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Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers...

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Posted by:   bobo 5/1/2006 11:00 PM

The SABEW conference offered us a rare glimpse into the workings of business journalists; specifically, into the mindset of the NY financial press - or at least select members of that rarefied group.

I have received any number of confused emails, asking me what I make of the transcript, and the ideas expressed therein.

After reading and considering carefully the attitude that was prevalent at the conference, I have seen the error of my ways - I am far too humble and sympathetic. 

After much study of how the vocational members of the business press operate, I have decided to adopt a more "professional" demeanor, in keeping with my newfound enlightenment.

First, I will, from this point on, ignore any evidence I dislike. If I don't write about it, it doesn't exist. Second, I will adopt a tone that assumes that you are all incapable of making the most rudimentary of distinctions. Third, I will assume that my powerful intellect and genetic superiority far exceed anything that you may possess, and take great pains to dumb down my rhetoric in a condescending, pandering way that is impossible to miss. And finally, I will make private comments, and sometimes let things slip in public, that make it clear I despise you as pathetic, weak sheep - the message is loathing. You sicken me.

We can start now.

Given that I am a blogging savant, and you are all insects unfit to read my important work, I felt that pictures would be easier for you to grasp than words.

This is because I correctly assume that you are sitting in your double-wide, chain-smoking Newports and drinking generic beer, with Jerry Springer reruns your only break from a tediously empty life of collecting porcelain figurines depicting dancing yorkies, and entertaining morbidly obese friends whose stories about their adventures as Walmart greeters are mind-numbingly dull.

Given that you don't live in Manhattan (at least not in the desirable areas) or Connecticut, greeting cards are likely your idea of pithy wit and powerful journalism. I figured that there was no way you would comprehend my carefully crafted pieces, and see no reason to debase my gifts by wasting words on you, when pictures are likely the only medium you can process. Pearls before swine.

I feel dirty just tapping the keys, knowing you will read them.

But, as my lot in life is to craft little entertainments for you, I will debase my powerful talents in such a way as to get across my message in a manner that even you can comprehend - it's beneath me, but I shoulder my burdens with stoic fortitude.

So do try to keep up, dimwit.

And stop breathing through your mouth like that - it makes you even more repellent, if that is possible.

Here's your crummy cartoons. Now stop bothering me...

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Copyright ©2006 Bob O'Brien
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Comments (16)
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By cutty on 5/2/2006 6:53 AM
Those guy are just plain ridiculous. At one point I thought you had just taken the coment from a Dilbert cartoon, some comment from Catbert the evil HR director.
But thinking again about it, this is more like Mohammed Saeed al-Sahaf, Iraqi Minister of Information. AKA Bagdad Bob. Example God will roast their stomachs in hell at the hands of Iraqis. or We made them drink poison last night and Saddam Hussein's soldiers and his great forces gave the Americans a lesson which will not be forgotten by history. Truly.
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By zimmer on 5/2/2006 6:54 AM
Daim .... 'dem was some funny cartoonz! I like the comics!

I look to your blog everyday. It's not often, that you can go somewhere, on the web or otherwise, to get educated, entertained, and see some good being done. Glad you're on our side.

THE BUNNY RULES ! ..... I mean .... ROOLZ !
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By virakiller on 5/2/2006 7:05 AM
Today in American Finance- May 2, 2006
Friends and shareholders,

WOW !

Yesterday illegal immigrants protested across America
affecting our "day at the office" If you look at this country
like a "business" as I do. We lost very valuable dollars yesterday.

A friend I spoke to in Manhatten says he and his family had to shut down it's business. A MAJORITY of business across
America had to close as well.

How much tax revenue did we loose as a country because
of this mass protest ?

Why do I bring that up in today's newsletter ?
Because of that one protest a month ago in L.A where they thought only a "handful" would show -up. MILLIONS of
these "undocumented" workers FLOODED the streets.

THEY HAD TO REPORT THIS STORY !

Why can't we do something like this ?

They say there are over 13 MILLION undocumented
workers here in America.

How many MILLION investors lost their life-savings-
retirement-life because of this "bear-raid" by this collection
of CRIMINALS in all areas of "money" across America

How many millions ?

My guess 200+ millions if not more we can get to the
streets.

That meeting yesterday in D.C by journalists and the
S.E.C was very "telling " of their game and their fear. Herb
Greenberg vs Christopher Cox was about as "fraudulent"
as the ILLEGAL-trades themselves.

Journalists across America need to take a strong look in
mirror and see who they have become. Why do they give
"cover" to these criminals ?

All the journalists in this country should be put in jail.
CASE CLOSED-
Give them time to reflect how they are helping destroy America because of a greedy few They lie and abuse the
TRUTH to help these people continue their crimes In return
they must "grease their palms" because why else would you
do something so ANTI-AMERICAN against the majority of
us hard working people.

Rich ROBBING Poor continues.

GO TO -- www.thesanitycheck.com and read about
this mockary of justice taking place with these filthy
journalists crying to S.E.C . Has the judical system become
so "compromised" to even stage this "event" It is really
a "freak show" to all that understand this American crime.

Lets plan a protest for our "illegal/undocumented" trades
that robs our hard earned money from us. Lets plan this
protest on LABOR DAY September 4, 2006.

Labor and the American "undercover" power-grab
agenda has me very worried.

Again understand this ,I have been studying this criminal
activity on Wall Street for 13 years now.

I am a financial expert.

LETS DO THIS !

Labor Day 2006 will be our day to be heard.

Lets be heard like the people today. Lets uncover this
American tragedy. Too many good people have been hurt.

We have the numbers to really throw in that fabled
"monkey wrench" to this criminal activity that the rich use to
stay rich.

We will start to plan for this protest daily through these
newsletters and my new contract with HDTV Studios for
television news and radio shows about this crime can get us even more exposure to this Labor Day event.

We will talk more tomorrow about this and I will appreciate
it if I can have some assistance getting this event off the
ground Make your voice be heard.

your friend,
Darren

Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By Ginko on 5/2/2006 7:08 AM
SUSAN TOMPOR: SEC says subpoenas of journalists to be rare

May 2, 2006

Email this Print this BY SUSAN TOMPOR

FREE PRESS COLUMNIST




Christopher Cox, SEC chairman
Christopher Cox, chairman of the U.S. Securities and Exchange Commission, again tried to reassure journalists Monday that the SEC isn't about to get into a regular habit of handing reporters a subpoena.

Cox, who addressed the annual meeting of the Society of American Business Editors and Writers in Minneapolis, attempted to make amends after the SEC took a rare and controversial step by issuing a subpoena in February to Herb Greenberg, a columnist for MarketWatch.com.

Greenberg disclosed in his column on Feb. 24 that he had been issued a subpoena as part of the SEC's investigation into Gradient Analytics, a research outlet and regular source for Greenberg.

Greenberg wrote that the subpoena apparently stemmed from publicity over Overstock.com and its CEO Patrick Byrne. He was being asked to provide the SEC with all unpublished communications, including phone records and e-mails, between Greenberg and other sources regarding five stocks.

But within hours after first posting that column online, Greenberg added another update and noted that he was informed by Dow Jones & Co., owner of MarketWatch.com, that he was no longer being asked to provide the SEC information.

And shortly after, Cox publicly said that the SEC office in San Francisco issued that subpoena without Cox's permission.

On Monday, Cox tried to mend fences by stressing how important journalists are in giving information to investors and even the SEC chairman personally.

"It was from the press that I learned that the agency was issuing subpoenas to journalists," Cox joked on Monday.

He also stressed that the SEC has taken steps to review guidelines of when a journalist could be issued a subpoena.

"We're not going to go to journalists first, we're not going to go to journalists second. We're going to go to you dead last," Cox told the audience of editors, columnists and reporters.

Greenberg was in the audience, as well, and addressed Cox during the question-and-answer session to probe further about the SEC's future practices regarding journalists and subpoenas.

The SEC-subpoena flap is a serious matter for journalists and individual investors. Newsrooms in the United States aren't extensions of law enforcement agencies or federal regulators. And if sources fear that their e-mails will be handed over to the SEC, they may be less willing to provide information to journalists.

And frankly, the SEC's quick response shows that the deal with Greenberg was simply too foolish for words.

Greenberg, who also spoke to the journalists in another session on Sunday, noted that attorneys at Dow Jones had told him that they had never seen such a subpoena issued by the SEC in the past.

Cox would not go so far to say that the SEC would never issue another subpoena in the future. He noted that there may be times when a reporter or columnist is suspected of wrongdoing and then a subpoena could be warranted.

Contact SUSAN TOMPOR at 313-222-8876 or stompor@freepress.com.
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By bobo on 5/2/2006 7:23 AM
You think they will be rare because not too many reporters are involved in illegal stock manipulation schemes?
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By hwh on 5/2/2006 7:39 AM
so does the greenberg subpoena stand or not? hwh
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By virakiller on 5/2/2006 7:53 AM
jail all these traitors
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By bobo on 5/2/2006 7:59 AM
When Cox answered Greenberg's question, you could have heard a pin drop at the end.

It was lighthearted right up until then - and suddenly it got very frosty.

Cox brought up several instances where members of the financial press were caught red-handed doing illegal things, and used that as an example of why the mantle of invulnerability was one that couldn't be issued - that while the SEC would try to respect their work, by the same token, if a journalist was a crook, he was going to be taken down.

The message was clear as day to me.

And apparently to the rest of the crowd. It was silent for a good 7 seconds after he responded to Herb.
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By rtway1 on 5/2/2006 8:05 AM
I feel as secure as Cuban or Mexican citizen does while their caring and protective government officials watch over them. We have become a third world power ourselves, we can,t even defend outselves from crooked elitist or the compromised government. Anna Nicole Smith makes the front pages, but Americans being used and screwed daily by Wall St. won,t even make it into the obituary section. Thanks Dems and Rep.,s for all your great service, may you all go to hell.
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By troydian on 5/2/2006 8:06 AM
we need Steven Colbert to do a truthiness piece on Naked shor selling http://thankyoustephencolbert.org/
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By InTheKnow on 5/2/2006 8:24 AM
Thank your lucky stars that less and less people are reading the trash that the financial papers are trying to diseminate! Let all the hedge funds naked short the hell out of the papers while they all go broke. Poetic justice.

We're mad as hell and we're not going to take it anymore.
SETTLE THE TRADES OR SETTLE IN JAIL!
A post from RB (JAGH Board) and a reminder why we are here! By InTheKnow on 5/2/2006 9:03 AM
By: sharonb
02 May 2006, 11:59 AM EDT
Msg. 79359 of 79360
(This msg. is a reply to 79352 by rezurch.)
Jump to msg. #
rezurch: Remember this from VP Alexander at Schwab when the SEC was asking for comments about RegSHO before it was implemented... Excerpt from PDF.
Link follows..SB..
However, Schwab opposes the notion that securities intermediaries such as broker-dealers be required to police compliance with such a rule. The NYSE and other SROs have had trade affirmation rules on their books for some time. However, such rules have not been effective in changing the behavior of Buy-Side firms or their custodians; nor do the rules provide assurance that the affirmed trade will settle. Recognition of this fact is evidence that changes to the settlement cycle not only require overhauling systems, but also changing behavior. We believe that only by holding all market participants directly accountable for making required affirmations will the necessary changes to behavior occur.
From page 4.
http://www.sec.gov/rules/concept/s71304/charlesschwab061604.pdf

The above was authored by Mike Alexander, Senior VP of Charles Schwab
This comment from http://www.knowledgeplex.org/news/35632.html relates to above comments. Mr. Alexander admits outright that brokerages regularly ignore rules and regulations, saying it is not rules that need to be written; it is changes in behavior that is needed. The comments were directed towards proposed changes in the U.S. settlement system, but could easily apply to other regulations as well. "Improvements in the U.S. settlement system will only be truly achieved if and when regulations are rationalized to ensure that all market participants are held accountable for compliance.
(Note:The knowledgeplex link is no longer useful. Was referenced to a nexus-lexus Article and the rights have expired. SB)


Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By SteveM on 5/2/2006 9:56 AM
"We're not going to go to journalists first, we're not going to go to journalists second. We're going to go to you dead last," Cox told the audience of editors, columnists and reporters."


Whenever I am looking for something, it is ALWAYS in the last place I look. The DEAD LAST.

Yep, that's where they'll find it!
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By gregcable2002 on 5/2/2006 12:14 PM
I still say we should stop trading for two days around election time.Protest wall street by refusing to trade.I think we would get alot of exposure.
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By rtway1 on 5/2/2006 12:44 PM
I,m glad you added that piece Bob about how Cox answered slimy old Herbie, I was under the impression Herbie was playing him like a banjo.
Re: Bobo breaks out MS Paint in order to offer the cheap seats at home a simplified explanation of the perspective of the SABEW speakers... By Lee on 5/2/2006 12:45 PM
That's the best one yet. LMAO

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