

The inky dinky dollars went up the daily chart, Down came the shorters and squirreled it all away, Up came the dow and washed up all the pigeons, The inky dinky dollar went up the chart again.

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Do you know where your 401K money is?

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http://www.bloomberg.com/apps/news?pid=20601068&sid=aGvL31vbbowg&refer=economy
U.S. Consumer Spending Slows, Inflation Accelerates (Update3)
By Shobhana Chandra

Aug. 29 (Bloomberg) -- Spending by U.S. consumers slowed in July as the impact of the tax rebates faded and a pickup in inflation eroded Americans' buying power.

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Welcome to my world

http://www.opednews.com/articles/News-from-Afterlife-by-John-Olsen-080829-608.html

News from Afterlife

by John Olsen Page 1 of 1 page(s)

www.opednews.com

	Contact Author
	Contact Editor
	View Other Articles by Author

. . . . .

Everybody else is doing fine too.

John Olsen knows virtually nothing about almost everything. He has a photo blog. He likes to perform on stage, preferably before a voluntary audience. In 1997,he became an activist about health care issues after he began overseeing his parents health care needs. One thing that he knows is that having health insurance does not mean that the beneficiary will receive the appropriate health care. He also knows that many politicians, members of the media, and not for profit self-described health care advocacy groups are ignoring this problem. He still believes that fighting for justice is a worthy cause, even if it is a pain in the ass. Coincidentally, he has been considered to be a pain in the asses of some of the aforementioned politicians, members of the media, and not for profit self-described health care advocacy groups.

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http://www.bloomberg.com/apps/news?pid=20601087&sid=a7dn3iRmUDCQ&refer=home

Integrity Bank Becomes 10th U.S. Failure This Year (Update2)
By Alison Vekshin and Ari Levy

Aug. 29 (Bloomberg) -- Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression.

Integrity Bank, with $1.1 billion in assets and $974 million in deposits, was shuttered by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corp. Regions Financial Corp., Alabama's biggest bank, will assume all deposits from Integrity, which was run by Integrity Bancshares Inc. The failed bank's five offices will open on Sept. 2 as branches of Regions, the FDIC said.

``Depositors will continue to be insured with Regions Bank so there is no need for customers to change their banking relationship to retain their deposit insurance,'' the FDIC said.

Banks are being closed at the fastest pace in 14 years as financial companies report more than $505 billion in writedowns and credit losses since 2007. California lender IndyMac Bancorp Inc., which had $32 billion in assets, was closed July 11 in the third-largest bank seizure, contributing to a 14 percent drop in the U.S. deposit insurance fund that had $45.2 billion at the end of the in the second quarter.

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Can you say "Taxpayer Bailout."

NICE!

* * * * *

I'M MAD AS HELL AND I'M NOT GOING TO TAKE IT ANYMORE!

http://www.youtube.com/watch?v=90ELleCQvew

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http://www.breitbart.com/article.php?id=080828220314.lq3gg11z&show_article=1

Eyes turn to dawn of 'visual computing'

Aug 28 06:03 PM US/Eastern

It's not personal computing anymore," Han said. "It's visual computing."

Battlestar Galactica bombshell Tricia Helfer praised computer animation innovations that enable the science fiction television series to rivet viewers.

Helfer plays a part-machine, part-organic Cylon character called "Number Six" that has turned on its creators.

"It's a bit threatening," Helfer said of technology promising to one day make animated characters indistinguishable from real actors.

"But the advantages and uses of it are amazing, but it is something we are going to have to get used to."

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link provided by mugabe abu

http://freedocumentaries.org/film.php?id=197

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Cramer must be on lockdown because we haven't heard his big mouth on this but they dragged Matt Herper of Forbes our and he just did a hatchet job on Provenge in one of his pieces. Whatever he introduced that wasn't irrelevant, was totally slanted. Right on cue.

I will not dignify him with a quote

I changed my mind.

"The FDA was swayed by some prominent cancer researchers who wrote letters saying the data were lousy."

NICE!

http://www.forbes.com/healthcare/forbes/2008/0915/070.html

(What a pompous Ahole <gg>)

* * * * *

Mike wrote:

" If Matt Herper was a sportswriter...
If Matt Herper was a sportswriter writing for Sports Illustrator instead of Forbes magazine, he would be laughed out of town! The issue his articles appeared in would hit the recycle bin quicker than you could say Notre Dame.

Thanks to Cben's research we see Herperhead uses an NCI brainwashed guy to prove his point against Provenge. It would be like interviewing people on the Notre Dame campus to see how good their football team is. "Are you going to win this week?" You all know how they will answer.

It is amazing to me that journalists can interview one side and produce a story. I find that absolutely amazing. If I was writing this story I would have tried to interview Dr. James Mule, Dr. David Penson, Dr. Paul Schellhammer, Dr. Franco Marincola, Dr. Glenn Dranoff, Dr. Celia Witten, Dr. Steve Dubinette, and a host of others to present the counterpoint.

It appears to me NCI didn't take too kindly to our FOIA requests so they marched out Otis Brawley. NCI got caught colluding with a very conflicted Dr. Scher who was promoting his own favorite treatments. And as far as I am concerned, they were violating Advisory Committee rules by not inviting Dr. Mule to the meetings. Then again, I don't think Mule would have participated with the letter writing and leaking.

NCI looks bad being tied to Paul Goldberg. Even Goldberg knows the FDA was prohibited from talking and yet he was glad to help them talk. He did that twice now - ImClone & Dendreon.

Plus, NCI let it be known they spend a lot of money on prostate cancer research and in Notre Dame-like fashion will be quick to tell you Provenge is not their favorite and they are going to defeat it.

And then there is the personal opinion Scher sent to Alison Martin. As a journalist, I sure would want to get more info on that! And the juicy stuff Pazdur is hiding!

No, Matt Herper showed what an amateur journalist he is. I can't believe his editor let this go by. Julie at Raw Story said her editor would not let her write an article on the Provenge debacle because NCI wouldn't speak to her due to the pending lawsuit. Her editor told her if she doesn't get the other side to speak then they will not run the story.

Nothing against fans of Notre Dame, I just used a big sports icon as an example to show what a weasel Matt Herper is. What a sorry ass excuse for a journalist.

Hey Herperhead, we are not picking on all oncologists, just those named Richard Pazdur, Howard Scher, Maha Hussain, Alison Martin and Thomas Fleming. I guess we have to add Otis Brawley to this list as he obviously has overlooked the shenanigans.

And Otis with his science comment! The FDA evaluated itself and said it was behind in science. Von E spoke at a conference recently at the University of Louisville and stated the same. And that is the problem here that these folks just don't get. These few loud mouth oncologists evaluate Provenge like it is a chemotherapy. It is not! It is an immunotherapy. And yet, the FDA and NCI sided with inexperienced "scientists". What buffoons!

Ok, back to the sports page. Now Bill Lyon from the Philadelphia Inquirer, he was a good sportswriter back in the day. I saved some of his articles."

* * * * *

Meet Otis Brawley

"Especially in prostate cancer, I have seen a bunch of survivor groups that are not very interested in basing things on science and are basing things on emotion," says Otis Brawley, chief medical officer of the American Cancer Society.

http://www.investorvillage.com/smbd.asp?mb=971&mn=213326&pt=msg&mid=5512520

National Cancer Institute e Division of Cancer Prevention and Control at the National Cancer Institute

He trained in medical oncology at the National Cancer Institute.

* * * * *

Here is the Federal Octopus and it's tentacles. Employees at the FDA just have to say they are thinking of looking for a new job and they get 25% yearly salary bonus, with no questions asked. They retire with pensions, health benefits, can't be fired(it is a Union House) and I fear nepotism is rampant, but nobody is talking. Keep in mind, you pay their salaries.

Heatlth & Human Service (HHS)

Care to Live sued HHS along with the FDA. Here are CareToLive's law filings to date. (Kerry writes a powerful motion but the Court has all the power and we keep in mind that in the end, we may not get justice, we will just get a decision, as the court system demonstrates our lack of recourse sometimes.

oversees

National Institute of Health (NIH)

who oversees

Food & Drug Administration (FDA) + National Cancer Institution (NCI)

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Add Milken, Pazdur, Matt Herper ( who leaked Maha's "leaked letter" (don't get me started), Alison Martin, Paul Goldberg, Andy Von Eschenbach, Jay Moorin, Maha Hussain, Howard Streicher, Howard Fleming, and a few other plums into the pudding and stir.

* * * * *

Wall Street Journal

Pazdur's Cancer Rules
July 6, 2005

What has changed is the politics. For starters, Dr. Pazdur no longer labors under the reform-minded former FDA Commissioner Mark McClellan. Dr. Pazdur has also since stacked ODAC with people who share his anti-industry views. Most importantly, the unrelated panic over painkiller safety last fall has created the political cover for Dr. Pazdur to punish AstraZeneca for disobeying his wishes.

Some readers may find it hard to believe that life and death decisions about drug approvals and withdrawals would be made for political reasons. So it's worth pointing out that Dr. Pazdur has admitted doing so before. In 2002, the FDA rejected Erbitux, with Dr. Pazdur admitting it was a "good drug" but that it had a "bad development plan." Erbitux later became a clinical success against colon cancer.

But later that same year when the FDA approved a colon cancer chemotherapy called Eloxatin, Dr. Pazdur approvingly remarked "we want to send a message" about "the value in doing randomized trials." In other words, the less revolutionary drug (Eloxatin) got approved first because its makers had jumped through the right bureaucratic hoops.

The Iressa move is Dr. Pazdur's way of sending another "message" about the necessity of doing things his way. It isn't so much a withdrawal as a relabeling of the product. Patients currently on the drug will be able to continue with it. But come September no new patients will be able to start on it outside FDA-approved clinical trials. In other words, the option to use Iressa freely as a front-line cancer treatment will disappear.

That prospect doesn't sit well with patients like Sandy Britt, who believes Iressa saved her life after she was diagnosed with metastatic, stage 4 lung cancer late last year. "The first doctor gave me a death sentence," the 46-year Alameda, California, resident tells us. "She wasn't even going to treat me." But another doctor administered a genetic test that indicated she would be one of the 10% who respond to Iressa. "I've had an amazing response to it. They predicted I'd be dead now. Instead, I just got back from three weeks in Italy." As for Dr. Pazdur's decision, Ms. Britt asks a common-sense question: "This is a drug that works amazingly well for some people, so why take it off the market?"

http://online.wsj.com/article_email/article_print/SB112060615074177902-IFjeoNplad4oZunan2Gb6uAm4.html

http://www.oncology-times.com/pt/pt-core/template-journal/oncotimes/media/Rosenthal-OTInterview-OtisBrawley-OT-Aug252007.pdf

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http://www1.investorvillage.com/smbd.asp?mb=971&mn=213350&pt=msg&mid=5512931

From P3analyze

Who is Otis Brawley
Why of course- he once served on ODAC in 2005 reviewing Abbott's Xinlay. Interesting to note in this FDA transcript "Otis Brawley, for owning stock in a competitor, valued from $25,001 to $50,000."

Who is that competitor (against Abbott)? Why is it so hard finding any expert not having a COI?

http://www.fda.gov/ohrms/dockets/ac/05/transcripts/2005-4174T1-Part1.pdf

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We have gigabytes of ram and terabytes of data at our disposal.

* * * * *

Herper can try to trash us with his barrels of ink and reams of paper at his disposal. Kerry Donahue, the CareToLive attorney, is one of the finest men to walk this planet, and he is one heck of a lawyer too. Kerry has heart, and soul and big brains, a winning combination, easy for  an inept reporter to overlook.

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Enter the rabbit hole here --------------------> http://www.DeepCapture.com

To enter our $75,000 "Crack the Wall Street Cover-up!" contest read to the bottom of this (very long) story.

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

The Story of Deep Capture

NEW! Download the Story of Deep Capture in .pdf format.

By Mark Mitchell, with reporting by the Deep Capture Team

Introduction - by Mark Mitchell

I began working on a version of this story in January 2006, while serving as an editor for the Columbia Journalism Review, a publication tasked with upholding the standards of the American media. In November 2006, a hedge fund that was at the center of the scandal I was investigating offered the Columbia Journalism Review a great deal of money. Shortly before CJR accepted the money, I left my job, so I do not know if my editors, whom I believe to be honest people, would have allowed me to persevere. But I have no doubt that the hedge fund’s “beneficence” was aimed at preventing the publication of stories like this one.

And it might well have succeeded if Patrick Byrne had not approached me with an idea. Why not combine forces and spearhead a whole new approach to investigative journalism? Most media content is produced by rumpled journalists (i.e., people like me), working alone under tight constraints. Deep Capture could be something different - a power team circumventing the traditional media and pushing limits to uncover the truth.

When I entered the picture, this team had already established that a small number of law-breaking hedge funds had put the American financial system at risk of collapse. Indeed, the hedge funds are employing the same tactics that contributed to the stock market crash of 1929 and the Great Depression that followed. If you want to understand the current turmoil in our financial markets, you could do no better than to read the material in Deep Capture: The Analysis.

The lengthy (40,000 word) story that follows should help you to understand how - and why — Patrick came to embark on this project. I am the author of the story, and attest to its accuracy, but it benefits substantially from the work of the Deep Capture team: freelance researchers, bloggers, gonzo computer hackers, economists, and even a one-time foreign intelligence agent.

Some mainstream journalists will not like this story. They will perhaps disapprove of our methods or decry the advent of vigilante journalism. But most of all, they will not like this story because it is largely about them - a tale of reporters who seek to be players, but instead become pawns - a tale of prominent journalists who help cover up a massive financial crime while toadying to some of Wall Street’s slimiest operators.

* * * * * * * *

And it all starts when Patrick Byrne gets a phone call from the Easter Bunny. Really, that’s what the guy calls himself - the Easter Bunny - and he talks like the Bee Gees on fast forward, a nasally frantic falsetto, on and on about some kind of conspiracy involving big time Wall Street operators, the Mafia, and a bunch of famous journalists. Somebody’s got to stop these people, the Bunny says, or the American financial system is going to come crashing to its knees. Also, the bad guys might put a bullet between the Easter Bunny’s ears.

* * * * *

Part 1 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up
by RoryKearney | July 11, 2008 at 07:13 am | 6635 views | 33 comments
http://www.nowpublic.com/world/naked-shorts-75-000-cracking-wall-street-cover

Part 2 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up
by RoryKearney | July 18, 2008 at 08:43 am | 531 views | 1 comment
http://www.nowpublic.com/world/part-2-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 3 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by by RoryKearney | July 19, 2008 at 06:32 am |1162 views | 3 comments
http://www.nowpublic.com/world/part-3-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 4 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 23, 2008 at 10:05 am | 550 views | add comment
http://www.nowpublic.com/world/part-4-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 5 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 23, 2008 at 10:05 am |1760 views | add comment
http://www.nowpublic.com/world/part-5-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 6— Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 26, 2008 at 08:03 am | 626 views | 2 comments
http://www.nowpublic.com/world/part-6-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 7— Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 29, 2008 at 08:13 pm | 1783 views | add comment
http://www.nowpublic.com/world/part-7-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 8 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | July 31, 2008 at 05:05 pm | 374 views | add comment
http://www.nowpublic.com/world/part-8-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 9 — Naked Shorts — $75,000 For Cracking the Wall Street Cover-up REDUX
by RoryKearney | August 6, 2008 at 07:56 am | 350 views | add comment
http://www.nowpublic.com/world/part-9-naked-shorts-75-000-cracking-wall-street-cover-redux

Part 10 - Overstock CEO Patrick Byrne Carpet Bombs Wall Street & The Media on the Don Harrold Show (Video)
by RoryKearney | August 26, 2008 at 12:27 pm | 386 views | 2 comment
http://www.nowpublic.com/world/overstock-ceo-patrick-byrne-carpet-bombs-wall-street-media-don-harrold-show-video

Part 11- I AIN'T LEAVIN' TILL THEY THROW ME OUT!
by RoryKearney | August 28, 2008 at 03:16 pm | 409 views | 2 comments
http://www.nowpublic.com/world/i-aint-leavin-till-they-throw-me-out

Just Say Yes. The FDA Ties That Bind. A Saturday Morning Rant.
by RoryKearney | July 12, 2008 at 08:24 am | 245 views | add comment
http://www.nowpublic.com/health/just-say-yes-fda-ties-bind-saturday-morning-rant

Everything I write is my opinion. If I have made any factual errors, please notify me, and I will correct them.