Gary Weiss
Gary Weiss
Gary Weiss is an American investigative journalist, columnist and author of two books that critically examine the ethics and morality of Wall Street. He was also a contributing editor for Condé Nast Portfolio. His Business Week articles exposed organized crime on Wall Street and the Salomon Brothers bond trading scandal in the 1990s, and more recently he has covered the 2008 financial crisis and its aftermath. Weiss is co-founder of The Mideast Reporter...
NationalityAmerican
ProfessionJournalist
CountryUnited States of America
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Conspiracy theories feed on opacity, and that's a longtime problem with short selling. Large long positions must be reported to the Securities and Exchange Commission in public filings, but not large short positions.
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Broadcasts from the floor of the New York Stock Exchange have propelled once-obscure financial journalists such as Maria Bartiromo to celebrity status and made CNBC to investors what ESPN is to sports fans.
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At their worst, message boards can subject you to mindless braying or outright stock scams. But at their best, they provide meaty insights on just about every stock imaginable.
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All too often, the pitchmen are selling the notion that if you gain 'control' over your financial destiny - pick your own stocks and execute your own trades - it will be the first step on a short road to riches.
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With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated.
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With 'posts' running in the millions, Internet message boards have become an essential part of the savvy investor's arsenal.
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The Amex has a long, often troubled, sometimes glorious history.
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Some hedge fund managers have made big bucks trading oil futures - George Soros is one.
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Shorts wager on price declines by selling shares that they have borrowed in the hope of buying them back at far lower prices.
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People are told their rights when they're arrested. Consumers getting collection letters are entitled to the same courtesy.
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One problem with the focus on speculation is that it tends to promote the growth of the great intellectual cancer of our times: conspiracy theories.
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Newt Gingrich is a boastful kind of guy. But when it comes to Wall Street, the former House speaker is surprisingly modest.
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Legitimate institutions historically have been defenseless in the face of outright fraud.
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India may be the only country in the world that has been free of anti-Semitic prejudice throughout its history.