The article posted below should be read for the light it throws on the morals, manners, and breeding of some of New York’s most eminent and public financiers.
“His father was a partner at the Los Angeles law firm of Irell & Manella LLP and general counsel for Williams-Sonoma. His mother is a historian. Loeb’s great-aunt, Ruth Handler, created the Barbie doll and co-founded Mattel Inc.[4]”
I do not know of a single financier born and bred in Asia who has ever engaged in this sort of thing.
Astute readers will note the close parallels between the type of invective used by this well-known, indeed, adulated financier, and the type used by the denizen of the underworld who has favored me with his obsession.
Note the nature of the victims – female, Gentile, working for/advocating positions antithetical to the interests of the colluding short-sellers.
Note the nature of the invective – scatological (queefs, farts, shit) and sexual (prostitutes,whores, bimbos, pimps); calculated to cause intense emotional and reputational injury by sheer association, without offering either reason or evidence, yet evading legal liability, under the West’s servile definition of freedom.
Notice how American “libertarians” (aka licensitarians), who find burqas objectionable, not only never voice any objection to this kind of barbarous public attack, they post the self-serving rants of their perpetrators, with obvious pride in the association.
Such “liberty” shows itself to be nothing more than servility to the powerful and the malicious.
The very scurrility of the attacks assures this, since most ordinary people, especially women, cannot/will not counter with invective in kind, both from moral and prudential reasons.
Judd Bagley at Antisocialmedia.net:
“In late 2005, I spent over four hours interviewing Overstock.com CEO Patrick Byrne as part of a podcast series on entrepreneurship I created.
After I published the audio of the interview, somebody posted a link to it on the Yahoo Finance message board dedicated to Overstock.com.
Seeking the origin of the resulting surge in downloads led to my first stock message board visit.
It was really strange.
What first struck me was the flurry of responses to the original posts in which users with foul mouths and bad attitudes warned that the linked mp3s contained computer viruses.
Of course, no mp3 has ever carried a virus, as I’m fairly certain the posters knew.
These were followed up by all manner of lies meant to discourage others from listening to any of the three Byrne interviews I would eventually publish.
[Lila: And that is evidently the reason for Mr. Ryals’ verbal assaults against me and others. They are intended to thoroughly confuse and intimidate.]
Worse, they posted all manner of lies about Patrick Byrne personally – something I was in a unique position to recognize having just interviewed him at length.
Intrigued, I started examining the posting histories of the most prolific sources of this disinformation, trying to identify patterns that might in turn reveal their underlying motives and, often enough, their real identities……..
Consider the following notable example.
I’ve previously written about evidence received demonstrating that hedge fund Third Point, LLC contracted with convicted stock fraudster Michelle McDonough, whose duties included coordinating the efforts of message board bashers and inducing certain captured journalists to report negatively on targeted companies.
I’ve also written about Third Point founder Daniel Loeb’s well-known history of posting on the Yahoo and Silicon Investor stock message boards under the alias Mr. Pink.
Before getting to the rest of the story, here’s some background.
About the same time I first visited Yahoo Finance, a company called SFBC International (now PharmaNet Development Group) came under a blistering attack by Daniel Loeb, who very publicly announced Third Point’s sizeable short interest in the company.
SFBC got hit from all sides, and its share price withered.
In particular, there was a deluge of libelous (though tame compared to others I’ve seen) posts to Yahoo’s SBFC message board. Most notable were the attacks leveled against then-SFBC Chairwoman and President Lisa Krinsky.
Krinsky responded by filing a lawsuit against ten anonymous posters: Does 1 through 10.
In order to discover the identities of the ten Does, Yahoo was served with a subpoena.
In accordance with policy, Yahoo alerted the posters, giving them two weeks in which to contest the subpoena – an expensive proposition few bashers have the financial ability to pursue.
And indeed, none of the ten Does opted to put up a fight.
With one exception: Doe number 6, known on Yahoo Finance as Senor_Pinche_Wey (which is a slang Spanish term that is as obscene as you can imagine).
A typical post by Senor_Pinche_Wey reads:
…I will reciprocate [fellatio] with Lisa [Krinsky] even though she has fat thighs, a fake medical degree, “queefs” and has poor feminine hygiene…
Doe-6 fought the subpoena, was rejected, and appealed to California’s Sixth Appellate court.
Clearly, Doe-6 had some resources backing him up…to say nothing of a deep motivation not to be exposed.
And, fortunately for Doe-6, his appeal was successful and the subpoena was quashed.
This decision – handed down in February of this year – essentially affirms the First Amendment rights of message board bashers to say whatever they want about the officers of public companies. (An excellent analysis of the decision can be viewed here.)
In their decision, the Court noted:
We likewise conclude that the language of Doe 6’s posts, together with the surrounding circumstances — including the recent public attention to SFBC’s practices and the entire “SFCC” message-board discussion over a two-month period — compels the conclusion that the statements of which plaintiff complains are not actionable. Rather, they fall into the category of crude, satirical hyperbole which, while reflecting the immaturity of the speaker, constitute protected opinion under the First Amendment.
Interesting.
Ready for the other shoe to drop?
I’ve learned, through multiple sources, that the immature speaker in this case, Doe-6 (aka Senor_Pinche_Wey) was none other than Daniel Loeb himself.
As a matter of fact, Senor_Pinche_Wey is one of many abusive message board identities used by Loeb to harass officers of companies Third Point was shorting, often illegally.
On August 12, 2005, Patrick Byrne first publicly accused several hedge funds of working in coordination to illegally manipulate the share price of Overstock.com and many other small, public companies. Within 48 hours, armies of bashers arrived for the first time on the Overstock.com stock message boards across the web, all working off of a the same obvious set of talking points. Among the points these bashers took the greatest care to make, time and again: that Byrne was crazy for thinking that any two hedge funds would ever work together when shorting.
In case there are any doubts left regarding Byrne’s claims, I invite you to look at this message board exchange, between Senor_Pinche_Wey, LaseriumQueen, bobbingbargains, disgustedinvestor, kidstockjoec, jidoo, and Polytechnic_Trader.
What makes it so interesting is that at least 72% of the participants are hedge fund managers shorting the company they’re smearing.
Specifically, Senor_Pinche_Wey belongs to Daniel Loeb, while LaseriumQueen, bobbingbargains, disgustedinvestor, and kidstockjoec all belong to Robert Chapman, founder of hedge fund Chapman Capital.
Polytechnic_Trader and jidoo may or may not belong to Loeb or Chapman…I don’t know either way.
I do know that Chapman also posts under the aliases tautologicaltrader, ghaulty_lodgick, notably_absent, and herniatedgorilla – all of which can be seen, time after time, posting things I’m quite certain Chapman would not dare say in person.
Do hedge funds coordinate their attacks?
Yes.
And as you’ll read in a soon-to-be-published-post, message board bashing is only the beginning.”
[Lila: Based on my experience, I’d say that after the bashing, comes investigation, surveillance/monitoring, threats, and even physical stalking. In short, criminal behavior by criminals. What a shock.]