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Article: Who (Almost) Killed Home Capital Group?

Article - Media, Publications

Who (Almost) Killed Home Capital Group?

Featured Posts, Investments, 02 April 2021

I am still coming to terms with the collapse in shares of Home Capital. It wasn’t supposed to play out this way. The Canadian alternative mortgage lender saw its shares fall from an all-time high of $54.86 in August of 2014 to a low of $5.85 in May of 2017. At the time, I was working as an analyst at one of Canada’s largest asset managers. I spent 2014 and 2015 following only the Canadian banking sector. I saw the events at Home Capital up close.

The company was in the crosshairs of short sellers for years prior to its 2017 crisis. As an alternative lender in Canada’s frothy housing market, many shorts saw parallels between Home Capital and some of the worst-performing American subprime lenders. Steve Eisman, made famous in Michael Lewis’ The Big Short for his success betting against the US subprime bubble, was one of the first to come out publicly as a bear on Home Capital in 2013. And from there the criticisms continued for years. Continue reading “Article: Who (Almost) Killed Home Capital Group?”

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Subject: David Rocker

People

David A. Rocker  (born 1943) founded the hedge fund Rocker Partners, LP. Rocker holds a magna cum laude bachelors from Harvard College and a master of business administration from Harvard Business School. Rocker and his wife, Marian, reside in Florida and New Jersey. They have two sons.

In 1969, Rocker joined Mitchell Hutchins, where he was a research analyst and investment banker. In 1972, he hired on at Steinhardt, Fine, Berkowitz & Co., a pioneering hedge fund, and was a general partner there from 1973 to 1981. Rocker joined Century Capital, a registered investment adviser, as a partner in 1981. While there, he was a portfolio manager for institutional clients. Continue reading “Subject: David Rocker”

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Tweet: Marc Cohodes Doubles Down Against Patrick Byrne

Tweet

Marc Cohodes
@AlderLaneeggs
For those not thinking it thru with $OSTK . the @SEC_Enforcement
is after Patrick Byrne and his Pump and Dump, not Overstock. This is not new at all and they should get Patrick, for what he did was wrong and illegal.. It was also years ago so I could frankly care less.

@AlderLaneeggs Gosh, Marc, you keep climbing in the tag cloud at https://stopnakedshortselling.org. What do you do when declassification of white collar criminal communications and banking transactions happen? #WallSteet, #SEC We have it all. Time for you to make the deal.
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Article: ‘Whistleblower Field’: Marc Cohodes announces $100,000 donation to rename Parker H. Petit Field

Article - Media

‘Whistleblower Field’: Marc Cohodes announces $100,000 donation to rename Parker H. Petit Field

Brooklyn Valera, The Signal, 23 February 2021

The Signal has been reporting on Georgia State alumnus and top donor Parker H. Petit’s criminal activity and investigation since 2018.

Marc Cohodes, a notorious short-seller who helped shine a light on Georgia State alumnus and top donor Parker H. Petit’s criminal activity, is now calling to remove Petit’s name from Georgia State’s football field.

Read full article.

Comment: The Signal, evidently a student run publication that is both stupid and slutty — it can be bought — has defamed a good man — Parker H. Petit — and chosen to consort with a known piece of crap, Marc Cohodes. One can only hope that the President of Georgia State is endowed with intelligence and integrity and takes Cohodes’ offer of $100K for what it is — a bribe, below market price, and to be treated with scorn and disdain.

 

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Letter: Marc Cohodes to Judge Jed Rakoff

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PDF (5 Pages): 20210218-Cohodes Submission Against Petit

“Second, Mr. Cohodes has never engaged in naked short selling (that is, he trades through brokers who find shares for him to borrow and he pays high interest fees to maintain his short positions). He was never part of any concerted illegal campaign to target MiMedx; his actions were his own.”

Comment: The above statement by a lawyer is easily challenged in court with evidence. Mr. Cohodes appears to be panicking. This time around it will cost him 10X to 100X what he was forced to pay Patrick Byrne.  We have it all. The matter of compromised judges and DOJ and SCC as a RICO organization are also on the table. DTCC will not survive a Special Prosecutor.

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Mark Cohodes Hears From Robert Steele Tik Tok Tik Tok

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Mark Cohodes posted this to his “private” twitter:

Robert Steele, intelligence professional, responded:

NOTE: Mr. Cohodes is believed to be well aware there were 50 million counterfeit shares. Evidence of both that fact and his knowledge of and engagement with that fact can be presented to a court court.  Mr. Cohodes should have  his day in court — in fact, he should have many days in many courts in CA, UK, and US. Tik tok, tik tok . . .

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Article: Hedge Fund Sues Brokers Alleging Naked Shorting In Now Defunct Concordia Health

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Hedge Fund Sues Brokers Alleging Naked Shorting In Now Defunct Concordia Health

Tyler Durden, Zero Hedge, 16 February 2021

Several major international brokers have been sued by a Bermuda hedge fund that claims the brokerages coordinated “abusive” naked short selling and spoofing strategies in US and Canadian markets. The suit revolves around the former Concordia Health, which was highly leveraged and ultimately went bankrupt after controversy about price gouging.

CIBC, Bank of America, UBS and TD Bank are among those named as defendants in a lawsuit filed by Harrington Global Opportunity Fund in the US District Court for the Southern District of New York, according to Securities Finance Times.

Read full article.

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Article: Short-seller Marc Cohodes strikes back on Reddit saga as GameStop shares tumble again

Article - Media, Publications

Short-seller Marc Cohodes strikes back on Reddit saga as GameStop shares tumble again

Jim Armitage, 04 February 2021

A highly regarded short-seller has written a heartfelt defence of his breed to US senators investigating hedge funds’ role in the Reddit GameStop saga just before shares in the company fell a further 35% Marc Cohodes’ lawyer has written to Senators on the senate committees on Banking and Home Affairs about GameStop to declare: “The share price was not manipulated down; it was manipulated up.” Continue reading “Article: Short-seller Marc Cohodes strikes back on Reddit saga as GameStop shares tumble again”

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Tweet: Marc Cohodes Weaves His Web — NewsFlash — We Have It All, Marc!

Subject of Interest, Tweet

Comment: Mr. Cohodes, who is very much present in the tag cloud, seems to think that we have all forgotten his years of engagement in the ecology of naked short selling. His offering to brief Congress, which G. Robert Blakey considers a RICO organization enabling naked short selling, is laughable. We have it all, Mr. Cohodes.  There is no place to run. Can you spell “discovery?”

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Article: The Dark Money Secretly Bankrolling Activist Short- Sellers — and the Insiders Trying to Expose It

Article - Media

The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It

Michelle Celarier

Institutional Investor, 30 November 2020

More than a dozen short-sellers interviewed by Institutional Investor in an effort to penetrate this murky terrain say there are numerous players and various permutations of the model that may involve the sharing of ideas and research along with either a cut of the gains on the short trade or a set fee. In fact, some short-sellers believe that almost all of the activists have such backing — even those running small hedge funds themselves.

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Article: The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It

Article - Media, Publications

The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It

Michelle Celarier, 30 November 2020

John Fichthorn had been in the hedge fund business for more than 20 years when a half-hour phone call with a stranger put him on high alert. In December 2017, Fichthorn — a veteran short-seller and the founder of hedge fund Dialectic Capital Management — had joined the board of a troubled small-cap company called Health Insurance Innovations. But when he happened to mention its name to a prospective investor a year later, the man told him an alarming detail. Continue reading “Article: The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It”

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Web: Our Financial Oligarchy; Emperors of a Brave New World

Web

Our Financial Oligarchy; Emperors of a Brave New World

They own the regulators; they own the brokerage houses; they own the clearing houses; they own all of your investments; and it’s even been shown that they can exert complete control over the government.

To understand how these banks exert complete control over our financial system, one must first understand the securities clearance system.

In the United States of America, there is only one central clearinghouse: The Depository Trust and Clearing Corporation, and for almost 50 years they have maintained a virtual monopoly over this essential service.

It is a private corporation that is owned by these mega-banks and brokers.

Read full free book online with many illustrations

PDF (470 Pages): Our Financial Oligarchy Back-Up