Comments on: Insta-Reporting, Clusterstock-Style!

By: On Rolling Stone, Penson Financial, the Mafia, and Naked Short Selling | Deep Capture: exposing the crime of naked short selling

Thu, 08 Oct 2009 01:34:41 +0000

[...] video is a “hoax.” Taibbi has written a fine rebuttal to that claim (which you can read here), so I have nothing to add, except that ClusterStock was founded by Henry Blodget, who was famously [...]

By: sarge

sarge — Wed, 07 Oct 2009 16:12:56 +0000

tonyryals wrote:

“Further think – where did you first hear the term ‘naked shorting’ ? It was NOT used during the depression and if it was used at all before James Dale Davidson,David Patch,Grant ATKINS, BRENT PIERCE,ET.AL. BEGAN PROMOTING THE TERM TO DISTRACT FROM THE PUMPS AND DUMPS AND CONSEQUENT COLLAPSE OF PENNY STOCKS THEY WERE INVOLVED WITH AROUND 2002 – I WOULD BE VERY SURPRISED.” (sic)

Check out this link.
http://news.google.com/newspapers?id=GoMOAAAAIBAJ&sjid=2oEDAAAAIBAJ&pg=2694,2821195&dq=naked+short+selling&hl=en

Be sure to check the publication date.

By: William K. Wolfrum Chronicles » Blog Archive » Video proof that Matt Taibbi is a naked short selling dupe

Wed, 07 Oct 2009 13:45:26 +0000

[...] and that the video doesn’t show him being duped at all. Well bully for these morons. Because I never said the video was of Matt Taibbi or that the video was proof that Matt Taibbi is a naked short selling dupe. [...]

By: tonyryals

tonyryals — Wed, 07 Oct 2009 03:12:21 +0000

Matt,
While I have every sympathy for your worst thoughts re Goldman Sachs I must beg to differ with the unending flood of misinformation around the term ‘naked short selling’.I was defrauded in a Stanford University connected ‘pump and dump’ fraud and I believe money laundering operation called Endovasc between
200 and well – now -because I am still fighting it and James Dale Davidson of the National Taxpayers Union and David P Summers a Beltway banker who fraudulently popsed as a Texas biotech ‘genius’ to pull it off.Worse is that Davidson’s NTU office is only a few blocks from the main SEC office in Alexandria,Virginia.And when they disappeared the NAANSS(see below) from the internet in 2005,it was replaced by Patrick Byrne’s NCANS and if you believe any of the scams called ‘public companies’ were or are the victims of ‘naked shorting’ rather than insider manipulation and pump and dump fraud I have an offshore island I bought just for you.
Note below the link to sec.gov 2008 in which ex SEC Chair Chris ‘Naked Shorts’ Cox even claims your favorite company Goldman Sachs was ‘naked shorted’ – a purposeful lie on his part.
Just as bad Utah Moron Senators Bob Bennett and Orrin Hatch have been aiding and abetting the lie that penny stocks such as Global Links and Byrne’s Overstock.con were ‘naked shorted’. All lies.I believed Endovasc was ‘naked shorted’ which is why I am still fighting this after all these years and I believed they were a legit biotech company !
Further think – where did you first hear the term ‘naked shorting’ ? It was NOT used during the depression and if it was used at all before James Dale Davidson,David Patch,Grant ATKINS, BRENT PIERCE,ET.AL. BEGAN PROMOTING THE TERM TO DISTRACT FROM THE PUMPS AND DUMPS AND CONSEQUENT COLLAPSE OF PENNY STOCKS THEY WERE INVOLVED WITH AROUND 2002 – I WOULD BE VERY SURPRISED. Yet even Senators Carl Levin and Arlen ‘Magic Bullet’ Specter are badgering it about now -perhaps to cover up Fannie Mae and Freddie Mac that Michael Moore’s pal Rahm Emanuel and many more Beltway politicos are enmeshed in,including Barney Frank’s boyfriend through Fannie Mae.This is the lie that has gone around the world on Al Jazeera in english in 2006 and Bloomberg and in the UK for the first time I believe in 2007 when Times of London and The Guardian hinted Norther Rock was ‘naked shorted and in Australia 2008.The source is James Dale Davidson’s now disappeared NAANSS and Patrick Byrne’s Overstock.con.

According to Ex Securities Exchange Commission Chairman Christopher
‘Naked Shorts’ Cox who created the reg to make coventional shorting
easier then lied about Fannie Mae and Freddie Mac being ‘naked
shorted’(when in fact all investors were receiving their dividends so
ZERO shares were counterfeit’ or ‘naked shorts’ were in circulation at
least at dividend paying time) he also said that Goldman Sachs WAS
BEING ‘NAKED SHORTED’ IN 2008 ! Wasn’t Goldman Sachs ALSO PAYING
DIVIDENDS LIKE FANNIE MAE AND FREDDIE MAC ? DID ANY SHAREHOLDERS COME
to dealbookFORWARD TO SAY THEY DIDN’T RECEIVE THEIR DIVIDEND ? NO!

The ‘naked short selling’ term was first popularized by James Dale
Davidson of the National Taxpayers Association,a lobbyist and tax
avoidence club and penny stock money laundering operation for
multi-millionaires and billionaires who run penny stock pumps and
dumps as for as I can make out,or aid and abet those who do.Davidson’s
pal Steve Forbes has also lied about unnamed stocks being ‘naked
shorted’ for some reason.The fraudulent claim of naked shorting works
for penny stocks that do not pay dividends but it is a proveable lie
when the claim is made for stocks like the Ponzi scheme Novastar
Financial that was more like a ponzi scheme that paid dividends until
it didn’t.But while it did pay dividends NO shareholder ever claimed
they didn’t receive them.
Novastar Financial ,was the scam that Bill and Hillary Clinton’s and
Jane Harman’s and the present Honduran coup leaders’ attorney, Lanny
Davis, defended from fraud charges but stayed silent on its fraudulent
naked short victim claim.In fact so did NFI or Novastar’s ‘management’
who allowed Patrick Byrne of Overstock.con and his NCANS or National
Coalition Against Naked Short Selling’ that replaced James Dale
Davidson’s NAANSS in 2005 to make the fraudulent claim for them to
distract from the organized semi-anonymous crminal gang,with the
exception of Byrne and a couplr of others who revealed there
identities, and ran the nfi.net and ncans.net and later
thesanitycheck.com site that Bud Burrell threatens my life from at the
apparent pleasure of Byrne,ex Utah Governor Jon Huntsman and the ‘man’
who appointed him to U.S.China Ambassador Barack Osama Obama.Yes Obama
could have Bud Burrell stop threatening me because he has direct
contact with his U.S.Ambassador to Chins Jon Huntsman who received
$75,000 FROM THEM !
You and Matt Taibbi can all thank James Dale Davidson for giving you
so much ‘naked shorting bs’ to write about now that you know and you
can still view Chris Cox,corrupt Houton attorney John
O’Quinn,Georgetown University’s corrupt ‘business’ professor James
Angel,Patrick Byrne,and the mysterious
‘Bobo O’Brien of NCANS,NFI and Circle Group Holdings PENNY STOCK PUMP
AND DUMP,(that James Dale Davidson coincidentally held up as a poster
child for ‘naked shorting on his Agora Inc Vantafe Point blog before
Bob O’Brien took over),on Bloomberg’s 2006 video mis-infomercial even
now.

http://www.sec.gov/news/press/2008/2008-143.htm

Washington, D.C., July 15, 2008 – The Securities and Exchange
Commission today issued an emergency order to enhance investor
protections against “naked” short selling in the securities of Fannie
Mae, Freddie Mac, and primary dealers at commercial and investment
banks.

“The SEC’s mission to protect investors, maintain orderly markets, and
promote capital formation is more important now than it has ever
been,” said SEC Chairman Christopher Cox. “Today’s Commission action
aims to stop unlawful manipulation through ‘naked’ short selling that
threatens the stability of financial institutions….’

The securities identified in the Commission’s order:

Company Ticker Symbol(s)
BNP Paribas Securities Corp. BNPQF or BNPQY
Bank of America Corporation BAC
Barclays PLC BCS
Citigroup Inc. C
Credit Suisse Group CS

Daiwa Securities Group Inc. DSECY
Deutsche Bank Group AG DB
Allianz SE AZ
Goldman, Sachs Group Inc GS
Royal Bank ADS RBS
HSBC Holdings PLC ADS HBC and HSI
J. P. Morgan Chase & Co. JPM
Lehman Brothers Holdings Inc. LEH
Merrill Lynch & Co., Inc. MER
Mizuho Financial Group, Inc. MFG
Morgan Stanley MS
UBS AG UBS
Freddie Mac FRE
Fannie Mae FNM

By: koalas

koalas — Tue, 06 Oct 2009 22:50:42 +0000

I think you missed the point of my post entirely.

Matt accused Penson of wrongdoing, and Penson sent a letter to the SEC claiming a few bullet points on why this information Matt is presenting is wrong.

This is coming directly from the people he is accusing.

My point is that their claims are easily refutable with sufficient evidence from the broker, so why not just get that information to prove them wrong?

I am on Matt’s side in this issue, I’m sorry if you construed my arguments incorrectly.

By: wolfrum

wolfrum — Tue, 06 Oct 2009 22:36:22 +0000

I think folks have hit Matt enough on the issue of him being hoaxed and re-imagining the theme of his original post. Like Joe Klein, George Will, etc., Matt is a star. Such things as journalistic integrity need not apply. Any mistakes he has made are purely the fault of those who point them out, and those who point them out are clearly on the Goldman Sachs payroll. Get with the program.

By: Non-Sequiturs: 10.06.09 | Legal Help and Advice Blog

Non-Sequiturs: 10.06.09 | Legal Help and Advice Blog — Tue, 06 Oct 2009 22:30:14 +0000

[...] * Mental note: Do not piss off Matt Taibbi. [True/Slant] [...]

By: koalas

koalas — Tue, 06 Oct 2009 22:02:52 +0000

Matt,

I noticed that Penson seems to be denying that they received any locate requests at the time in the video, and that the trading software that was used was not “their’s”.

http://garyweiss.blogspot.com/2009/10/was-matt-taibbi-victim-of-hoax.html

Now, while Penson might not offer whatever software was used directly, they do process the trades for a number of different brokerage firms, such as Zecco, Cobra Trading, Investrade, MarkeTrade.com, and Placetrade Financial. Each of which offer a number of different software solutions, one of which was obviously used in the video.

Now, in order to counter Penson’s claims, wouldn’t it be possible to communicate with whatever broker that trade was processed through in order to determine for fact whether or not the broker forwarded the locate request to Penson, and that the resulting success did come from Penson?

By: consrfunny

consrfunny — Tue, 06 Oct 2009 20:11:06 +0000

This seems to have been glossed over by everyone. The posters over at Clusterstock seem to be ripping Mr. Taibbi a new one for his hack style. In fact none of the powers that be at Clusterstock have changed their original story or recanted in any way.

Who is corrent? If Matt is wrong then it is a negative mark on his credibility and if Clusterstock is wrong then the same is true of their credibility.

I find it interesting that no one seems to be making a big deal of this.

By: gypsysister

gypsysister — Tue, 06 Oct 2009 07:05:56 +0000

Or he can say what I keep reading when I see the Company Name: “Clusterfuck.”