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Zero Hedge's Anonymity Policy

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Friday being a slow news day, stories going around today purport to identity one of Zero Hedge's contributors. Ironically, each piece seems to reference another media outlet as a source in an interlocking circle of recursive reference that boggles the mind.

This, by our very rough count, is the fourth widespread rumor floating around purporting to identify a Zero Hedge contributor or staff member. As a matter of policy, Zero Hedge does not comment on the identity of the nearly 40 contributors of staff members that constitute our little family. Now does, however, seem an opportune time to remind readers to read our manifesto, our full-disclosure policy, "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]," and 1-2 and Marla Singer's missive on "The Financial Media."

Zero Hedge contributors and staff are not so narcissisticly married to fame that we find it necessary to take credit for our content. Nor do we believe that any amount of author reputation is (or should be) able to prop up a bad piece. We credit our readers with the requisite intelligence and skepticism to do their own fact checking and assign their own credibility ratings to our content. We cannot say the same for many of the other "financial journalists" out there.


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Fri, 08/21/2009 - 13:44 | 43619 leathaface
leathaface's picture

The last paragraph says it all.  Well done TD 

Fri, 08/21/2009 - 13:45 | 43620 SpartanTnT
SpartanTnT's picture

TD, who gives a damn what MSM says.Keep up the great work as you have obviously touched a nerve.

Fri, 08/21/2009 - 13:52 | 43650 Peter North
Peter North's picture



RE who TD is... It's about THE MESSAGE not the messenger. I weep for America because this simple concept is forgotten or ignored.

Fri, 08/21/2009 - 13:45 | 43621 Mos
Mos's picture

Does it really matter who TD is?  To be honest I really don't care and his identity doesn't change the truth of the message.  I wish the media would focus more on the message and less on the messenger. But alas I may be asking too much...

Fri, 08/21/2009 - 13:46 | 43623 MsCreant
MsCreant's picture

All 40 of you, please don't tell, don't breathe a clue as to who you are. Please.

Fri, 08/21/2009 - 13:56 | 43664 Comrade de Chaos
Comrade de Chaos's picture

x 100

Fri, 08/21/2009 - 14:04 | 43682 Anonymous
Anonymous's picture

reading ZH is like i'm listening to Happy Harry Hardon run pirate radio out of his basement

keep kicking ass TD

fuck the establishment

Fri, 08/21/2009 - 14:28 | 43770 Talkhard
Talkhard's picture

Finally a commenter who will understand my name as it is one of HHH's signature tag lines!  "Talk hard; I like that.  I like the idea that a thought can go somewhere uninvited..." Of course the line was inspired by the Eat-me-beat-me Lady.  Talkhard everyone!

Sat, 08/22/2009 - 04:13 | 44627 dark pools of soros
dark pools of soros's picture

TD could be any of the ones who work at ZH.. Next TV call, have another voice do the honors to keep them guessing I think old Max was a little bored on the detailed delivery of the last episode... throw a curve and have a female call in next

Fri, 08/21/2009 - 16:47 | 44081 flyfe (not verified)
flyfe's picture

You're correct. Here's the link for committee membership:

Sat, 08/22/2009 - 11:43 | 44735 john bougerel
john bougerel's picture

It is a hoot, and you certainly have gotten under the skin of 

MSM. Let the ire continue, it's quite an entertaining spectacle. 


On another note, thank god that you revealed there are 40 contributors to ZH. As a financial blogger, I know how hard it is to post 3-4 times a day and work at the same time. I couldn't figure how you guys can rifle off 20 or more a day, and the reading that all that would require. I felt like a mental midget thinking you guys were just one or two folks.Greatly relieved, I feel like less of a mental midget now.  :-)




Fri, 08/21/2009 - 13:47 | 43627 djchill2
djchill2's picture

Nice ZH...stick to what counts...kick ass content and let your content stand for itself.  Those who are looking to identify you are just trying to divert their readers attention away from the fact that their content sucks!

Fri, 08/21/2009 - 13:48 | 43630 ShankyS
ShankyS's picture

Tell Elvis I'm a huge fan, will you please.

Fri, 08/21/2009 - 13:49 | 43632 MsCreant
MsCreant's picture

I found a picture of Tyler. Sorry to give up your identity.

Fri, 08/21/2009 - 13:52 | 43653 heatbarrier
heatbarrier's picture

 Because ideas are bullet proof.

Fri, 08/21/2009 - 14:14 | 43725 MsCreant
Fri, 08/21/2009 - 13:49 | 43634 Anonymous
Anonymous's picture

So why did the person identified in one of the stories confirm that he is a contributor? Why not "no comment"? Or is "no comment" seen as a tacit admission anyway?

Fri, 08/21/2009 - 14:24 | 43754 Anonymous
Anonymous's picture

because, when Romans had defeated the slaves and were searching to crucify their leader....all present said, "I am Spartacus!"

Fri, 08/21/2009 - 14:27 | 43767 zeropointfield (not verified)
zeropointfield's picture

Of course we cannot be sure whether he acutally does 'contribute'. Since ZH doesn't comment anyone can claim to write or speak for ZH.

Fri, 08/21/2009 - 14:59 | 43836 Problem Is
Problem Is's picture

I guess if I was barred from the financial industry and probably unemployed or under employed I would go:

"Yeah that's it yeah, I write for Zerohedge..."

Sure would help my income potential a little in the near future as I cash my unemployment check...


Fri, 08/21/2009 - 13:50 | 43635 Anonymous
Anonymous's picture

well, who was the master @ chartres, beauvais or, to use some mainstream stuff every liberal/american sniffs, notre dame?
in angels we trust

Fri, 08/21/2009 - 13:50 | 43638 Anonymous
Anonymous's picture

Michelle Caruso-Cabrera says anonymity makes it impossible to know whether the content is true.

Just a total logical fallacy. "We need to be able to attack the arguer and not the argument."

Fri, 08/21/2009 - 14:14 | 43724 Howard_Beale
Howard_Beale's picture

Michelle is a fucking idiot.

Fri, 08/21/2009 - 14:17 | 43740 Anonymous
Anonymous's picture

Michele is a fucking bimbo

Fri, 08/21/2009 - 15:50 | 43965 Sqworl
Sqworl's picture

Michelle Cabrona Cabra...translation Michelle Fucker 

Fri, 08/21/2009 - 17:48 | 44156 Anonymous
Anonymous's picture

Michele Caruso Cabrera = Boobs

Fri, 08/21/2009 - 17:49 | 44157 Anonymous
Anonymous's picture

yes but she is a hot babe. come on, cut her some slack. do we have a choice when it comes to hot babes? :)

Fri, 08/21/2009 - 14:33 | 43787 zeropointfield (not verified)
zeropointfield's picture

Now I understand. This is all about world views. They don't belief in concepts like science. If their high-priest says its true than it must be true. No questioning allowed even if the facts are contrary.

I feel reminded of the middle ages.

Fri, 08/21/2009 - 14:40 | 43796 Howard_Beale
Howard_Beale's picture

Wow, and I thought I was old.

Fri, 08/21/2009 - 16:31 | 44064 zeropointfield (not verified)
zeropointfield's picture

but I don't look my age.

Fri, 08/21/2009 - 15:45 | 43955 Green Sharts
Green Sharts's picture

Caruso-Cabrera is Larry Kudlow with tits and a nasty streak.

Fri, 08/21/2009 - 23:48 | 44547 Anonymous
Anonymous's picture

I hear ya, Michelle. So like when Ben Bernanke says recovery is here, like you know, we know who he is, so it must be true.

Sat, 08/22/2009 - 14:59 | 44831 ToNYC
ToNYC's picture

The Unknown Comic says MCC should wear a bag over her head and if she was funny we'd laugh. So much for the messenger. The mafia works by the same rules, it's 'who' first, the 'what' we know what we're doing. The truth is for praying for, almost never found on TV with anonymous producers shouting in their ear to stop this and that making sure it doesn't get out.

Fri, 08/21/2009 - 13:50 | 43641 Anonymous
Anonymous's picture

Que this:
Zero Credibility.
You should have seen this coming. Do you think you could trash GS and they wouldn't do some digging?
Ok so now Daniel is only one of forty?
Be upfront man. You're acting like a little scared bitch.

Fri, 08/21/2009 - 15:24 | 43884 Anal_yst
Anal_yst's picture



Chillax.  Of course any and all of us who rely on our anonymity/psuedonymity to tell our side of the story know what's possible, and, likely, in the "long run," inevitable.

If you don't understand that the message is more important than the messenger though, please, do us all a favor and turn back to your TV and enjoy your bubblevision.

We'll be here when you decided you're ready to handle some truthiness in your life.

Sat, 08/22/2009 - 04:17 | 44630 dark pools of soros
dark pools of soros's picture

they didnt even give joan of arc any slack once she lost her cover... imagine what they would do to Tyler

Fri, 08/21/2009 - 13:50 | 43644 SDRII
SDRII's picture

Dick fuld is that you

Fri, 08/21/2009 - 13:52 | 43646 B_Movie
B_Movie's picture

Isn't that the system in place, propaganda spreads via repeaters.

One source ... followed by distribution without fact checking ?

Fri, 08/21/2009 - 13:51 | 43647 Anonymous
Anonymous's picture

You go girl....boy.....whatever.

Fri, 08/21/2009 - 13:52 | 43651 Anonymous
Anonymous's picture

mouth breathing morons nipping at your toes

Fri, 08/21/2009 - 13:52 | 43652 Anonymous
Anonymous's picture

I'm ZH Spartacus.

Fri, 08/21/2009 - 14:23 | 43751 Anonymous
Anonymous's picture

I am Spartacus.

Fri, 08/21/2009 - 14:29 | 43773 nedwardkelly
nedwardkelly's picture

I'm ZH Spartacus

Fri, 08/21/2009 - 13:53 | 43656 Eduardo
Eduardo's picture

I donated again. Please do not give up

Fri, 08/21/2009 - 13:54 | 43659 Anonymous
Anonymous's picture

Ok, I admit I did Google for every former bond trader named "Nic", before that effort was deemed a wild goose chase.

Sat, 08/22/2009 - 15:01 | 44837 ToNYC
ToNYC's picture

'Nic' is huge! You got nothing!

Fri, 08/21/2009 - 13:54 | 43660 quant-this
quant-this's picture

I hear that ZH is in fact run by the administration; what a better way to control the media than by secretly controlling the opposition. Some even say that he might be Timmy himself using the blog as a way to get back at his step daddy Mr.Goldman-Sachs. 

I also heard that Marla was raised by wolves until she was 9, but that seems improbable.

Fri, 08/21/2009 - 14:05 | 43689 Marla Singer
Marla Singer's picture

You will hear from my attorneys.

Fri, 08/21/2009 - 14:37 | 43792 Ducky
Ducky's picture

but not on a moonlit night

Fri, 08/21/2009 - 15:35 | 43913 Anonymous
Anonymous's picture

I lol'd

Fri, 08/21/2009 - 15:07 | 43846 Problem Is
Problem Is's picture

Hey Tyler... He called you a Timmie.

Them's fighting words. Of course Tyler could be a Rubin, not just a Rubinite...

Think about it... every one look over here at GS. Takes the clown bound events at Citi right off the radar....

Fri, 08/21/2009 - 15:43 | 43940 DaddyWarbucks
DaddyWarbucks's picture

No wonder she needs a wash.

Now that I think about it. I've never seen TG and TD together at the same time, coincidence? I think not!

Fri, 08/21/2009 - 13:55 | 43662 Anonymous
Anonymous's picture

Who does the MSM claim TD is? I'm curious. Not sure I'll believe it or not but hell does not hurt.

You do a fantastic job anyway so whoever you are won't affect my view of your blog!

Fri, 08/21/2009 - 15:11 | 43859 Problem Is
Problem Is's picture

Allow me:

Murdoch's Post right next to some naked pictures of Paris Hilton (sarcasm...)...

"A 30-year-old New Yorker who was barred from the securities industry last year may be behind an increasingly popular financial blog known as"

"Daniel Ivandjiiski, whose most recently listed address is on the Upper East Side, was barred last September by the financial industry's self regulatory authority, FINRA, for insider trading."

Fri, 08/21/2009 - 15:28 | 43892 Anonymous
Anonymous's picture

Brad Pitt. They did some research and image processing on TD's picture.

Fri, 08/21/2009 - 13:58 | 43672 TwoJacks
TwoJacks's picture

Harumph! fvck the traditional media!

Fri, 08/21/2009 - 14:01 | 43675 Anonymous
Anonymous's picture

Since the heads on CNBC will probably run here to see what was is said about their recent mentioning of this site, may I take the opportunity to offer some advise.

CNBC - How about some content, some real reporting, and some facts. You are nothing but a bunch of pumpers and shrills for the Wall Street crooks, and most of your viewers know it. That's why we shut you off.

We don't want YOUR opinions on politics, we don't want Kudlow's relentless rants, Cramer's buy, buy, buy regurgitation, or Fast Money's guide to how to lose yours.

How about covering the financial news like you claim to do, and that includes all of it, not just what pleases the Mother Ship or the Banksters.

And fire Dennis Kneale, Missy Francis, Kudlow, and that arrogant Cabrera.

Fri, 08/21/2009 - 15:22 | 43878 Rex Havoc
Rex Havoc's picture

Hey man take it easy on CNBS, Liesman is in Jackson Hole giving free rimjobs to the fed... er I mean he's doing some serious reporting on the Fed.

Fri, 08/21/2009 - 15:35 | 43912 Anonymous
Anonymous's picture

General Electric is in big business-- you know like weapons for NATO

Fri, 08/21/2009 - 14:03 | 43681 Angry-Taxpayer
Angry-Taxpayer's picture

DO NOT surrender your identity to no one...

I've been lurking here for the past 6 months gaining as much insight to the fraud and scum we call our political representatives...  I'm motivated to learn more from the ZERO-HEDGE head staff about the evil truths coming about...

Stay Safe Zero Hedge and remain below the radar screen under stealth mode...

I strongly appreciate what has been posted as of late...


Extremely Angry Taxpayer


Fri, 08/21/2009 - 14:17 | 43738 Anonymous
Anonymous's picture

I agree with you AT. As ZH said earlier it is the content that matters. I'd rather be informed and make my decisions rather than one-sided media do that for me. I have been worried about ZH/TD considering how many enemies of this site are out there.

Fri, 08/21/2009 - 14:04 | 43683 Printfaster
Printfaster's picture

I am surprised that you would do an interview on Bloomberg or others.

Spoken media is not the same as written.

Once you speak, you lose your anonymity and become a public person.


Fri, 08/21/2009 - 14:07 | 43696 MsCreant
MsCreant's picture

What if someone different went out to do the interview, each time?

Fri, 08/21/2009 - 14:07 | 43697 Marla Singer
Marla Singer's picture

You're catching on.

Fri, 08/21/2009 - 14:09 | 43702 Printfaster
Printfaster's picture

Sure.  I volunteer to do the next one.  May you can get Putin to do one too.


Fri, 08/21/2009 - 14:12 | 43711 Printfaster
Printfaster's picture

That does explain the prodigious output.

Fri, 08/21/2009 - 15:49 | 43961 wareco
wareco's picture

Please, please, please, can Wallstreetpro pretend to be Tyler and do an interview?  I'd pay serious coin to see/hear that one.

Fri, 08/21/2009 - 18:21 | 44210 Big Al
Big Al's picture

Particularly if the interview is with Dennis Kneale and Wallstreetpro brings his bat to it. 

Fri, 08/21/2009 - 16:41 | 44069 crzyhun
crzyhun's picture

Attire for interviews.... a bag over your head

Fri, 08/21/2009 - 14:09 | 43701 Daedal
Daedal's picture

40 contirbutors and 4 user names? There's room for more... Meatloaf & Jared Leto.

Fri, 08/21/2009 - 15:36 | 43919 Anonymous
Anonymous's picture

Marla is stingy with the privs

Fri, 08/21/2009 - 16:50 | 44091 flyfe (not verified)
flyfe's picture

No word from durbin but burris

Fri, 08/21/2009 - 14:09 | 43704 Anonymous
Anonymous's picture

man if that is you, you got screwed! banned for life for making 780 bucks from insider trading! wtf. punishment does not meet the crime on that one.

Fri, 08/21/2009 - 14:13 | 43712 Veteran
Veteran's picture

meh, I got nothing

Thanks ZH

check that. one of the contributors should be named 'double latte enema'. solid

Fri, 08/21/2009 - 14:12 | 43716 bpj
bpj's picture


Fri, 08/21/2009 - 14:13 | 43718 Anonymous
Anonymous's picture

front runners are always taking the shots from the insecure jerks in the joint. drama alert. hit the ignore button.

Fri, 08/21/2009 - 14:13 | 43720 Anonymous
Anonymous's picture

Notice the end of the article in the NY Post states the level of traffic on this site is catching and surpassing several well known financial media sites, that should speak for itself. People from all walks of life want the truth, and it is told right here on a daily basis.

Thanks for all of your efforts, all 40 of you!

Fri, 08/21/2009 - 14:42 | 43803 Marla Singer
Marla Singer's picture

They way low-balled our traffic.

Fri, 08/21/2009 - 15:02 | 43841 Anonymous
Anonymous's picture

How many of you are there? I hope none of you are dudes or my faith in ZH will be shattered.

Fri, 08/21/2009 - 15:12 | 43863 Marla Singer
Marla Singer's picture

Can't comment on who posts under which name, except that Marla is an all female club (of some number >=1 members).

Fri, 08/21/2009 - 15:16 | 43865 Anonymous
Anonymous's picture

I talked to some chick on the 800 number once. Was that you?

Fri, 08/21/2009 - 16:53 | 44094 ShankyS
ShankyS's picture

I was wondering about that.

Fri, 08/21/2009 - 17:50 | 44160 Anonymous
Anonymous's picture

no, silly. it was some fat chick with a sexy voice.

Fri, 08/21/2009 - 16:15 | 44032 Anonymous
Anonymous's picture

I bet you are the most attractive among Marla(s).

Fri, 08/21/2009 - 18:16 | 44203 Anonymous
Anonymous's picture

How do you know which Marla you're saying that to?

Fri, 08/21/2009 - 14:13 | 43721 Assetman
Assetman's picture

Now, let's see if I get this here...

A said "financial journalist"-- and I use the term loosely-- uses an article from "The New York Post" as the basis of  uncovering the identity of "Tyler Durden", and concluding that said webmeister is an unabashed anti-semite for hating on the leader of Goldman Sachs.

All of this, mind you, on a "financial news network"-- and,again, I use the term loosely-- claimed as the most respected in the business world.

Has MSM really come down to this?  Really??? 

It's little wonder why the ratings of said netwrok are going one way, and the web traffic of ZH is going in exactly the opposite direction.

Fri, 08/21/2009 - 15:43 | 43939 Ducky
Ducky's picture

Love that pic!

Fri, 08/21/2009 - 14:13 | 43722 Anonymous
Anonymous's picture

Never ever give up!

Fri, 08/21/2009 - 14:16 | 43734 Comrade de Chaos
Comrade de Chaos's picture

I ve heard the FBI is running a financial fraud e-mail hotline:

Fri, 08/21/2009 - 14:16 | 43736 waterdog
waterdog's picture

This piece is a take-off on the much more cleverly written story titled, Blue Tulip, posted here a few days ago.

Yellow Flower

I had made a good amount of money from the stock market. I had jumped out just before the bubble burst and my broker buddy disappeared. Now at 55, I have my own little place outside of town. I have a 7,000 square foot garden and plenty of machinery and tools to make it a pleasant hobby. I go to work and come home each day. It is not a great life, but it is mine.

But now I have been invited by a young woman I once knew to a weekend at the beach. She is a city girl about 12 years younger than me. She had been an employee of my broker buddy. In the 1990’s, she would call me occasionally when she was mad at her husband and was looking for someone to help her make his life miserable. It was a time in my life when, if trouble did not follow me home, then I would lasso it and drag it home. I heard they had been divorced for a few years. Evidently she has not adjusted very well to the dating scene.

I had dropped out of the dating scene a long time ago. I had gotten fed up with women standing in my front doorway screaming that I was going to grow up to be a very lonely old man and then slamming the door off of its hinges as they left. What is it with women and slamming doors?

I loaded up my beach stuff. I walked into the garden and told all the plants that I would be back in a few days. I spoke sternly to the tomato plants about setting tomatoes before I got back. The squash got a bath of malethion and I Seven dusted the corn. I set the water timers for the peppers and okra. Man, leaving has gotten to be a major chore. Half the broccoli had flowered and I had 6 giant heads that needed to be cut off and thrown onto the compost pile.

I got this brilliant idea. Why don’t I cut one of the flowered broccoli heads and give it to her; these heads where a foot wide and had over a thousand compacted tiny yellow flowers. So I did. To make things even better, I cut off some of the egg plant flowers and stuck them into the broccoli flower. Then to give it a clever balance, I put some cucumber flowers into the mix. Satisfied with my arrangement, I took off for her place.

I gave her the bouquet and she exclaimed she had never seen anything like it, she loved it. She took the gift into the kitchen while I loaded her stuff into the car. We took off for the beach.

We got to the beach and while unloading the car she found a bag of sand toys I had brought. What is this? I responded they were fort wall sand molds that my grandson played with at the beach. There was also a shovel and a bucket.
2 hours after getting undressed to put on our bathing suits, we headed down to the beach. She brought the sand toys. Shortly after we settled in she began to make walls with the molds. She worked for 3 hours making a fort. When she was done the fort was 4 feet by 4 feet. Complete with a moat, stick drawbridge, and castle. I was thinking that at any moment she would pull Malibu Barbie out of her beach bag. I could tell she was very proud of her work. Unfortunately she built the fort above the high water line.

The next morning at 1 minute past sun up she headed for the beach. The fort was still intact. She made improvements to the fort (coquina floor, shell art, etc) all day. The following morning we packed to go home. She went out to see her fort for the last time. Some kids had stomped it into ruin. She was extremely angry. An anger that only grew more intense on the way home.

We got back to her place and went to the front door. Upon stepping inside the door, a stench that could only be described as dead wet rat hit us in the face like a molding wet washcloth. She began to frantically look under the furniture for the source of the smell. I still could not smell real well having spent 3 days and 2 nights smelling Coppertone and K-Y. I walked into the kitchen. There it was- rotted to the max- the broccoli bouquet. It was no longer yellow and it had dumped a thousand tiny black seeds onto the counter. It looked like a herd of insects had pooped all over the counter. I guess it had flowered longer than I thought before I picked it. She had placed the arrangement into a 20 ounce glass of water. All of the water had evaporated and there was this unusual white film all over the inside of the glass. She entered the kitchen before I could get rid of the problem. She asked, while holding her hand over her nose and mouth, what the heck is that? I explained the broccoli head had rotted. Broccoli head she screamed, you brought me a broccoli head as flowers. And it is full of insects she further screamed. I tried to think of something to say to calm her. I brought up the white film inside the glass and inquired what it might be. In a sarcastic tone that only a woman can deliver, she said, I wanted to put an aspirin in the water for the flowers, but I only take Advil. So I put an old Goody’s powder that I had into the water. My first thought was, I have never heard Richard Petty talk about putting Goody’s headache powder into water for a flower. I responded instinctively with, that makes as much sense as giving a hormone shot to a reptile. I was roughly pushed out the back door. As I walked to my car trying to figure out what had just happened, she hollered from the doorway, do not ever call her again, and then she tossed the glass and all at me, and then slammed the door. I thought, wait a minute, she called me.

I had never been so glad to get home. I went to the garden to check on the plants. The tomatoes had set and everything was good. I turned over the 5 gallon bucket, sat on it next to the pole beans and watched the sun go down beyond the pine trees. It was quiet and peaceful. I thought about the past 3 days. It cost me $600 to end up miserable. Maybe I should start that lonely old man thing tomorrow. What is it with women and slamming doors?

Fri, 08/21/2009 - 15:06 | 43847 Anonymous
Anonymous's picture

Oo! Rotten potatoes and rotten onions are also powerful.

Fri, 08/21/2009 - 16:48 | 44086 flyfe (not verified)
flyfe's picture

Stick to content and live/die by contecnt. The machine wants to destroy "him".

Wed, 11/10/2010 - 19:13 | 718085 kathy.chamberli...'s picture

i thought your story was great. i visualized every word and fell in love. i love that the broccoli smelled to high heavens. dumb shit broad didn't know about attachment i guess. sand Mandala, bitchez†

Fri, 08/21/2009 - 14:19 | 43742 heatbarrier
heatbarrier's picture

Send the rules to the MSM, they may not be aware of them,

  1. You don't talk about fight club.
  2. You don't talk about fight club.
  3. When someone says stop, or goes limp, even if he's just faking it, the fight is over.
  4. Only two guys to a fight.
  5. One fight at a time.
  6. They fight without shirts or shoes.
  7. The fights go on as long as they have to.
  8. If this is your first night at fight club, you have to fight.

– Fight Club

Fri, 08/21/2009 - 14:39 | 43795 heatbarrier
heatbarrier's picture

BTW, modify Rule 4.  Up to 40 guys to a fight, until we get more staff.

Fri, 08/21/2009 - 14:44 | 43804 D.O.D.
D.O.D.'s picture

Now imagine your pain as a white ball of healing light,

I don't think so.

Fri, 08/21/2009 - 14:20 | 43743 Anonymous
Anonymous's picture

It is really funny that Goldman sent the smear squad out and the best they could do with 40 targets is get a weak-ass no admission of guilt FINRA settlement. The kind of thing extracted under duress with the threat of six-figure legal bills and with zero employer support for the employee... for.. wait for it... $700 in supposed insider trading? Best they could do was some hack New York Post chick needing a lesson in grammar? She couldn't even get the story above the trademark fight for "tweet" article on a Friday in August. That is if it is even the right guy which I doubt.

What a joke. Rock on ZH. Wake me when someone finds a manslaughter conviction from 1997.

Fri, 08/21/2009 - 14:20 | 43744 Anonymous
Anonymous's picture

More blogs/websites like this will start sprouting up. And thank God for that. Too many very knowledgable insiders got burned over the past year(not that anyone at zerohedge has been burned) and they're ready to talk - tell the masses how things really work. This site will probably have ten times the traffic a year from now if not more. Congratulations! You're on a roll, keep it up!

Fri, 08/21/2009 - 14:21 | 43746 Bilderberg_GS_r...
Bilderberg_GS_runsdaworld's picture

TD, do what you know best. All these low life creeps who try to bash you don't have the balls to face reality. They are doing things on a daily basis based on what their cronies/advertisers demand them to say (i.e. CNBC). Your site is the "best".....I cancelled cable b/c of it....keep up the good work....

Fri, 08/21/2009 - 14:22 | 43749 D.O.D.
D.O.D.'s picture

I would like to say, that although I was concerned about the allegations of insider trading when I first heard the story, upon further consideration i have come to my conclusion. A previous poster is correct, all this digging by the M$M can only mean one thing. 

Operation Mayhem is in full effect sir. HU-RAH!

Viva la MAYHEM!

Fri, 08/21/2009 - 23:29 | 44524 heatbarrier
heatbarrier's picture

Narrator: Why wasn't I told about Project Mayhem?
Tyler Durden: What are you talking about?
Narrator: Why didn't you include me, in the beginning?
Tyler Durden: Fight Club *was* the beginning.

Fri, 08/21/2009 - 14:22 | 43750 Anonymous
Anonymous's picture

"Nor do we believe that any amount of author reputation can (or should) be able to prop up a bad piece. We credit our readers with the requisite intelligence and skepticism to do their own fact checking and assign their own credibility ratings to our content."

The above is the most important statement of this posting. While I find ZH informative and a site that instigates much thought, its myopic focus on "the sky is falling" reflects a bias arguably as one-dimensional as MSM's pollyannaish babblings about the economy. Worse, the echo chamber commentary seldom allows for intelligent criticism on the substance of ZH's postings. Such vetting is in my opinion necessary to foster credibility on this most important topic of our day--the state of our economy. That said, this is mostly the fault of a core group of sycophantic followers, but ZH bears responsibility for encouraging this ethos too. ZH would be a far better site if dissenting comments to the predominately "liquidationist" and/or "conspiratorial" views were treated with respect, and ZH postings were argued mainly on their merits not their politics.

Let the brouhaha begin...


Fri, 08/21/2009 - 14:30 | 43777 HEHEHE
HEHEHE's picture

I am more than open to listen to a fact based argument that somehow justifies  current stock market valuations or a rosy outlook for the United States' economic future.  Can you provide one?

Fri, 08/21/2009 - 14:31 | 43782 Anonymous
Anonymous's picture

I think most postings are argued on both sides around here. The problem is that a lot of the info on ZH is never reported by MSM.

If MSM reported both sides, there wouldn't be a need for ZH.

Fri, 08/21/2009 - 14:45 | 43805 Anonymous
Anonymous's picture

If your arguments against ZH stories are valid, post your blog with rebuttals. You should be able to control the dialog as you like on your own blog, right?

Or....if you truly believe your ideas, then post them anyways, if the mob does not agree with you, looks like anonymity will protect you anyhow.

For every angry response, I guarantee you there will be 4 thoughtful readings (if your idea has merit). Such is the nature of all public discourse.

Fri, 08/21/2009 - 15:20 | 43873 Green Sharts
Green Sharts's picture

I agree that the site is somewhat one-sided.  But yesterday I posted about an excessively negative headline based on the linked article it referenced.  TD acknowledged the point and changed the headline.

I've seen links to a couple or three different blogs or groups that I think are borderline crackpot, but I can look past that and suggest most here can do the same.

As another person has said, if you have a bullish case to make for stocks or anything else that is at odds with the majority view on this site, by all means make it.

I would also suggest that you drop the anonymous and identify yourself by a handle.  Other participants can know if they're talking with one or more people and people who see that your posts are good can make a point of looking for them.  I don't think that's inconsistent with what ZH says about anonymity, because you're establishing or destroying credibility through what you write, not because of where you went to school or who you work for.

Fri, 08/21/2009 - 18:07 | 44189 Anonymous
Anonymous's picture

I have a handle but don't use it anymore for the exact reason that attractor/detractor bias develops for/against a handle. I say this because I'm guilty of the same.

Take even the assumption above that I'm bullish on stocks. Fact is, I never stated such in my original comment.

I do post comments on subjects that I have an expertise in, and/or in which I think I'm adding value to the discussion at some level. I prefer now to do this as "anonymous" because some of my comments are critical of the analysis or of what I believe to be an inherent bias in ZH postings.

I get the banter, but only continue to read comments because of the occasional interesting thought. The best comments in my opinion are those that challenge a ZH analysis and/or provide additional insight to a topic. The boring comments are ones that inanely cheer-on ZH.

My point is that we must be careful to not slavishly seek out analysis which only validates our personal bias--this is too easy and leads to bad investment decisions. The credibility of this site is ultimately based on the integrity of thoughtful critique and commentary.

The industry needs a "Tyler Durden" (there are many problems to expose and fix in this business), but ZH is only going to be a meaningful voice if TD/ZH and its followers are intellectually honest and credible.

Anonymous (and likely to stay that way)

"Your comment has been queued for moderation by site administrators and will be published after approval."

Sat, 08/22/2009 - 10:42 | 44697 Green Sharts
Green Sharts's picture

My point is that we must be careful to not slavishly seek out analysis which only validates our personal bias--this is too easy and leads to bad investment decisions. The credibility of this site is ultimately based on the integrity of thoughtful critique and commentary.

I agree 100%.  Seeking out information that validates our position and avoiding or attacking anything that contradicts our opinion is called confirmation bias as you probably know.  Commitment bias is also something to watch out for.  The more often and emphatically we say something, particularly in writing, the more committed we become to it and the harder it is for us to look at contrary evidence and change our minds if necessary.

Fri, 08/21/2009 - 22:29 | 44480 heatbarrier
heatbarrier's picture

Take it from Krugman, global liquidity trap, the world looks like Japan 20 years ago, no idea how to get out of it,

Fri, 08/21/2009 - 14:24 | 43753 HEHEHE
HEHEHE's picture

You must have struck a nerve in GS/Gubmint/Finra land.  Good for you my friend.  Wasn't the guy who brought down big tobacco banned by his own industry?  Truth always trumps propaganda in the end.  Ask the Romans, the Germans, or the Soviets. 

Fri, 08/21/2009 - 14:24 | 43759 Anonymous
Anonymous's picture

Keep it up! You guys are great and have taught me a lot. Many of us little guys never have access to Bloomberg terminals, or inside desk info that you bring! If it takes 40 of you great! I hope even more join your cause....

Fri, 08/21/2009 - 15:04 | 43760 Comrade de Chaos
Comrade de Chaos's picture

By the way, TD & Co' not all of the shady finance is located on WS, check out this story:


by the way, the rumor was Sunwest Management Inc., has applied for gov bailout funds, the bid was supported by local senator etc and thankfully rejected.

Pretty much the firm was moving money from each of the partnerships it was running into "the mother ship" account...; it has done so for years breaking numerous clauses in partnership agreements, etc. In addition they lowered the entry level  for sophisticated investor requirement to 50K.


p.s. It get's better:


Sunwest Management Inc.

A lawsuit has been filed and is seeking class action status against the national retirement care operator for allegedly charging for services it has no intention of providing. The lawsuit was filed in Multnomah County Circuit Court and names all 50 Sunwest facilities in the state of Oregon as defendants. The lawsuit claims Sunwest's standard admission agreement misled residents about the number of staff available to provide daily care. It alleges Sunwest understaffed assisted living homes and made a considered decision to promote profit at the expense of their contractual and legal obligations to residents."


have "no idea" why the story has not reached media yet, well SELLING green shootz might be much more... lucrative?




E-commerce journal:

"The SEC’s complaint states that Sunwest concealed from its investors the fact that the company was run as a single enterprise with its fortunes tied to the success of hundreds of properties and dependant on future financing ability. According to the lawsuit by June 2008 the project was operated as a Ponzi scheme with the money paid to the older investors from the cash invested by the new customers. The SEC reports that by January 2009, more than 100 Sunwest retirement homes were placed in foreclosure, receivership or bankruptcy."

well, it would be my wild guess, but i am willing to bet that there are hundreds of similar RE,Energy,Etc fraudulent partnerships still standing.

Fri, 08/21/2009 - 23:39 | 44539 Project Mayhem
Project Mayhem's picture

Nice find -- thank you

Fri, 08/21/2009 - 14:26 | 43762 Anonymous
Anonymous's picture

Authorship shows ownership -- People want to know that you are putting your reputation on the line when you write something.

This model (the French model) triumphed over the former English model in the United States because as a free society, we are not worried about retribution from a tyrannical govt.

In time even the English acquiesced and took by-lines (save a few like the Economist that do it b/c their writers are mostly freelancers and the FT's LEX opinion column, which does it b/c many of their straight news reporters contribute to the column and they want to avoid a conflict of interest)

There is no reason for Zero Hedge to remain anonymous -- UNLESS the people contributing have day jobs where they fear corporate retribution -- under that scenario, I can understand - but that is not the case here...

You have nothing to fear in coming out...

But hey, if this is your marketing gimmick and its working for ya, just say it and don't hide behind all this self-righteous crap and degrade financial journalists who insist on be held accountable for their work.

Fri, 08/21/2009 - 14:37 | 43793 Anonymous
Anonymous's picture

Freedom can not guarantee protection from the tyrannical or unjust.

Independent actors seek vengeance and destruction on those they deem threatening to their entitlements, ala Dennis Kneale.

Anonymity is just one tool used to thwart such independent actors.

Only the weak stand on reputation to promote their ideas, and only the weak decry a good idea because of another's bad reputation.

The revolution you describe occurred because during the enlightenment, ideas became more powerful than people, kings, and mysticism.

viva la ZH

Fri, 08/21/2009 - 14:48 | 43813 Assetman
Assetman's picture

There is no reason for Zero Hedge to remain anonymous -- UNLESS the people contributing have day jobs where they fear corporate retribution -- under that scenario, I can understand - but that is not the case here...

You have nothing to fear in coming out...


Uh... yeah.  Whatever.

Fri, 08/21/2009 - 14:51 | 43817 Anonymous
Anonymous's picture

Hypocrite? Pot. Kettle. Black.

I started to find your argument interesting, then I saw it was written by "Anonymous" and realized it was simply vapid stupidity.

Identify yourself and I will read your post again and reconsider the merit of your arguments, taking into account your identity, of course.

Fri, 08/21/2009 - 15:20 | 43874 Anonymous
Anonymous's picture

My argument is still valid even though I remain anonymous in my posting -- I actually fear retribution as I revealed some information about Pearson - you can do the math -

here is a disclaimer -- I like Zero Hedge! I am a fan, really.

Fri, 08/21/2009 - 14:52 | 43820 Anonymous
Anonymous's picture

Funny coming from a poster with an Anonymous moniker.

Which financial journalists so far have insisted on being held accountable for their work?

And ZH--I hope you guys know how to be sufficiently anonymous to handle subpoenas, since that seems to be your weakest line of defense from what I can tell (I assume you've registered the domain name sufficiently anonymously--I haven't bothered checking, because I don't really care)

Fri, 08/21/2009 - 14:52 | 43821 D.O.D.
D.O.D.'s picture

"financial journalists who insist on be[ing] held accountable for their work."

LOL! Oh wow that's is a good one... You're a funny guy anon, now I see why you lurk...

Fri, 08/21/2009 - 14:56 | 43828 Howard_Beale
Howard_Beale's picture

Your comment states that "in the United States because as a free society, we are not worried about retribution from a tyrannical govt." This is not the problem.

ZH possibly fears retribution from the corporations that control the government. The smear campaigns will continue.

You also state "UNLESS the people contributing have day jobs where they fear corporate retribution -- under that scenario, I can understand - but that is not the case here..."

And how would you know that Anonymous? Is that you Gasparino?

Fri, 08/21/2009 - 15:01 | 43840 CD
CD's picture

Once you remove the paper bag from your visage, dear sir/madam, your argument for disclosure becomes a bit more convincing... You obviously missed some rather significant changes in the range of responses of the power elite ZH sometimes calls to task (govt. or otherwise) in the years/decades/centuries since your examples. And sure, all ZH contributors are unemployed/privately wealthy/useless ballscratchers, none of whom work productive jobs. Also, what in the world is wrong with a novel, rarely tried (let alone successfully executed) marketing gimmick? Last but not least: "financial journalists who insist on be held accountable for their work"??? I can do no better than let that one stand on its own merit. But please do bring some examples of these fine professionals' insistence. And also examples of the fine quality of said reporting.

Fri, 08/21/2009 - 15:48 | 43953 Project Mayhem
Project Mayhem's picture

When you have the White House encouraging people to report suspicious material to, when the media is dominated by small groups of malicious corporations, when people are denounced as 'un-American' due to their opposition to government policies, when innocent people are held for YEARS without evidence or a trial, when billions upon billions are stolen yet no one dare speak of it...


...your 'free society' is closing down.


Fri, 08/21/2009 - 14:27 | 43765 Ducky
Ducky's picture

Stick to your guns. CNBC is a GE TARP baby. They just mimic the garbage propaganda they get fed.

My all-time favorite was how they kept repeating NYSE floor specialists garbage about how large stocks need specialists @ the NYSE when stocks like Microsoft and Cisco had traded electronically for years. Those morons believe anything they are told.

It was too funny to watch their little victory lap today.

Fri, 08/21/2009 - 14:30 | 43774 Anonymous
Anonymous's picture

earth to you fucksters, nobody gives a rats ass who you are
shut the fuck up and keep writing

Fri, 08/21/2009 - 14:30 | 43775 Achilles
Achilles's picture

Never ever give up! I will stand shoulder to shoulder with you anytime and i have no idea who you are.

Fri, 08/21/2009 - 14:31 | 43780 HEHEHE
HEHEHE's picture

Dennis Kneale is that you?

Fri, 08/21/2009 - 14:34 | 43786 Achilles
Achilles's picture

Damn, was it that obvious?

Fri, 08/21/2009 - 14:41 | 43798 Tripps
Tripps's picture

Dam TD just 1 of you come out please!!!!!!!!!!!!  You should be proud

Fri, 08/21/2009 - 14:45 | 43806 AnonymousMonetarist
AnonymousMonetarist's picture

Anonymity, 'tis like a warm blanket.

Now if only that damn phone would stop ringing, I unplugged it a long time ago.

Fri, 08/21/2009 - 14:48 | 43812 heatbarrier
heatbarrier's picture

GS 32,000 staff.  ZH 40.  It's a fair fight. 

Fri, 08/21/2009 - 15:38 | 43925 Green Sharts
Green Sharts's picture

GS 32,000 staff.

Not to mention former Goldman partners in senior government positions, former senior government officials who lobby for Goldman (like Arthur Levitt), influential businesspeople with major investments in Goldman (like Warren Buffett) or members of Congress who have received generous campaign contributions from Goldman over the years.

Fri, 08/21/2009 - 14:49 | 43815 Anonymous
Anonymous's picture

Hey TD-
Send this guy to your next interveiw...

Fri, 08/21/2009 - 14:52 | 43819 Anonymous
Anonymous's picture

Short term gain, long term pain. Your safe word is Dollar Index. This is Ms. Bank Holiday she's been sharpening her teeth.

Fri, 08/21/2009 - 14:54 | 43824 Ich bin ein whatever
Ich bin ein whatever's picture

I personally don't care if Daniel Ivandjiiski is one of the posters that is "Tyler Durden".  The identity of "Tyler Durden" is not the point here.

The point is this:  our government has been lying to us about this financial crisis, and the mainstream media has been complicit in keeping infirmation from us that we need to know.  Whether this is because they are too stupid, too lazy, or just don't want to get a hair out of place - I don't know.  In the case of CNBC, I fully suspect that GE put the screws to their so-called "talent" after being reamed by Obama's minions, and since they are in to the government for TARP money, they felt they had no choice but to step down.  No more Rick Santelli and his cross baiting of Obama's sleazy to the core press secretary on national TV, which I personally enjoyed.  Gibbs is a scumbag.

We have been forced to go to the internet and financial bloggers to get information to keep out money safe.  Tout-TV doesn't work for us anymore-which is why CNBS's ratings have fallen off a cliff.  If the American people want to watch morons yell at each other over money matters, most don't have to roam too far from their own living rooms.  If you look at things from that perspective, suddenly the image of Dennis Kneale or Charlie Gasparino berating people endlessly and the tanking of the ratings shouldn't surprise a lot of people.  Most knowledgable people have just turned them off, or just put the TV on mute so they can check their stocks and click off to something else.  That something else, for the most part, has been blogs like Zero Hedge.

Daniel Ivandjiiski, if indeed a poster at Zero Hedge, if he can be faulted for anything, it's for the violation of the number one rule of Fight Club - You do not talk about Fight Club. 



Fri, 08/21/2009 - 23:47 | 44544 heatbarrier
heatbarrier's picture

Greater violation of the second rule, if you ask me,

Fri, 08/21/2009 - 14:55 | 43826 Problem Is
Problem Is's picture

So the corporate news media identified this new Zero-Hedgie as a...

"A 30-year-old New Yorker who was barred from the securities industry...last September by the financial industry's self regulatory authority, FINRA, for insider trading."


If the SEC could not find some minor 30 year old Serbian emigre to prosecute for insider trading...

They might have to look at the massive insider trading by Prince and Rubin at Citi as alleged in the share holder lawsuit and other titans of Wall Street?

Fri, 08/21/2009 - 16:11 | 44028 Sqworl
Sqworl's picture

They don't bite the hand that feeds them...For the love of money, JPM knew Madoff was a Ponzi and so did the SEC for more than 10 years! 

Fri, 08/21/2009 - 14:57 | 43833 zarrmax
zarrmax's picture

"Zero Hedge contributors and staff are not so narcissisticly married to fame that we find it necessary to take credit for our content. Nor do we believe that any amount of author reputation can (or should) be able to prop up a bad piece."

come on... Are you f-ing kidding me!? We all know the facts of a story are in complete and perfect proportion to the broadcasters bra size...

Michelle tits Cabrera...
Erin flapjacks burnett...
Maria mounds Bartiromo...

I'm Bill Kurtis....... and I just found Dennis Kneale's pussy

Fri, 08/21/2009 - 14:59 | 43837 lizzy36
lizzy36's picture

Having just completed a very long (sweaty) walk down Madison Ave,where every 3rd storefront is vacant (but, you can still get $2500 sheets @ pratesi), i wanted to check the state of the market.  ZH is the first place I came.

I don't care who Tyler Durden is, i don't ever want to know. The content at this site is why i come, and why i will keep coming back.

I have always adored the way Tyler writes, and the information provided herein.  Seriously, that is all that matters. 

Tyler, Marla and the rest of the cast, thank you for what you do and how you do it. 

Fri, 08/21/2009 - 15:22 | 43877 Anonymous
Anonymous's picture

completely agree. just wanted to add that you, lizzy (along with a few regulars), are another reason i come to ZH.

Fri, 08/21/2009 - 20:53 | 44410 ptoemmes
ptoemmes's picture

You just "responded" as well as one could to one of the comments in the article...


Still, the site has proven unusually popular since its launch in January, according to data from Web traffic data provider


The unusualness of the popularity is pretty evident as you point out.



Fri, 08/21/2009 - 15:04 | 43843 Anonymous
Anonymous's picture

"Having just completed a very long (sweaty) walk down Madison Ave,where every 3rd storefront is vacant"

See that's what is wrong with you bears, you don't see "pent up demand" when you walk across it.

Fri, 08/21/2009 - 15:06 | 43848 HEHEHE
HEHEHE's picture

"Having just completed a very long (sweaty) walk down Madison Ave,where every 3rd storefront is vacant"

That's the problem with you bears, you don't see "pent up demand for CRE" when you should

Fri, 08/21/2009 - 15:12 | 43861 lizzy36
lizzy36's picture

Well, near as i can tell, there is enough CRE supply in this city to meet at least the next 20 years of demand.

Fri, 08/21/2009 - 15:08 | 43853 max2205
max2205's picture

Anybody a Lawyer's time to have a tribunal for the SEC OTS Treasy Fed ect, for crimes of high treason.  The Fed needs to go under the HLS Dept as they know how to stop domestic terrorism.


PS this rally is making me sick

Fri, 08/21/2009 - 15:15 | 43864 Anonymous
Anonymous's picture

Nice work ZH. You have a lot of fans out here. I can't say this for a certain moronic CNBCer who pretends to know something about finance and purports to be a journalist. I am of course referring to Charles Gasbagarumor. His sources that go on the record a simply a bunch of drunks who are angry at their own Wall st failures. His off the record sources (annonymous) are simply tidbits he gets while hanging out at the men's room at Elaine's. This guy must be full of shit - he spends more time on the can that fucking Prince Albert. He gets played lower than the two of clubs. Perhaps a reflection of his academic underachievement and general intellectual deficiencies? I mean guy had a hard time pulling C's at Pace. Got into a training program at UofM and pretends he's got a brain. The Scarecrow had more intelellectual depth. "I broke dat story and dat story and dis news and yous guys don't know jack". You insecurites so plainly manifest themselves. Is that why you nominated yourself for a Pullitzer? You have nothing but anonymous sources (a la made up stories) and then you complain about ZH's anonymity. Fuck you guinea boy.

Fri, 08/21/2009 - 15:21 | 43875 HEHEHE
HEHEHE's picture

Wow FINRA got the Master Criminal Ivandjiiski, too bad they missed that whole Madoff thing-a-mig-jig:

"In May 2005, Ivandjiiski became employed by another firm, Miller
Buckfire & Co. Nevertheless, before the financing deal for Hawaiian
Holdings was announced, he obtained confidential documents that his
former firm had prepared concerning the impending deal. On March 14,
2006, while in possession of that material, non-public information,
Ivandjiiski bought 1000 shares of Hawaiian Holdings for $4.75 a share.
On March 15th, when the new financing was publicly announced, the
share price of Hawaiian Holdings increased 6%, to close at $5.30. On
March 21, 2006, Ivandjiiski sold his 1,000 shares of Hawaiian Holdings
stock for $5.53 per share, for a profit of $780."

Fri, 08/21/2009 - 15:32 | 43903 CD
CD's picture

But that's the beauty of it, they FINRA DID "catch" Madoff -- and slapped a $25K fine on his wrist. For not providing proper documentation of short trades.


See #43691, or just page 2 of the report you are quoting from.

Fri, 08/21/2009 - 15:40 | 43933 HEHEHE
HEHEHE's picture

Yeah and off course thanks to her tremendous investigatory skills the then head of FINRA is now head of the SEC. 

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