June 21, 2006

The Party of “Pump and Dump”?

Filed under: Business Moves, MSM Biz/Other Bias, News from Other Sites, Scams — TBlumer @ 8:11 pm

I know, we’re not supposed to make anything of the following:

  • Daily Kos comrade and “Crashing the Gates” co-author Jerome Armstrong’s history with the SEC that includes charges of forum “touting” (at a place called Raging Bull) of a stock that has proven virtually worthless without disclosing his being compensated for doing so, and anecdotal evidence that there were more examples (my SOB Alliance Post [original source for much of the material is OH02, Tom Maguire with links to docs and to the NY Post story.
  • Jerome Armstrong goes to work for Mark Warner, a “DLC” (Democratic Leadership Council) type who one would expect Kos to despise. Voila! Kos thinks Warner’s at least an OK guy, and maybe then some.
  • The fact that Kos went to the trouble of distributing an e-mail to his followers “requesting” that they NOT blog on the Armstrong matter (”starve it of oxygen”), and warning ominously that he is “exploring legal options” against those who have dared post or link to stories about his and Armstrong’s situation.

Nah, I’m sure it’s all purrrrrfectly innocent (and there’s more at TNR, RedState, RedState again, Ace, Hot Air, a timeline at TKS, and too many others to mention).

It’s just as innocent as it would be, and would “of course” be treated the same by the WORMs (Worn-Out Reactionary Media, known to most as The Mainstream Media), if someone in the conservative blogosphere had issues in their stock-trading past or was inexplicably shifting his or her loyalty.
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UPDATE: Mark in Mexico points out that Kos has a lot of illustrious historical company that would have benefitted from having things “ignored for now.”

1 Comment

  1. Markos Moulitsas Zuniga (Daily Kos) in good company

    While it is not the purpose of this post to excuse the actions of Moulitsas Zuniga and Jerome Armstrong, I think it important to note that this request for discretion is not unprecedented.

    Trackback by Mark in Mexico — June 22, 2006 @ 2:03 am

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