‘Meme’ mob behind Gamestop frenzy might still imperil soaring AMC
Charles Gasparino, 29 May 2021
Adam Aron says he wants to increase his Twitter following to include about 1,000 more professed small-investor shareholders of the company he runs, AMC Entertainment.
His goal is to better “understand this phenomenon that has changed who owns AMC.” But based on the type of AMC shareholder who hangs out on Twitter, he may be surprised — and more than a little embarrassed — by what he finds.
AMC, of course, is the world’s largest movie-chain business, synonymous for many years with blockbuster movies, sticky floors and terribly overpriced popcorn. Continue reading “Article: ‘Meme’ mob behind Gamestop frenzy might still imperil soaring AMC”
Charles Gasparino is an American journalist, blogger, occasional radio host, and author. He frequently serves as a guest panelist on the Fox Business Network program segment The Cost Of Freedom and the stocks/business news program Cashin’ In.
Gasparino was born to an Italian-American family in the Bronx, Gasparino graduated with a B.A. from Pace University before earning his master’s degree in journalism from the University of Missouri in Columbia, Missouri.
Continue reading “Media: Charles Gasparino”
Busting Steve Cohen: How a Minor Charge Threatens a Major Figure
Charles Gasparino, 22 July 2013
After years of investigations, wiretaps, and coercing cooperation from numerous witnesses, the government’s big insider trading case against hedge fund impresario and long-time target Steve Cohen may come down to a single “failure to supervise” charge.
That’s right: No insider trading charges; no criminal charges; and no fraud allegations. It sounds like pretty weak stuff considering what the Feds believe to be the scope of the crime: numerous instances of insider trading at the massive hedge fund that Cohen runs, the Stamford, Connecticut-based SAC Capital — and possibly the direct involvement of Cohen himself in some of those trades. Continue reading “Article: Busting Steve Cohen: How a Minor Charge Threatens a Major Figure”
The ongoing tumult in financial markets and the global economy began when some of our most esteemed financial institutions, our government, and even average citizens abdicated their collective responsibilities, eventually selling out investors and selling off the American Dream itself.
From critically acclaimed investigative journalist and CNBC personality Charles Gasparino comes a sweeping examination of the most volatile, anxiety-ridden era in our nation’s socioeconomic history. The winner of the 2009 Investigative Reporters and Editors Award for Books, The Sellout traces the recent implosion of the financial services business back to its roots in the late 1970s, when Wall Street embraced a new business model predicated on enormous risk.
Continue reading “Book: The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System”
Bernard Madoff, the Mafia, and Naked Short Selling
DeepCapture, 19 January 2009
Bernard L. Madoff was once the chairman of the NASDAQ stock exchange. He was one of the most important market makers on Wall Street. And he managed what was, by some estimates, the largest hedge fund on the planet.
Yes, Bernard Madoff was an impressive man. That much was clear even before we learned that his $50 billion Ponzi scheme may have been orchestrated in cahoots with the most powerful, sophisticated, and indiscriminately murderous organized crime syndicate the world has ever known.
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NY Press Dead Silent on SEC Cover-Up, Except For Forbes’ Liz Moyer
Sanity Check, 21 August 2006
Maybe if we don’t talk about the SEC cover-up, it never happened?
That seems to be the way our venerated NY press corps is treating the FOIA data on Global Links – the topic of the last two blogs, and of a Forbes article on Friday.
This is playing out like the Dan Rather incident, but times ten. Bloggers and a few mainstream pubs get it and break the story, while the media circles its wagons and goes into denial mode.
Anyone surprised? Note that there is nothing from the WSJ, nothing from the NY Times, nothing from Barron’s, nothing from the NY Sun, nothing from TheStreet.com or Marketwatch, nothing from CNBC, nor Bloomberg, nor AP, nor Reuters…not even from the Post.
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