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I love you Bess and you're a very talented writer but I had to throw up when you wrote that delusional sentence claiming Gas-Bag is one of Wall Street foremost investigative journalist. Maybe Maybe he did investigative reporting years ago at the WSJ but what comes out of his mouth at CNBC is just rumor leaks. Very little hard news that really holds up and if it does he got it from a print reporter at NY Post, Bloomberg,Reuters or WSJ that he forgets to source.
@11 That was balls out of Buhl and HF Implode to go after the WSJ like that. I love it - media brawl between to chic reporters. Bess - Thanks for bringing this story to our attention. It's unfortunate to see but some of our top hedge funds are easy targets these days. You can saw anything in a lawsuit. There isn't enough information yet in this case. If this thing really goes to trial then I'll get excited. A Falcone takedown would be a fun show but I doubt it's going to happen. Now let's get back to Stevie Cohen that's where the real insider trading is going down.
Oh my God - If the Feds are now investigating New Stream does this mean they might have been tipped off by Dealbreaker's report on the fund this summer? I remember Bryson when he was running a fund at AIG - he was was doing shady deals then and was such a fast talker the big brass had no idea what he was investing in. But I'm not sure if the guy is just incompetent or a fraudster.
@32 I also tried to comment on Dealbook's story lift of the Citadel news. They didn't post my comment but I clearly struck a nerve with their reporter. He wrote back trying to justify his lack of sourcing and seems to still not understand that lots of other publications like Bloomberg, Business Insider, Reuters source Dealbreaker all the time for being first to a story. He says this is a 'small news item' yet checking the number of his reports on Dealbook I see he doesn't report daily and this was likely a decent size story for him. I doubt Kouwe actually got his own copy of the Citadel letter. Here is his email: Old Oil trader, If I spent my time trying to figure out where every small piece of news was first reported, then I'd spend all day trying to figure out which blog, website, Facebook page ect. was first to have a certain piece of information instead of actually reporting. I started writing this piece after I received the letter, which is around the same time others most likely received the letter. Bloomberg and other wire services often receive pieces of news before one another and don't spend all day crediting those who had the info an hour before. -- Zachery Kouwe Business Reporter The New York Times 620 Eighth Ave New York, NY 10018-1405 (p) 212-556-3824 (c) 551-655-4032 kouwe@nytimes.com
Was Gaparino there?
So it looks like Dealbreaker was right when they reported (Monday) Galleon partner's quote about the firm is likely to wind down this week. Once again great reporting by Buhl and Dealbreaker.
As a minor investor in Doubledown Media I've already written off any hope of getting our money back. But since Mr. Lane gave very little communication before he filed Chapter 7 I find stories like these very insightful, along with the comments. I hope this publication or other journalist continue to uncover what really happened. From my seat it unfortunatley looks like foul play by the companies executive managment.