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Zero Hedge Readers Complimented On Their Attention To Detail By Reuters
It appears that even "conspiracy-minded, often-disjointed and harmful-only-to-themselves retail day-traders" are capable of not only participating in the content creation effort, but on occasion, making useful contributions to fact-finding. Or so thinks Reuters' Matt Goldstein in his latest piece "Sheila Bair and the black marker":
the FDIC actually tried to keep some of those meetings between Bair and Parsons secret–along with a number of other meetings the FDIC chairwoman had this summer. The FDIC said it needed to redact some of the entries to protect the agency’s work with the banks it regulates. The agency did this by using a simple black marker to cover over the names of some people.
The trouble is the black marker was a dud–and the names of the people Bair met with on those days were clearly visible. That’s a good thing because it would have made it much harder for me to do my story.
Did someone at the FDIC screw up? It certainly seems that way. But the public is all the better for it.
Here's to you: conspiracy-focused, day-trading, idiotic ZH reader:
The loyal readers of Zerohedge, which blogged on my column, were the first to spot the FDIC’s goof and they are having a field day with this mistake.
This is what distributed content, made possible only thanks to blogging, is all about. As much as some others would prefer living in the 19th century journalistic vacuum where the (amateur) reporter's authority is undisputed, unquestioned (and irrelevant), we might add that the dinosaurs also would have likely preferred that certain K-T extinction events had similarly never occurred.
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That's because ZH readers take the time to read the actual documents rather than swallow whole the cover story provided on the cover sheet
Oh please, CD...admit it -- the only reason you visit this site is because you find Brad Pitt attractive.
Outed by Daedal.
Please send me a 10 x 12 picture of yourself. Your thumbnail .JPG is too small for my tired eyes. :>)
http://gizmodo.com/photogallery/propauction/1002841544?viewSize=thumb800x800
Very pretty.
Wow, that beats Brad by a country mile. Be still my aching heart.
That was a creepy movie!
Darned straight. Too bad more souls do not bother to take the time to look past the headlines and actually read 10Q's either...
Oh stop it, Tyler. There you go confusing Obama and his legion of idiots with the facts again, gosh darn it.
Way to go ZH.
jr. staffer whistle blower?
I'm not so much a "loyal reader"... that implies I've got constant support and allegiance to this site... which is bullshit.
I read this site because it is informative and reasonably accurate. I read this site because it doesn't talk down to me. I read this site because it doesn't make me "stupider", like, say CNBC.
So fuck the "loyal reader" bullshit. This is about merit, not allegiance.
You are half right. Loyalty and/or community is the base that feeds the machine. Without it/us there is nothing. Let's call it "cloud consciousness" (like cloud computing). We are the rats spinning the wheel providing tips, input, sharing knowledge. Hell, TD and the crew are great, but I get most of my actionable items from the PM's and RT's and many others of the site in the comments section. The loyalty component comes with the CAUSE not necessarily the site. Lord knows if we don't defend the cause (or spread the knowledge or truth), no one else will.
"Cloudsourcing".. gotta use these buzzwords or they'll burn out.
You nailed the two main reasons I don't pay attention to the mainstream media:
1. They talk down to me. (ZH, otoh, talks to me like I know a hell of a lot more than I really do, so I have to study to keep up.)
2. I feel stupider after listening to them. (ZH doesn't make me feel smarter, but it does force me to _be_ smarter.)
Tody's MSM is the direct offspring of outcome-based education, feel-good-ism, and the worship of positive self-esteem - all of which have taught a generation of people that feeling good is more important than _doing_ good. (Yes, the grammar of that last sentence is correct, if a little strained.)
"Today's MSM is the direct offspring of outcome-based education, feel-good-ism, and the worship of positive self-esteem.."
Negative, dood! Today's MSM is the direct and engineered consent of:
50,000 Foundations + 40,000 D.C. lobbyists + 5 media-controling corporations
The proper term is "more dumber"
Just the facts ma'am.
I just hope you guys impress some important people who can cover your ass as this shit unfolds. Smith & Wesson beats Royal Flush and the villains are running out of cards up their sleeves.
On a brighter note, you have already made it through being ignored and being made fun of. By the time they start actually fighting you, it will be too late for them.
Instant feedback facilitating fact checking and providing additional insights into stories? No, thats way too common sense...and if we listened to common sense then what would the world's self proclaimed experts do?
I think the best media is presented to me in narrative form as I nod in agreement. I mean c'mon people, these folk went to J-school, lets just stick to our dayjobs and trust the professoinal journalists.
I read ZH to expand my financial literacy even though I am a buy and hold kind of guy.
Webelos....We Be Loyal Scouts
Loyal to the truth....loyal to critical thinking
Loyal to knowing that rats smell and roaches scurry
Loyal to our own more or less twisted versions of personal integrity
Loyal to some kind of honor, a kind that makes reasonable attempts to avoid stealing from babies and the elderly at least, and to honor facts and reality less in the breach and more in the center of whatever still holds in this possible twilight of what once passed for civil society
Not loyal to a blog or to an icon or an avatar.
Not for sale (at least the hive mind isn't)!
Loyal to lucifer? some posters are... careful.
I am a loyal ZH reader. I will follow all orders given to me by ZH and make all trades in accordance with orders from ZH.
All my comrades in the Hitler Youth will do the same.
(or at least we will when ZH gives orders, which, to my knowledge, is never)
Why does Felix Salmon hate Murrica?
I follow this site because it is helpful. It is neither always right nor unbiased. Neither is any other source of information I have found.
As others have noted, the comments are very informative and add greatly to the value of the site. So, thanks to you guys who take the time to share the meaning of what would otherwise be just a pile of numbers or a chart.
My personal experience with MSM reporters led me to suspect a bias on their part in all cases. By publishing complete documents, commenting on the aspects of government reports that do not fit the MSM spin, pointing out inconsistencies in government reports (the birth/death employment fudge being one example), etc. ZH compared to the material on MSM (I suppose CNBC is the poster child) affirms my experience.
I am one of the dreaded amateurs although I tend to be more of a swing trader than day trader. I have been at this for about a year. Felix Salmon is a writer I followed carefully for the first 3 - 5 months this year. Now, I rarely read anything he publishes. Sorry, Felix, but ZH is a far more fruitful use of my time.
Keep up the good work.
"My personal experience with MSM reporters led me to suspect a bias on their part in all cases."
Dood, duh! NPR has on guests where they fail to state their backgrounds repeatedly, or consistently have on American Enterprise Institute shills, which is giving free advertising to the philosophy of their chairman, the owner of the largest hedge fund on the planet.
Then there's PBS News Hour, where 87% of their "guests" belong to the same lobbyist group for the arms dealers, the Council on Foreign Relations. Duuuuhh!
Sorry (for my acerbic response), but I'm rather appalled everytime I hear the mention of Richard Holbrooke's name on NPR and elsewhere, with regard to Afghanistan stories, and their neglecting to mention his past affiliation (we hope it's in the past) with AIG.
They have on Prof. Morici (Bretton Woods Committee - lobby for the ultra-rich and most anti-worker, anti-union bunch around) from Univ. of Md. but neglect to mention he was the American trade rep who helped lay the foundation of all our problems.
And on and on.....Foxtard and NPR, the primo propaganda conduits and screw the rest.
God Bless TD!
I have to wonder what going shopping at the FDIC would be like now that I have seen their efforts at information security.
You have to wonder if their computer firewalls are just as transparent as their black magic markers.
Zero Hedge is a superb financial site.
Though, I must confess, I find their name a bit misleading. The implication with 'Zero Hedge' is that there's no such thing as a hedge, much less a perfect hedge. I disagree. There is such a thing as a perfect hedge, and it can be found in a Japanese garden.
Which is a great coincidence since that's where the US economy has been buried!
rekanize bitchez!
C'Mon Tyler -- you know full well that dinosaurs weren't killed off in a singular K-T extinction event.
It was smoking unfiltered cigarettes that killed off all the dinosaurs. :)
Ted Kennedy smoked cigarettes? The MSM never mentioned that...
Thanks to everyone here they won't be making the same mistake again. Everything will be redacted properly from now on.
A great time to ask for DONATIONS....please come in out of the vortex of lies. Marla's got radio too
It is plain lazyness. Everyone knows that you mark it out with a black pin on the front and back and then photocopy the copy. Finally, you look at the copy to make sure that you can not see the original document. If you send out the original blacked out, you can always see the text in the orginal one way or another. I really do hate to see criminal incompetence as it gives crooks a bad name.
Is this behind the times now??
"In a sign of just how radically the order has shifted in the political and media world, neither the Times nor Schumer had a clue about the identity of the pseudonymous author behind Zero Hedge. As it happens, the founder is a 30-year-old Bulgarian immigrant banned from working in the brokerage business for insider trading. A former hedge-fund analyst, he’s also a zealous believer in a sweeping conspiracy that casts the alumni of Goldman Sachs as a powerful cabal at the helm of U.S. policy, with the Treasury and the Federal Reserve colluding to preserve the status quo. His antidote? A purifying market crash that leads to the elimination of the big banks altogether and the reinstatement of genuine free-market capitalism.
Never mind Dow 10,000. Dan Ivandjiiski is all about Dow Zero."
http://nymag.com/guides/money/2009/59457/
You make that sound like a bad thing...
Nice piece of dis-information Tyler...
"Ted Kennedy smoked cigarettes? The MSM never mentioned that..."
And lets not forget that Tuesday marked his fifth week sober.
keychain time!
http://rlv.zcache.com/clean_and_sober_keychain-p146880692917643744td8i_2...
to TD:I think zh should start a special section where we can point all the spelling and grammer mistakes of MSM great journalists,to show the level that MSM has reached. Mind you,those are paid writers(and handsomely I assume),and not part time bloggers. So the least thing they can do,is present a well written article,since most of those articles are useless anyway. So here is my contribution:In ths aforementined article,here is what the journalist has written,with mistakes between brackets:"I didn’t point out this (market) malfunction in the column. I figured people would notice it once they started digging through the 92-page datebook, which was posted along with the column.
The loyal readers of Zerohedge, (which) blogged on my column, were the first to spot the FDIC’s goof and they are having a field day with this mistake."
My take:doesn't he mean "marker" instead of "market"(glad this was not a market moving story as we might have seen the s&p jump 40 points,or may be that is how it works nowadays). The second one:"who" instead of "which"(unless he thinks zh readers are monkeys instead of humans?Having said all that,my first language is not English,and I don't get paid for writing here,neither I work for a prime MSM. Go figure..........................
Maybe they'll give us a special barracks in the FEMA camp? You know...with high speed internet and a trading station for each of us?
Yea, and maybe an extra roll of $100 bills each week to use as toilet paper.
Someone posted this comment on Felix Salmon's reuters blog: "If you wrestle with pigs you both get dirty but the pig has more fun. That's all anyone needs to know about markets and arguing with ZHies."
Pretty funny how others view this web site. Let them underestimate the power of "ZHies" at their own peril.
MSM = late 29 y/o girl. ZH = hot 19 y/o out at the bar with fake id.
hateration to ensue.
ok - so i feel like a total moron...I posted on "marla's letter" without knowing about the Felix thing.
Question: why does he link her letter as "Equity Private"
fyi...
Brackets are [].
Parantheses are ().
It's not so much a conspiracy as
like-wired minds. They compensate for
low individual brain power by forming
into a group. Individually, they are
quite irrational for lack of coping skills.
In a group, they can become so
efficient that they suck
the life right out of a population.
It's a wiring trade-off.
The current implementation employs
computers, so you want to be smarter
than a computer, which isn't hard.
Computers have no tolerance for
unexpected input, and profit depends
entirely on the abilty to adapt.
The human mind comes with a
default timeline memory system.
It's incredibly efficient, but
increasingly ineffective. Throw it out.
If you have done any memory
programming, draw a little diagram
for a simple retrieval and you'll see
why.
Replace it with a pointer system,
pointing to, instead of storing facts,
which are relevant. This removes
the artificial filter against new
information, increases capacity for
analysis, and pulls analysis closer
to the root for increased power.
Over time these pointers to pointers
will naturally align with the algorithm
of History. It becomes a matching
program. You can confirm, set aside
for additional investigation, or
invalidate. Each period of History
changes its clothing, and fragments,
but they are essentially similar.
The universe is a recursive program.
Your mind will automatically insert
pointers to maintain a timeline in your
subconcious. If you need timeline
specific facts, issue an order before
you go to sleep, and your mind will
retrieve it for you.
With this, I bid you adieu.
Best wishes.