Did a CNBC Reporter Help Destroy Bear Stearns?
Let’s pick up “The Story of Deep Capture” where it left off – with the demise of Bear Stearns and the near collapse of the American financial system. It’s April 2, 2008, and CNBC reporter Charlie...
View ArticleGoldman pillages, Goldman steals, Goldman Sachs
(As I mentioned in an earlier post, I’m looking for extra feedback on the ideas presented here, as they are currently under development and able to benefit greatly from your insights.) I think we can...
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Eight long hours inside the SEC
Deep Capture goes to Washington. (Washington, DC) The SEC’s roundtable on securities lending and short selling got started today, and Deep Capture was there. What follows is my assessment, based on my...
View ArticleThree short hours inside the SEC
I’m usually a real optimist. Sometimes to a fault, according to my more balanced wife. But when it comes to financial market reform, I’ve devolved into a deeply cynical pessimist. Too many stinging...
View ArticleGoldman Sachs, John Paulson, and the Hedge Funds that Pumped and Dumped Our...
It is perhaps beyond the ability of an innocent public to believe this, but there is a growing body of evidence that a few mad scientists might have engineered the near-destruction of the American...
View ArticleGoldman’s gold has lost its luster
The most clichéd, yet satisfying, moment in any movie comes when the brutally bullying antagonist discovers he’s lost that which had empowered his abusive nature. Wait…I take that back. Seeing that...
View ArticleMichael Milken Redux: Insider Trading Indictments on the Horizon for SAC...
It’s been a long time coming, but the guys with guns and badges might soon be slapping handcuffs on some of Wall Street’s most destructive miscreants. According to a report posted over the weekend on...
View ArticleJeffrey Sachs Joins the Revolution
I remember not too long ago people who said that Wall Street is full of crooks were considered to be off-kilter. At the same time, it was commonly understood that they were saying the obvious, but for...
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Goldman Sachs Internal Memo (Yesterday): “Easy to Borrow List to be...
This post may be a little inside-baseball. I will not explain at length the significance of this (if it does not make sense, you will have to read around in DeepCapture to understand it fully), but the...
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