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Is CNBC Filtering Any Reference To Zero Hedge?

Marla Singer's picture




 

From our tips line:

I am sure you have probably seen this before, but I found some interesting differences in the article by Matthew Goldstein as posted at http://blogs.reuters.com/commentaries/2009/07/05/a-goldman-trading-scandal/ and the article as posted on cnbc, http://www.cnbc.com/id/31750907.
 
From Reuters:

 

The case against Aleynikov may explain why the New York Stock Exchange moved quickly in the past week to stop reporting program stock trading for its most active firms. Goldman often was at the top of the chart–far ahead of its competitors.

On the week ending June 19, Goldman was ranked first on the NYSE program trading list. But on the week of June 22, Goldman mysteriously didn’t appear on the list of the top 15 firms at all. It simply vanished without any explanation. Then the NYSE stopped reporting the numbers. The Zerohedge blog was all over this controversy a week ago.

And now Tyler Durden of ZeroHedge has come in with his own excellent analysis of this strange, strange criminal case. I highly recommend reading it.

 

It’s possible Goldman asked the NYSE to stop reporting the number after it discovered that someone may have infiltrated the proprietary computer codes it uses.

 

From CNBC:

 

The case against Aleynikov may explain why the New York Stock Exchange moved quickly last week to stop reporting program stock trading for its most active firms. Goldman was often at the top of the chart — far ahead of its competitors.

It's possible Goldman had asked the NYSE to stop reporting the number after it discovered that someone may have infiltrated the proprietary computer codes it uses.

 

I would really like to know if Matthew Goldstein is aware that his article was changed to not only leave out any mention of zerohedge, but that it also leaves out perhaps the most curious tidbit in the whole case, that fact that Goldman didn't appear in the top 15.  Yet another example of the way in which all real journalism is manipulated by CNBC.  I guess Dennis Kneale would have to eat his words if they printed the full version.  Thats a lot of pie in the eye when a "dickweed" blogger gets credited with being on top of the issue.

We'd like to know who was doing the editing too.  And why.

Update: It seems clear now that the CNBC piece actually pre-dated other versions of the article.  Thus, Zero Hedge was apparently added later, rather than removed from the CNBC piece.  (We should have known Dennis didn't have that much pull).

 

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Mon, 07/06/2009 - 02:07 | 4782 Thaisleeze (not verified)
Thaisleeze's picture

Haha, you've got them worried Tyler, keep it up and we might end up with a decent, honest financial TV station one day.

Mon, 07/06/2009 - 02:16 | 4785 channel_zero
channel_zero's picture

I've got a news tip for you Marla, CNBC editing a Reuters story is very common.  If CNBC broke the story, then they'd have used the column inches to promote themselves.

someone may have infiltrated the proprietary computer codes it uses.

This is a different claim (and *much* more interesting in that it would explain law enforcement involvement) from what you guys posted.  Or, if you claim otherwise, then you are back-filling your own vague references with Reuters heresay.

Maybe, somewhere there's a story where GS is the bad guy in this scenario.  This isn't it.  GS gets to spin it as harming them.  What this says about GS IT/infosec compliance won't get executive management in legal peril.  Some IT people will be chosen for public sacrifice, but that's about it.

Mon, 07/06/2009 - 03:22 | 4791 Comrade de Chaos
Comrade de Chaos's picture

well TD, if it were up to the internet news readers to award the The Pulitzer Prize, you would surely get it.

thanks, for keeping us entertained.
Mon, 07/06/2009 - 16:39 | 4861 johstocks (not verified)
johstocks's picture

Money doesn"t grow on trees for most of America. We sit down at our kitchen tables and write
out checks to the phone-company, electric company, credit card-company, mortgage-company,
and auto finance company every month. We clip coupons and go to the grocery store every
week to put food in the mouths of our children. This is what our parents did before us.

good articles http://is.gd/HGYt

market should have tanked today…ppl keep buying despite crappy economy

 

Mon, 07/06/2009 - 07:25 | 4803 kilroy
kilroy's picture

Well, it's not as if anyone thought that what CNBC did was journalism.  As Jon Stewart said, CNBC is "hot ladies talk money with bald dudes". Leave the serious economic and financial analysis for Zero Hedge.

Mon, 07/06/2009 - 07:51 | 4807 Anonymous
Anonymous's picture

First they will deny you, then they will fight you;
Finally they will say they believed in you all along.

Zerohedge staff and readers --- beware #3 the beginning of co option and assimilation

Skullbisuit

Mon, 07/06/2009 - 16:44 | 4865 Anonymous
Anonymous's picture

Ever thought that because it's anonymous, in traditional journalism it's not credible.

but just let it feed the Paranoid narcissism around here. Of course everyone around her knows that "Tyler" is more like Jeff Albertson AKA Comic book Guy of the simpsons.

Funny to suggest that ZH credibility is below that of CNBC... Like a couple ugly chicks fighting over a fat guy.

Mon, 07/06/2009 - 17:26 | 4882 Quantum Noise
Quantum Noise's picture

CNBC filtering any reference to ZH? Wow, I cannot think of a better compliment.

Mon, 07/06/2009 - 17:38 | 4886 Quantum Noise
Quantum Noise's picture

Somewhat related: did you guys notice that the folks at The Business Insider cover the GS software debacle with Fight Club pictures, but it doesn't mention ZH once?

http://www.businessinsider.com/nyse-says-its-screw-up-pushed-goldman-off...

http://www.businessinsider.com/judge-sets-bail-at-750k-for-accused-forme...

 

Seems to me John Carney is a big fan of Tyler... or maybe he just has a crush on Brad Pitt?

Mon, 07/06/2009 - 20:20 | 4924 Angel Face
Angel Face's picture

ZH readers aside, anyone else reading that page is scratching their head trying to establish a relationship between the story and the picture.

Do NOT follow this link or you will be banned from the site!