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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: makeuwonder who wrote (4245)	3/2/2009 5:33:05 PM
From: basserdan	3 Recommendations Read Replies (1) \| Respond to of 5034

From Deep Capture.... And the Beat Goes On…. (Jim Cramer, Joe Nocera, & Doug Kass) by Patrick Byrne March 1st, 2009 I’m pretty sure that someone out there wants the finance system to crack. Not that anyone’s wrong to suspect it might crack: I’m the last guy on the planet that can be accused of being Panglossian. Not that they are wrong to decry the shenanigans of Wall Street in particular and the regulatory and political oversight of our finance system in general: the name of this blog is, after all, “DeepCapture.com”. But for four years I’ve been eagerly flushing the handle while watching these guys circle the bowl. In that time I’ve developed a sense of how they operate. I’m pretty sure now that their orders are, quite simply, to try to crack the system. We have Joe Nocera’s Sunday New York Times piece, “Propping Up a House of Cards“ ( tinyurl.com ), that basically says AIG has the financial world by the throat and that as they die they’ll take the rest of the world with them. Maybe so. But one would think Nocera would be able to draw on better sources than Donn Vickrey. From what is publicly known about Donn Vickrey, from what has been publicly alleged (in these three affidavits tinyurl.com , tinyurl.com , tinyurl.com ) then publicly admitted ( tinyurl.com ), Nocera’s continued use of him as a source (and the New York Times‘ tolerance thereof) is a disgrace. That Nocera quotes shamelessly from him signals that the gang is back in town. But more interesting to me are recent pieces on Warren Buffett. The hit parade has been led by Doug Kass, a kind of half-bright Jim Cramer-wannabee, but Jim himself has added his own special brand of empty insinuation. From the last four weeks alone: January 27, 2009 “Kass: Is This the End of Warren Buffett?” ( tinyurl.com ). In full, this article reads (no kidding), “Reflecting some of the above concerns and since late September 2008, Berkshire’s shares have fallen from $145,000 a share to $85,000 a share. There is no apparent end to the decline in sight. All good things, it seems, in markets and life, must come to an end.” That is to say, the entirety of the analysis Doug Kass performs is that something has gone lower therefore there is no end in sight to its going lower. (Isn’t that the quintessential panic argument?) Continued at: deepcapture.com