Using Veritas to Construct the "Per…

29-04-2017 Hits:85773 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:80003 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:79864 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:84342 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:80884 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:83130 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:54140 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:82264 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:82117 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:81985 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:88010 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:85884 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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I received an email (posted below) from Aaron Krowne, a fellow independent blogger and founder of the Implode-a-Meter group of web sites. His blog has broken many stories in the banking and hedge fund sector, and has a fairly broad network of independent sources. I am not commenting on the validity of the assertions and accusations herein, but I am casting my opinion on the apparent attempt to belittle the credibility of the blogs.

I can speak first hand on this topic. The specialized financial and political blogs offer expertise, data and analysis that often rival the best think tanks, banks and research houses in the world. I am not exaggerating here. I happen to be quite proud of the stuff that is generated. I am also impressed at the speed and actual accuracy of the breaking stories. This depth, collective breadth, and reflexive responsive times available through the blogoshpere makes it not only a viable conduit for news, analysis, opinion and information, but also an apparent threat to the struggling mainstream media model. Reference the back and forth between CNBC and Zerohedge as an example.

The issue in the email below is one of credibility and respect for the blogosphere. I urge all to weight in, and pass the story around for comment and investigation. Followers of BoomBustBlog.com know how the material I publish is drastically different in analysis and conclusion than that to be found in the MSM, from the government, and from sell side banking institutions. Imagine if there were no independent blogger sources such as Implode-a-Meter or BoomBustBlog. Keep in mind that Implode-a-Meter has faced many a legal issue in its dissemination of rather controversial news and information, particularly when it pertains to the potential "implosion" of a financial entity. Sound familiar???

Now, on to the email from Mr. Krowne:

 

We knew it was happening, but it looks like it was more extensive and systematic than we first thought:

http://blog.ctnews.com/teribuhl/2010/02/16/how-long-did-new-york-times-editors-know-of-kouwes-story-copying/

On Dec. 26, 2008, an online publication covering the housing market, Mortgage Implode-O-Meter, published an exclusive news report that a group of financial services firms, led by Steven Mnuchin of Dune Capital, would be buying failed IndyMac Bank from the FDIC. IndyMac was one of the first large thrift banks to be seized by the FDIC at the start of the financial crisis.

A day later, Kouwe reported for the NYT’s Dealbook that Dune Capital was expected to buy IndyMac and added two other names of buyers, JC Flowers and John Paulson, to the story. Kouwe’s report did not credit Mortgage Implode-O-Meter for first breaking the fact that 1) a private equity group was buying IndyMac 2) Dune Capital was involved.

Wire services picked up the NYT’s story and the rest of the business press ended up sourcing Kouwe for breaking the news on the sale of IndyMac to a private equity group.


Shockingly, Kouwe wrote the below, justifying his plagiarism and failures to attribute (my bold, and comments in italics):

I don’t know what to tell you. Things move so quickly on the Web that citing who had it first is something that is likely going away, especially in the age of blogs [except of course amongst blogs themselves, which give attribution religiously.]
...
For instance Dealbreaker and other blogs report on a lot of stories, but I don’t think anybody has ever cited them as being first with a particular scoop [even if no one else were doing it, would more wrongs make a right?]. I’ve had it happen to me a bunch of times at The Post and it really didn’t bother me because most readers just don’t care. They don’t read bylines and they don’t care about whether one paper cited a website or another paper in their stories [I am a reader and I can attest that I care.  The idea of attribution is to provide it for sophisticated readers and other journalists who want, nay, who NEED to see the sourcing].


Please publicize this as much as you can; the mainstream media MUST be held accountable.

Also noteworthy, the NY Times may have lifted material from one of my other sites, IamFacingForeclosure.com, back in 2007, when we were reporting on Judge Boyko in Ohio throwing out foreclosures for failure to produce the note:

http://iamfacingforeclosure.com/blog/2007/11/16/true-sale-false-securitizations/

Back then I assumed the similar (even verbatim, in parts) coverage was just a coincedence.    Now I'm not so sure.  The "similarities" in the NY Times story led some to comment back then:

“It may be a Casey [Serin, former blogger at IamFacingForeclosure.com] fantasy, but it is true in real life. I Am Facing Foreclosure broke a story that was respected enough and accurate enough to be stolen by the New York Times.”


In a final irony, the NY Times has not taken interest in any of our significant free speech "SLAPP" suits (despite my dozens of emails to prior contacts there).    While both challenge freedom of the press, in one of them, a New Hampshire Superior Court judge specifically threw out the Pentagon Papers rationale (which conferred to the NYTimes' benefit in the 70's), bringing the whole "let's shirk the blogs" mindset full circle.   Who will cry for the NY Times when they are gagged on the next "Pentagon Papers" issue by today's far more authoritarian courts, because they let their blog "competitors" get savaged by the omnipresent enemies of free speech?

(More info on the suits can be found at these URLs:

http://www.citmedialaw.org/blog/2009/sam-bayard/new-hampshire-court-tramples-constitution-reporters-privilege-section-230-what-have-you
http://ml-implode.com/viewnews/2008-10-09_FHASellerFundedDownpaymentOutfitSuesMLImplodeInEffortToSilenceCr.html)
I know that I go out of my way to  give credit and attribution in all of my posts. There is absolutely no need to steal stories, ideas and analysis from other blogs or news sources. I know that most other blogs feel similarly. For those that do not share our solidarity, I brand my charts heavily with the BoomBustBlog logo. Now you know why.

More on my thoughts on the mainstream media and its "profitable" interaction with the blogosphere: