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The Truth Behing Zero Hedge's Founder

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September 30, 2009 – Comments (4)

New York Magazine recently published an interesting article about the founder of the "Zero Hedge" blog.  Apparently the blog's creator is a 30-year old who was banned from trading securities for insider trading.

I actually don't mind Zero Hedge.  It often has a lot of interesting stuff on there.  I particularly liked its work on Goldman's flash trading operations and I agree with its mocking of the mainstream financial media. 

However, the site's infatuation with the movie Fight Club is a little too theatrical and over the top for my taste.  It almost comes across at times that the folks there have a few screws loose or else they are playing things up in an effort to make as much money as they can by sucking in as many conspiracy theorists as possible.  I have nothing against making money, but the whole we're all Tyler Durden garbage is pretty weak. 

Anyhow, here's a link to the interesting piece, which angered the folks at Zero Hedge (or one of its fans) to send comments like this to the article's author:

Let’s get some of his work particulars, as well as information about his father. And does he have kids?
Hagan: you’re just another meal in the food chain, and you might find ZH readers are a hungry lot.

welcome to fight club joe.

Joe forgot we are the ones that educate his kids, care for his parents, fix his car and deliever his pizza. hehe

The Dow Zero Insurgency

Deej

4 Comments – Post Your Own

#1) On September 30, 2009 at 6:13 PM, JakilaTheHun (99.93) wrote:

HAHAHA! 

This suprises me not one bit.  I've been telling people this guy was a fraud and likely crook for months.  I've even thought about asking Seeking Alpha to investigate him more thoughly, because I've thought there was a significant likelihood that he was a short seller trying to manipulate securities.  

His analysis is so unbelievably one-sided as to be absurd and the guy obviously has an agenda.  And the guy couldn't even come up with an original name to boot --- whoever owns the rights to Fight Club should sue his a#! off!

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#2) On September 30, 2009 at 6:17 PM, LuckyStrike88 (< 20) wrote:

So this article points to his past of "insider trading" in order to show his charecter yet, we are supposed to trust Goldman Sachs and the rest of the banking establishment that brought this entire debacle on us?

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#3) On September 30, 2009 at 9:02 PM, russiangambit (29.27) wrote:

ZeroHedge guy was outed about a month ago. I had no doubt that he had some history given his bitterness towards WallStreet. But he has good info nevertheless, even though somewhat biased. My take on it is that he was telling too much of the truth which irritated WallStreet firms and they outed him. So what?

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#4) On October 01, 2009 at 5:59 AM, TMFDeej (99.41) wrote:

You're absolutely right, maximum.  I don't trust Goldman one bit.  I'm not big on conspiracy theories and yet I have absolutely no doubt in my mind that GS uses its connections in the government and elsewhere to make profits that it probably shouldn't be making.  The whole flash trading ordeal is proof of that.

Still, the whole "Fight Club" angle of Zero Hedge is pretty freaking lame.

Deej

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