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Myra Bronstein
12-23-2008, 01:20 PM
I just may barf. Jimmy Wales has the gall to beg for money from the very people he spreads propaganda to: http://wikimediafoundation.org/wiki/Donate/Letter/en?utm_source=2008_jimmy_letter_r&utm_medium=sitenotice&utm_campaign=fundraiser2008#appeal

This is the jerk who said the following:
Peter Andrews writes:
The Wikipedia entries for politically-sensitive events such as the causes of the WTC collapse and the assassination of JFK parrot the official government positions, despite the fact that in both cases a majority of people around the world seriously doubt these explanations.
For example, the page about JFK's assassination discusses the controversy but all evidence linking the killing to the CIA is missing. It is difficult to believe that nobody in the world is interested in adding this information, so most probably it has been removed by CIA staff. Do you see any need to actively protect these areas of Wikipedia, so that their contents are not so obviously government propaganda? Or do you yourself censor the entries so that they comply with official government policy?

Jimmy Wales replies:
I could tell you but then I would have to kill you, as the old saying goes.
When the cumulative wisdom of thousands of individuals working in complete freedom from points all over the globe in a transparent public system leads to a certain result you don't like, it is probably better to check your premises than to assume that it is the result of a CIA plot. Please.
The truth is that people who are eager to push bizarre theories based on random speculation by lunatics do not generally find a fact-based, open culture of dialogue and debate to be to their liking. I think this is one of the huge benefits of Wikipedia, it allows ordinary people a quick way to rely on a resource where good people have thoughtfully sorted through the noise to arrive at a broad presentation of the truth. Including the truth about what the CIA has done or not done, when reliable evidence supports it.
But to answer your question a bit more directly: no, Wikipedia is not controlled by the CIA, Martians, or Elvis.
http://www.newscientist.com/article/dn10970-readers-q--a-with-wikipedia-founder.html?full=true

Yet Virgil Griffith showed that the CIA is, in fact, updating Wikipedia:

http://www.wired.com/politics/onlinerights/news/2007/08/wiki_tracker
See Who's Editing Wikipedia - Diebold, the CIA, a Campaign
By John Borland Email 08.14.07
CalTech graduate student Virgil Griffith built a search tool that traces IP addresses of those who make Wikipedia changes.
Photo: Jake Appelbaum

...
Wikipedia Scanner -- the brainchild of Cal Tech computation and neural-systems graduate student Virgil Griffith -- offers users a searchable database that ties millions of anonymous Wikipedia edits to organizations where those edits apparently originated, by cross-referencing the edits with data on who owns the associated block of internet IP addresses.
...
Wikipedia founder Jimmy Wales told Wired News he was aware of the new service, but needed time to experiment with it before commenting.

The vast majority of changes are fairly innocuous, however. Employees at the CIA's net address, for example, have been busy -- but with little that would indicate their place of apparent employment, or a particular bias.


Given that Wikipedia is demonstrably controlled, at least to some extent, by the CIA--Wales should go to them to beg for money. Or maybe should say "beg them for more money."

David Guyatt
04-02-2009, 10:14 AM
Anyone care to try this simple test on the integrity of Wikipedia and report back to this forum?

http://www.deepcapture.com/


Do I Live in a Synthetic Reality?” Do-It-Yourself Home Test

March 21st, 2009 by Patrick Byrne

“The Matrix is the world that has been pulled over your eyes, to blind you from the truth.”

- Morpheus to Neo, The Matrix

It is the mission of DeepCapture to show you, dear reader, that the financial world you inhabit, a world vouched-for in dulcet Midwestern tones by actor-spokesmen you recognize and trust, a world inhabited by honest brokers looking after your money, brokers who interact through self-regulating exchanges overseen by diligent regulators, themselves overseen by elected politicians looking out for their constituents, themselves challenged by an adversarial free press maintaining a critical posture towards it all, is in fact a “world that has been pulled over your eyes, to blind you from the truth.” It doesn’t exist: it is a socially constructed reality designed to keep you complacent as you feed your savings to the machine.

And I can prove it. For that matter, so can you, right now, from your computer. To explain how, I must continue with reference to The Matrix.

There is a point in the movie where Neo and his comrades are walking up a staircase. Neo glimpses a black cat that disappears then reappears:

In this essay I will explain a glitch that is available for you to verify right now, from your computer. I do not know how long it will remain after I write this, but it has existed for many months, and cannot be fixed without causing other problems for those seeking to keep you deluded. I will take you through three steps, and then you will be able to test this theory from your computer, and see a glitch that should not exist.

*****

STEP #1 OF 3: UNDERSTAND WIKIPEDIA

Wikipedia is a social media encyclopedia. That is to say, it is the work of thousands of people collaborating across the Internet to write millions of articles on every subject one would expect to find in an encyclopedia, and many more. People are free to edit other peoples’ words, adding their own knowledge to the sum. The constitutional principles of Wikipedia demand that such edits and additions be written from a “Neutral Point of View”. Every article is backed up by a discussion page, where the people who are working on that article can meet and work out their differences in an atmosphere where good faith is assumed. Ultimately, differences which are not so resolved are put to community vote. In sum, Wikipedia is socially constructed reality.

Wikipedia has drawn its detractors (myself among them) across many fronts. One thing that both supporters and detractors agree on, however, is the remarkable speed with which Wikipedia is updated to reflect the world around us. When any significant event happens, the appropriate page is updated within minutes, or even within seconds, by someone. Be it a public statement of a treasury official, the passing of a celebrity, or a car bomb going off on a street in Beirut, the appropriate Wikipedia pages are updated before the story has finished scrolling across the wire.

*****

STEP #2 OF 3: SCROLL THOUGH THE HEADLINES OF (OR READ) THESE 21 ARTICLES (a-u) CONCERNING NAKED SHORT SELLING AND THE GLOBAL FINANCIAL IMPLOSION

a) July 12, 2006 Speech by SEC Chairman: Opening Statements at the Commission Open Meeting by Chairman Christopher Cox

Second Item - Proposed Amendments to Regulation SHO

The next item on our agenda is the serious problem of abusive naked short sales, which can be used as a tool to drive down a company’s stock price to the detriment of all of its investors. The Commission is particularly concerned about persistent failures to deliver in the market for some securities that may be due to loopholes in the Commission’s Regulation SHO, adopted just two years ago.

At the Commission’s request, the Division of Market Regulation has prepared proposed changes in Rule 203 under Regulation SHO to cut down on failures to deliver.

The need for Regulation SHO grew out of long-standing and growing problems with failures to deliver stock by the end of the standard three day settlement period for trades, some of which were symptoms of abusive “naked” short selling. Selling short without having stock available for delivery, and intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws…

A grandfather provision, however, gave an exception from Rule 203(b)’s mandatory close out provision for any fail to deliver positions established before a security became a threshold security. And another provision of Rule 203(b) - the options market maker provision - provides an exception for any fail to deliver positions in a threshold security if they result from short sales by an options market maker, for the purpose of establishing or maintaining a hedge on options positions created before the underlying security became a threshold security.

We are particularly concerned about the potential negative effect that substantial and persistent fails to deliver may be having on the market in some securities. Specifically, these fails to deliver can deprive shareholders of the benefits of ownership - voting, lending, and dividends from issuers. Moreover, they can be indicative of abusive naked short selling, which could be used as a tool to drive down a company’s stock price. They may also undermine the confidence of investors who may believe that the fails to deliver are evidence of manipulative naked short selling in the stock. In turn, issuers may be harmed, as investors may be reluctant to commit capital to a stock that they believe is subject to abusive naked short selling.

To address these concerns, the Division of Market Regulation is recommending proposals to amend Regulation SHO. The recommended proposals are based on examinations conducted by the Commission’s staff and the SROs since Regulation SHO became effective in January 2005. While preliminary data indicates that Regulation SHO appears to be significantly reducing fails to deliver without disruption to the markets, there continues to be a number of threshold securities with substantial and persistent fail-to-deliver positions that are not being closed-out under existing delivery and settlement guidelines. It appears these persistent fails are primarily attributable to the grandfather and options market maker exceptions to the delivery requirements of Regulation SHO.

The proposals being recommended today would eliminate the grandfather provision, and narrow the options market maker exception. The proposals would include a limited one-time phase-in period following the effective date of the amendment. The proposals also include a technical amendment that would update the market decline limitation referenced in the rule. In combination, these proposals are intended to eliminate the persistent fails to deliver that are attributable to loopholes in Regulation SHO as originally adopted…

*****

b) March 4, 2008 - Reuters: “SEC proposes tougher “naked” short selling rules“

WASHINGTON, March 4 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday proposed tougher rules to curb so-called “naked” short-selling abuses and prevent market price manipulation.

SEC Chairman Christopher Cox said regulation SHO, an existing rule partly aimed at short selling abuses, “needs teeth.”

Short sellers borrow shares they consider overvalued and sell them. If the price drops, they repurchase the shares, return them and pocket the difference. In a naked short sale, the investor sells stock that has not yet been borrowed.

The three-member SEC voted unanimously to propose the rule, which targets sellers who intentionally deceive broker-dealers or purchasers about their ability to meet delivery deadlines.

Sellers sometimes deliberately fail to deliver securities as part of a scheme to manipulate the stock price.

*****

c) March 5, 2008 - Wall Street Journal: “SEC Proposes Teeth for Short-Selling Rules“ by Judy Burns

WASHINGTON — Securities regulators voted 3-0 to propose a rule intended to crack down on lingering abuses involving so-called naked short sales and failures to deliver shares that have been used in such sales.

The proposal is part of a continuing attack by the Securities and Exchange Commission on short-sales abuses, an effort begun four years ago with the adoption of rules known as Regulation SHO.

Separately, the SEC voted to propose changes that could speed the introduction of exchange-traded funds, without review by federal regulators. (Please see related article.)

Short selling involves sales of borrowed shares, producing profits when prices decline, allowing the short seller to replace borrowed shares at a lower price.

In contrast, “naked” short sellers don’t borrow shares before engaging in short selling, and they may have no intention of borrowing them.

Regulation SHO sought to curb such practices by requiring short sellers to locate shares for borrowing before engaging in short sales, but it did not include any new mechanism to enforce the requirement.

Under the proposal, the SEC would create an antifraud rule targeting those who knowingly deceive brokers about having located securities before engaging in short sales, and who fail to deliver the securities by the delivery date.

SEC Chairman Christopher Cox said the proposal would bring needed teeth to Regulation SHO and address concerns about short-selling abuses, particularly in the market for small-cap stocks. “Reg SHO can’t be effective without enforcement,” Mr. Cox said.

Even with the regulation in place, the SEC received hundreds of complaints last year about alleged abuses involving short sales. While most trades settle within three days, as required, the SEC estimates about 1% of shares that change hands daily, or about $1 billion, are subject to delivery failures.

The SEC’s move last year to close off a “grandfather” exception to Regulation SHO, has done little to reduce longstanding delivery failures, according to preliminary data analyzed by SEC staff.

The SEC has yet to announce its plans for a separate pending proposal to scale back or eliminate an exemption for options market-makers.

Brokers who engage in short selling for customers would not face any new obligations under the proposed antifraud rule, and the SEC said it wouldn’t apply to market makers engaging in market-making activities.

Although the SEC already has authority to sue illegal short sellers, SEC officials said a new rule explicitly targeted to naked short sales might affect behavior. SEC Commissioners Paul Atkins and Kathleen Casey expressed support for the crackdown on abusive sales but said they want to be sure it doesn’t result in unintended consequences, such as driving legitimate short sales offshore.

*****

d) July 15, 2008 - Bloomberg: “SEC to Limit Short Sales of Fannie, Freddie, Brokers” By Jesse Westbrook and David Scheer

The U.S. Securities and Exchange Commission will limit the ability of traders to bet on a drop in shares of brokerage firms, Freddie Mac and Fannie Mae as part of a crackdown on stock manipulation, the agency’s chairman said.

Christopher Cox told the Senate Banking Committee that the agency will require traders to hold shares of the two mortgage buyers and the brokerages before they execute a short sale. The emergency order, to be in effect for 30 days, will bar the practice called naked short selling, in which traders avoid the financial cost of borrowing shares when betting they’ll fall.

Cox said the SEC will draft rules “to address the same issues across the entire market.”

Hedge-fund manager William Ackman, who oversees $6 billion at Pershing Square Capital Management, is among those betting that shares of Fannie Mae and Freddie Mac will fall. There’s no indication he is engaging in naked short selling, in which traders never borrow shares from their broker or deliver the stock to buyers.

The SEC has been reluctant to curb short selling “because it would require a major retooling of the plumbing of Wall Street,” said James Angel, a finance professor at Georgetown University studying short sales. “It’s only when the big Wall Street firms are threatened that the SEC does something about it.”

Trading Abuses

The SEC is investigating whether trading abuses contributed to the collapse of Bear Stearns Cos. in March and the 78 percent drop in the market value of larger rival Lehman Brothers Holdings Inc. this year. Fannie Mae and Freddie Mac have each lost about 80 percent of their value amid speculation the mortgage-market crisis may push the firms into insolvency.

Short-sellers, who borrow shares betting that they’ll decline, are spreading rumors about Lehman in an organized attempt to depress the stock, according to Richard Bove, bank analyst at Ladenburg Thalmann & Co. in Lutz, Florida.

“As with Bear Stearns, Lehman has been targeted by the fear-trade,” said Fox-Pitt Kelton Cochran Caronia Waller analyst David Trone in a report yesterday. Lehman should go private so it can avoid the attacks by short-sellers, he said.

Freddie Mac, down as much as 34 percent today before Cox’s comments, erased some of the decline and fell $1.49, or 21 percent, to $5.62 at 2:34 p.m. in New York Stock Exchange composite trading. Fannie Mae shares rebounded from a 30 percent drop and were down 18 percent.

Opposition

“I don’t think the government should ban short-selling in anything as long as it’s fully disclosed, as long as there’s no manipulation,” MFS Investment Management Chairman Robert Pozen said in an interview with Bloomberg News yesterday. “Don’t we want the market to work here?”

John Nester, an SEC spokesman, said the emergency order will “require any person effecting a short sale in the listed securities to borrow the securities before the short sale is effected and deliver the securities on settlement date.”

In traditional short selling, traders borrow stock through a broker and hope to profit by selling shares high and later buying them back at lower prices to repay the loan.

Naked short selling isn’t necessarily illegal, unless authorities can prove fraud, such as a scheme to manipulate stock prices.

*****

e) July 18, 2008 - Op-ed for the Investor’s Business Daily: “Public Statement by SEC Chairman Christopher Cox ‘Naked Short Selling Is One Problem a Slumping Market Shouldn’t Have‘”

The demise of IndyMac, coming on the heels of Bear Stearns’ desperate sale to JPMorgan Chase, is a sure sign of the fragility of today’s markets. What’s needed now, more than ever, is reliable information for investors and confidence that trading can be conducted without the illegal influence of manipulation.

Because financial institutions depend on confidence, they are uniquely vulnerable in the current climate. A “run on the bank” can take hold quickly, and can be fatal. But stampedes are not always rational.

When an irrational panic is fueled by a sense of urgency, false rumors that must be acted on immediately and the fear that everyone else may get out first, market integrity is threatened. It is the job of market cops to provide a measure of confidence that financial information about public companies is accurate and reliable — and when it is not, to punish those responsible.

Who profits from intentionally false information in the marketplace? Those who are in on the scam and positioned to benefit from the predictable response of others who believe the fraudulent information to be true.

The classic “pump and dump” scheme, in which a stock is inflated through false information and then dumped on unsuspecting investors when the perpetrators flee, is one example of how this works. “Distort and short” is the same thing in reverse.

Naked short selling can turbocharge these “distort and short” schemes. In a naked short, the usual process of short selling is circumvented, because the seller doesn’t actually borrow the stock and simply fails to deliver it. For this reason, naked shorting can occur even when actual shares aren’t available in the market. It allows manipulators to force prices down without regard to supply and demand.

Next week, the SEC will implement an emergency order designed to prevent naked short selling in the financial firms that the Federal Reserve Board has designated as eligible for access to its liquidity facilities.

Because these are large firms with substantial public float, honest short sellers can readily locate shares to make good on their short positions. Continued legitimate short selling in these issues will act, as it is supposed to, as a way for market participants to invest in the downside and to hedge other positions.

At the same time, eliminating the prospect of naked short selling will help assure investors that it is safe for them to participate, and that the current declining market is not the product of unseen manipulators and “distort and short” artists.

Our emergency order is not a response to unbridled naked short selling in financial issues — so far, that has not occurred — but rather it is intended as a preventative step to help restore market confidence at a time when it is sorely needed.

Many people think naked short selling is already illegal, but that isn’t true. Shares are normally delivered to the buyers within three days of the trade. But in most stocks, including those covered by our emergency order, that three-day period can be extended indefinitely.

Even without these extensions, and even when a short seller locates shares that can be borrowed, there can be problems because the short seller is not currently required to actually borrow those shares until settlement.

As a result, securities lenders can tell multiple short sellers they can borrow the same shares of stock — a sure recipe for a failure to deliver. Once the commission’s order takes effect, this possibility will no longer exist.

The SEC is committed to maintaining orderly securities markets. The abusive practice of naked short selling is far different from ordinary short selling, which is a healthy and necessary part of a free market.

Our agency’s rules are highly supportive of short selling, which can help quickly transmit price signals in response to negative information or prospects for a company. Short selling helps prevent “irrational exuberance” and bubbles.

But when someone fails to borrow and deliver the securities needed to make good on a short position, after failing even to determine that they can be borrowed, that is not contributing to an orderly market — it is undermining it. And in the context of a potential “distort and short” campaign aimed at an otherwise sound financial institution, this kind of manipulative activity can have drastic consequences.

It was famously — perhaps too famously — said that “markets will fluctuate.” That is certainly true if they are well-functioning. As market referee, the SEC neither can nor should direct the market’s fluctuations. Instead, our most basic role is to ensure a continued flow of liquidity to the markets from participants who are confident the game isn’t rigged against them.

Naked short selling can undermine the market’s integrity. For the financial sector in this crisis, certainly, but as soon as possible for the entire market, this is one worry investors shouldn’t have.

*****

f) July 29 - Bloomberg: “SEC Extends Naked Short-Sale Order on Fannie, Freddie” David Scheer and Edgar Ortega

The U.S. Securities and Exchange Commission extended an emergency limit on short sales in shares of Freddie Mac, Fannie Mae and 17 brokerages as it prepares broader rules to thwart stock manipulation.

The SEC pushed back expiration of its ban on so-called naked short sales of the firms’ stocks from today through Aug. 12, the Washington-based agency said in a statement. The order aims to keep traders from driving down financial stocks to boost profits after Bear Stearns Cos. and IndyMac Bancorp Inc. collapsed amid rumors they were faltering.

The emergency order, focused on companies whose collapse might expose the U.S. government to losses, gives regulators time to weigh wider restrictions. SEC Chairman Christopher Cox last week told lawmakers the agency is examining other proposals, such applying the ban on naked short sales to the broader market.

“It definitely appears that the SEC is interested in making adjustments to short-sale regulations,” said John Standerfer, vice president for financial services at S3 Matching Technologies, the Austin, Texas-based trade processor.

In traditional short selling, traders borrow shares and sell them. If the price drops, they profit by re-buying the stock, repaying the loan and pocketing the difference.

Naked short sellers don’t borrow shares before settling sales. The SEC is concerned manipulative investors may use the sales, legal under some conditions, to drive down prices by flooding the market with orders to sell shares they don’t have.

Arrange to Borrow

The temporary order, which took effect July 21, requires traders to at least arrange to borrow shares before selling short Freddie Mac and Fannie Mae, the government-sponsored mortgage buyers. The order covers brokerages with access to the Federal Reserve’s discount window, which was opened to investment banks after the March collapse of Bear Stearns.

Market makers have an exception under the SEC order that permits them to sell short to maintain liquidity. Investors, such as hedge funds, previously could start trades without an agreement to acquire shares.

Short sales, particularly among retail investors, plummeted after the SEC announced the ban, according to data from S3 Matching Technologies, which processes trades for three of the top five retail brokerages. The sales fell 78 percent on average among the companies named in the order, compared with trades on July 14, the day before the SEC announced the measure, S3 data shows. The company handles about 15 billion transactions daily.

`Pretty Restrictive’

“I see no reason that will turn around,” said Standerfer in an interview yesterday. “It seems like a pretty restrictive rule to put in place for the entire market.’

Cox last week told Congress the agency may also force investors to disclose “substantial” bets on falling stocks and or reinstate a version of the so-called uptick rule, which barred short sales of stocks when prices are falling.

The uptick rule, implemented after the Great Depression and scrapped last year, allowed short sales only if a preceding trade boosted the stock price. The SEC is studying whether increasing the uptick increment, such as to a nickel or dime, might be more effective, he said.

*****

g) August 2, 2008 - The Salt Lake Tribune: “Naked shorting’s early critic starts to see some vindication: Byrne’s Battle Helps Bring Curbs on Naked Short-Selling Practices“. By Steven Oberbeck

Over the past several years, Patrick Byrne’s campaign to clean up Wall Street and end a practice that has destroyed companies and cost unwary investors billions of dollars generated plenty of publicity for him, mostly the wrong kind. Critics labeled him nuts, a conspiracy theorist, a complete wack job. Byrne, the chief executive of the Utah-based discount online retailer Overstock.com, even found himself tagged a member of the “tin-foil hat” brigade, a reference to the flying saucer fanatics of the 1950s who adorned their heads with aluminium to ward off, or enhance, thoughts from aliens in outer space. These days, when people talk of Byrne, the word ‘vindication’ comes up a lot. ‘You can always tell who the pioneers are — they’re the ones with all the arrows sticking out of their backs,’ said James Angel, a finance professor at Georgetown University. ‘You really can’t understate what Byrne has accomplished.’

*****

h) August 13, 2008 USA Today: “Financial stocks suffer after protection ends” By Matt Krant

The SEC’s emergency curb on short selling of 19 major financial services firms stocks expired before Wednesday trading, leaving investors to wonder if the measure helped protect the strained system.

Since July 21, the SEC rule banned “naked” short sales on those 19 stocks. Short sellers hope to profit by selling borrowed shares and replacing them at lower prices. In naked short sales, traders don’t actually borrow the shares; that can intensify the downward pressure on a stock.

The rule’s expiration appeared to have some effect Wednesday as financial stocks suffered sizable losses. That could mean short sellers have been at least partly behind big drops in shares of some financial companies.

“There has to be some sort of correlation between the moratorium ending and these stocks being down,” says Eric Fitzwater, analyst at research firm SNL Financial.

Perhaps more telling: The day the Securities and Exchange Commission announced the rule, July 15, was the day financial stocks bottomed for 2008. “If (the SEC) wanted to protect these companies artificially, it served its purpose,” Fitzwater says.

*****
i) August 17, 2008 The Economist: “Searching for the naked truth“

The real problem with abusive short-selling

“It is impossible to know how big this problem is, but regulators accept it exists. The American Stock Exchange fined two market-makers for precisely this violation in July 2007. A month later the SEC proposed limiting or eliminating the exemption, but momentum stalled in the face of opposition from banks and exchanges. The anti-short lobby, emboldened by the July ban, is again pushing for an end to the market-makers’ exemption. …. How much does all this matter? Deliberate naked shorting has no place in a well-run market…”

*****

j) September 16, 2008 Associated Press: “Naked short-selling blamed in Wall St crisis“

WASHINGTON - With Wall Street engulfed in crisis, the Securities and Exchange Commission is planning measures to rein in aggressive forms of short-selling that were blamed in part for the demise of Lehman Brothers and which some fear could be turned against other vulnerable companies. During emergency meetings between federal officials and investment bank executives over the weekend, SEC Chairman Christopher Cox indicated to the bankers that the agency plans in a few days to impose new permanent protections against abusive ‘naked’ short-selling, a person familiar with the matter said Monday….

*****

k) September 21, 2008 Associated Press: “Dutch ban ‘naked’ short selling for 3 months“

The Dutch Finance Minister is banning “naked” short selling of financial stocks for the next three months to increase the stability of financial markets….

*****

l) October 28, 2008 Wall Street Journal: “Japan Cracks Down on Naked Short Selling” By Takashi Nakamichi and Ayai Tomisawa

TOKYO — Japan moved Tuesday imposed new restrictions on so-called “naked” short selling of stocks, stepping up its efforts to arrest the tumble in domestic share prices.

The Tokyo Stock Exchange has asked member brokers to stop accepting naked short-sell orders, TSE President Atsushi Saito told a news conference.

The TSE’s move followed comments from Finance Minister Shoichi Nakagawa, who said that regulations on naked short selling would be tightened. Mr. Nakagawa didn’t say that the practice would be banned, but the TSE’s move and local media’s interpretation of his comments suggested that the new strictures, to be enforced from today, will be a ban in all but name.

Short-sellers typically borrow stocks and then sell them on, profiting from the fall in price when they buy back the securities. Naked shorting removes the need to first borrow the stock, which means that larger volumes of shares can be dumped on the market. Short-selling generally has drawn fire from regulators across the world, who say it has contributed to the sharp market declines of recent months.

The Japanese government had planned to ban naked short selling from Nov. 4, but the recent plunge in local share prices has caused the new rule to be introduced a week ahead of schedule. The Nikkei 225 Stock Average closed at a 26-year low on Monday, as investor sentiment was battered by the global financial crisis, the rising yen and concerns about an international economic slowdown.

Traders said the naked short-selling ban was one reason for a big recovery in Japanese shares Tuesday.

The ban “was one of the positive factors behind the Nikkei’s gains (in the afternoon), but I don’t think it’s the main catalyst,” said Yukio Takahashi, market analyst at Shinko Securities. The Nikkei ended 6.4% higher Tuesday, erasing most of Monday’s sharp slide, due mainly to the yen’s weakening and firmness in major Asian stock markets, traders said. (See related article.)

The naked shorting ban comes as the government mulls a series of measures to improve confidence in Japan’s financial sector. Among other steps, the government wants to raise the cap on possible injections of taxpayers’ money into domestic banks from ¥2 trillion ($21.37 billion), ease fair-value accounting rules, loosen capital adequacy requirements for banks and enlarge tax breaks for stock investors.

At Tuesday’s news conference, Mr. Nakagawa highlighted the urgency of the task at hand. “I’ve discussed with Prime Minister [Taro Aso] the fact that the coming few days will be very important and that we must take steps immediately,” he said. “Our assessment is that the coming several days will be very important — and therefore dangerous — for the Japanese stock markets.”

Mr. Nakagawa also said the government will immediately open investigations into possible illegal practices linked with naked short selling. The Financial Services Agency, the Securities and Exchange Surveillance Commission and the TSE will work together in looking into past records on such sales practices, he said. “If we find out any violation of the law,” Mr. Nakagawa said, “we will retroactively deal with it strictly.”

*****

m) November 14, 2008 “Australia bans naked short-selling“

CANBERRA: Australia moved to slap a permanent ban on the most controversial form of short-selling yesterday amid an historic fall in share prices, part of a crackdown that is also targeting hedge funds and credit rating agencies.

*****

n) November 20, 2008 - CNBC: Interview with Former SEC Chairman Harvey Pitt:

Interviewer: Let’s talk shorts. Harvey Pitt is former SEC chairman and founder and CEO of Kalorama Partners. Harvey, great to have you with us….Chairman Pitt, do we need to bring back the Uptick Rule? Would that make a difference here at all?

Harvey Pitt: I don’t believe so. The Uptick Rule was almost non-existence in terms of its detrimental affects. There’s a very simple solution and the SEC has it and they know what is. It’s very simply this. If you want to sell a stock short you have to have a legally and forcible right to produce that stock on settlement day. That’s all it takes. If the SEC does that people will not be able to sell short unless they have actually first located and gotten their stock.

Interviewer2: In other words that would do away with naked shorting right?

Harvey Pitt: Absolutely, and naked shorting is what’s causing a lot of the problems in the market.

Interviewer2: Because nobody is forced to deliver. Nobody must deliver. Too much of that going on.

Harvey Pitt: That’s been the real problem. People in affect are just gambling. They’re assuming the stock price will go down. They then spread false rumors to help the stock go down, but they have no skin in the game because they haven’t committed to produce the shares that they purportedly are selling.

*****

o) November 21, 2008 - The Financial Times: “Regulators to discuss short selling rules” By Joanna Chung in New York

Global securities regulators will gather on Monday to discuss rules on short selling and disclosure of credit derivatives, the head of the US Securities and Exchange Commission said on Thursday.

Christopher Cox, SEC chairman, said the meeting, to be held via teleconference, would address “urgent regulatory issues in the ongoing credit crisis.”

The announcement came during yet another tumultuous day of trading in global stock markets.

“In addressing turbulent market conditions, it is essential not only that regulators act against securities law violations, including abusive short selling, but also that there be close coordination among international markets to avoid regulatory gaps and unintended consequences,” Mr Cox said in a statement on Thursday.

The International Organization of Securities Commissions, which includes securities regulators from around the globe, will consider the effectiveness of their recent actions to reduce abusive short selling, without hurting legitimate shorting…

Mr Cox said regulators will explore “possible coordination” on rules relating to naked short sales – when shares are sold without being borrowed first– in particular with regard to position reporting and delivery and pre-borrowing requirements.

*****

p) November 24, 2008 Reuters “Global regulators focus on abusive short selling”

WASHINGTON, Nov 24 (Reuters) - Global securities regulators launched three task forces to study abusive short selling, unregulated financial products and unregulated financial entities such as hedge funds, the U.S. Securities and Exchange Commission said on Monday.

“The working groups were established amid volatile market conditions and designed to support work of the world’s 20 largest economies, which have already agreed to step up oversight of the troubled financial system. “One group will focus on aligning global regulators’ approach to naked short selling, the SEC said.””

*****

q) December 1, 2008 - EuroMoney: “US equity market – Fails to deliver: The naked truth“

Fails to deliver in the US equity market have exacerbated the sharp declines in share prices of financials.

IT IS NO surprise that the stock of Bear Stearns was heavily shorted in the run-up to its government-supported rescue in March, given its high leverage, poor risk management and the fact that its sub-prime bets had gone awry. Short-selling of any financial company would have been understandable by March this year. But just why on March 12, two days before the rescue announcement, almost 1.25 million Bear Stearns shares were shorted is a question that is a little harder to answer.

Up to that point in 2008, cumulative fails to deliver of Bear Stearns’ stock were only between 10,000 and 200,000 on any given day. On March 14, more than 2 million Bear Stearns shares went undelivered, and from then until the end of March, failures increased, peaking one day at more than 13.78 million shares. At the same time, from March 12 to the announcement on Friday March 14, Bear Stearns’ share price crashed from $61.68 to $30, dropping to $4.81 the following Monday.

That the precipitous drop in Bear Stearns’ share price coincided with fails to deliver has forced the market to properly address a long-standing question: are fails to deliver responsible for rapid share price deterioration? Had those failures been averted through better regulation would Bear Stearns have had a slower downfall, or even avoided outright collapse? And what of Lehman Brothers, Fannie Mae and Freddie Mac? Indeed, would all financial companies have enjoyed more resilient share prices, instead of seeing sudden, sharp price declines that were the final nudge to creditors and counterparties abandoning firms and driving them into bankruptcy?

The SEC has since attempted to bring a halt to naked short-selling, which gives rise to fails to deliver, but are its efforts sufficient?

Formal investigations are taking place to look into abusive short-selling of the stocks of both Bear Stearns and Lehman Brothers.

Robert Shapiro, former economic adviser to Bill Clinton, chairman of Sonecon and an adviser to the presidential transition team of Barack Obama, believes there is sufficient evidence that naked shorting accelerated the collapse of Bear Stearns. He says: “Bear Stearns failed because it went bankrupt. However, the pace of the collapse of the stock price was clearly accelerated by the enormous naked short-sale activity. There perhaps could have been a more orderly bankruptcy which would have preserved more of the assets.”

John Welborn, an economist with investment firm the Haverford Group, agrees. “Fails to deliver added to the downfall of Lehman Brothers and Bear Stearns but were not, obviously, the whole story. Fails in Lehman Brothers were never significant enough to drastically alter the tradable float. In Bear Stearns, however, a torrent of fails began on March 12, before the public knew most of the bad news. The important thing to note here is that T+3 settlement essentially allows people to sell an infinite amount of any stock either to precipitate a bear raid or to capitalize on one already in progress.”

Welborn continues: “A bear raid encourages panic selling by long holders. Once enough long holders are induced to sell, then there are plenty of shares available to cover any naked positions ex post. When the long holders have sold their positions and the naked short sellers have covered at a lower price, then the issuer faces a dramatically depressed market. That may make it difficult (or impossible) to recapitalize, especially if that issuer is in the financial sector.”

Naked short-selling can be a confusing topic. A short-seller can only sell short if it can locate a source from which to borrow that security and therefore ensure delivery to the buyer – within the T+3 requirement. In most circumstances it is up to the prime broker to confirm whether it is possible to locate the stock and agree the transaction. If it is not possible to locate a stock, which can happen when certain stocks become illiquid, the trade is not allowed to take place. Market makers are an exception to this rule, and are able to lend stock without having located a source from which to borrow, in order to keep the markets liquid. This type of “naked shorting” is legal. If the source of stock is not a market maker, selling of a stock without having located a stock to deliver is illegal. Illegal, however, means very little when no enforcement penalties are in place.

Up until the end of this summer – not till September did the SEC enforce a crackdown – shorting without locating a source from which to borrow has suffered no penalty in the US, and brokers’ statements about efforts to locate them might be rather vague. “A broker can say he has located a stock, but that’s it,” says a hedge fund manager. “What if five other brokers are looking at that same stock and telling their clients they have located it. Who will get it?”

And if there is no penalty for failing to locate and failing to deliver, then why not just fail to deliver? In equity markets if a short-seller does not deliver, he can simply wait until the stock price deteriorates sufficiently so that he will never have to deliver, and therefore is able to keep the money from his sale. Do short sellers, be they hedge funds or proprietary trading desks, do this often? No. But can they do it? Yes. And were some doing this during the peak of the financial crisis? Absolutely.

One former employee of regulator NASD says he knows of a hedge fund that was shorting Freddie Mac and Fannie Mae on a “massive scale”, with no intention of ever locating stock. “His prime broker let the trade go through regardless as he was a large client of theirs,” he says.

Illegal naked shorting, at its worst, can be implemented to bring a company down. In the present crisis of confidence among financial institutions, it can also simply be a means of jumping on a losing target. If a financial institution’s stock looked as if it was falling, why not short-sell without promising a buy-in within three days and hope that the fall is sufficiently large beyond three days to make an even bigger profit?

A glance at the fails to deliver in the financials market indicates that some investors applied this strategy. A comparison of the average daily reported shares failing to deliver between the first quarter of 2007 and the first quarter of 2008 for the US’s top financial firms showed a clear increase over the period. The data, compiled by Washington publication IA Watch, showed a 335% increase for Freddie Mac, a 226% increase for Citigroup, a 133% increase for Goldman Sachs, a 632% increase for Morgan Stanley and a 1,123% increase for Bear Stearns. One source even suggests that some market participants never intended to buy-in and simply marked their tickets “long” selling shares that they did not even own as they knew they would never have to make delivery.

Fails to deliver: Unheard voices
Fails to deliver in the US stock markets are not a new phenomenon. In response to an increasing number of fails, the SEC introduced Regulation SHO in January 2004. This required that a daily list be compiled of all securities that had more than 10,000 fails to deliver, or more than 0.5% of issued shares failing to deliver for five consecutive days or more. No penalty was introduced to deter fails but it was believed that publication of the list would act as a deterrent. The majority of the stocks on the list were those of small firms on the Pink Sheets or Bulletin Boards and many were regarded as companies with weak business models that were likely to see fails to deliver, as levels of shorting in the stock would be high.

For years, small companies affected, and larger companies such as Overstock.com (which has market capitalization of $500 million) have appealed to the SEC to prevent fails to deliver, claiming that their stock prices have suffered as a result of the practice. In April 2004, in a series of articles, Euromoney warned about the implications for larger household names if fails to deliver were not properly addressed. Shapiro agrees that larger companies are now being targeted. He says: “Ordinarily this doesn’t happen to large institutions with large stock floats but in a panic situation they become vulnerable along with those companies that are always vulnerable – smaller companies that are without large public floats. In a time of panic, mechanisms that allow the markets to overshoot (naked shorts) mean you can drive a stock into the ground.”

Patrick Byrne, chief executive of Overstock.com, continues to lobby against fails but insists it is not a matter of self-interest. “The argument gets reduced to me being upset that stock in my firm might be being shorted. That was never the argument. Shorting has its place, I know. This has always been about why the government is ignoring the loopholes within the settlement system that are allowing for fails to deliver to occur.”

He is certain, as are several other long-standing lobbyists, that the recorded number of fails to deliver is only a fraction of the true amount. “If two broker/dealers clear through the DTCC, and one fails, then the two brokers can turn that failure into a private contract to be dealt with outside the DTCC and it becomes ‘ex-clearing’. After that there is no register of that fail,” says Byrne. If failures are as frequent as suggested, the idea of broker/dealers preferring to cancel out each other’s fails on a private basis is not beyond the realms of possibility.

Wes Christian is partner in a law firm representing 15 companies that allege that their stock price has been driven down by illegal naked shorting and fails to deliver. “We are aware of these deals being ex-cleared and of the failings of Reg SHO. Allowing failures to deliver creates artificial supply and that drives down prices,” he says. The defendants in Christian’s clients’ cases are the majority of broker/dealers on Wall Street.

Fails to deliver in the equity markets are seen to create artificial supply. If a stock can be sold without having to be borrowed, there is a strong possibility that stocks in excess of those issued are being sold. Indeed, several companies, Overstock.com included, have reported instances of more owners of stock than is possible. On March 14 128% of Bear Stearns stock outstanding was traded. These “phantom shares” can be on-lent without delivery again and again, further diluting the stock.

It’s a situation specific to the US markets, say participants. Patrick Georg at Clearstream Luxembourg says there has been no decline in settlement efficiency in Europe. Alan Cameron, head of clearing, settlement and custody client solutions at BNP Paribas Securities Services in London, says he has seen little to indicate similar instances of fails to deliver in Europe. “Some European countries like Spain impose strict fines on failures to deliver, as does Crest. It’s not an issue here in Europe.” Byrne adds that in Europe, the impact on reputation of failing to deliver is a deterrent. A head of a prime brokerage in the UK agrees: “It just does not happen in Europe. Securities get delivered in a timely fashion or business is lost.”

However, settlement is faster in Europe than in the US. It is surprising that the US still operates a T+3 system. Robert Greifeld, chef executive of Nasdaq, questioned the system in March this year at a conference when, in reference to fails to deliver, he said it was hard to believe that in 2008 the market still required three days to settle, and that a T+1 system should be part of a discussion about fails.

The SEC has pussyfooted around enforcing delivery in the US equity market over the past 10 years or so, but the collapse of financials stocks has pushed it to be stricter. On September 17, SEC chairman Christopher Cox announced several actions to “make it crystal clear that the SEC has zero tolerance for abusive naked short-selling.” From that date, fails to deliver beyond T+3 have been subject to a hard close-out. If stocks fail to deliver beyond T+3, the broker/dealers acting on the short-seller’s behalf are prohibited from further short sales in that security unless stocks are pre-borrowed.

This change of tack upsets those such as Byrne who have been fighting to have their voices heard for years. “When companies that had access to the Fed window became victims of fails to deliver, the SEC then had to sit up and take notice,” says Byrne.

Actions taken against naked shorting: Small steps

Since August, the number of companies with stock on the Reg SHO list has fallen from an all-time high of 650 to an all-time low of 90, although this does not take into account ex-clearing data. Shapiro says it is a step in the right direction. “The actions taken are an acknowledgement of the issues regarding naked shorting and fails to deliver at least. Progress is under way. Given there are many issues facing the SEC at the moment, this is encouraging.”

Others, however, are disappointed that more has not been done. Byrne says: “A hard close-out is not nearly enough. To truly stop failures to deliver, the SEC must enforce a pre-borrow where parties have to guarantee that a locate has been found through a contract.” At present, broker/dealers and short-sellers can say they have located a source of stock when several other parties might have also identified the same source. Peter Chepucavage of the International Association of Small Broker/Dealers and Advisers agrees that an initial pre-borrow rule is crucial in preventing fails to deliver. “The industry is resisting an initial pre-borrow rule but it is essential,” he says. “Without it the stock market is like the airline industry. You’re overselling the airplane seats knowing that someone will not be able to board even though they reserved/located, to avoid decrementing their inventory.”

The argument against pre-borrows is that liquidity will dry up, and that shorting will be deterred. However, Greg DePetris at Quadriserv believes the opposite would occur as lending would increase. “A more efficient settlement process should result from recent regulatory changes, and these tighter inventory controls might create new trading opportunities,” he says. “It’s important for anyone in possession of lendable supply to monetize its value, and traditionally that’s been done through the lending spread and reinvestment of cash. The notion of pre-borrows implies that there may be derivative value in the latent supply of securities, which lenders may be able to realize for their clients.”

Welborn says the SEC knows it has to introduce the pre-borrow rule if it wants to eliminate fails to deliver for good. “As long as there are companies on the Reg SHO list, then the problem has not been solved,” he says. “The only sustainable solution to naked short-selling is a rule requiring both a pre-borrow and a hard delivery. With only one of these pieces in place, the system is still open to abuse. For example, a hard-delivery requirement by itself would not have made an iota of difference for Bear Stearns; only a pre-borrow could have put a brake on the naked short-selling.”

Welborn points out that the SEC did precisely this in July when it ordered emergency pre-borrows for Fannie Mae, Freddie Mac and the 17 primary dealers. “The SEC knows what must be done to fix this problem once and for all,” he says.

*****

r) December 9 - Reuters: “SEC urged to do more to curb naked short selling” By Rachelle Younglai

WASHINGTON, Dec 9 (Reuters) - U.S. securities regulators need to do more to crack down on abusive naked short selling — a type of trading blamed for contributing to the free-fall in financial stocks — former and current regulators said on Tuesday. Amid volatile market conditions, the Securities and Exchange Commission adopted a number of rules to rein in those who profit illegally from stock declines. Making bearish bets on stocks is a legitimate investment strategy but the SEC’s rules are designed to weed out abusive practices, such as investors’ failure to deliver stock by settlement date. Short sellers arrange to borrow shares they consider overvalued in hopes of repaying the loan for less and profiting from the difference. A naked short sale occurs when an investor sells stock that has not yet been borrowed, which can distort markets.

Former SEC Chairman Harvey Pitt praised the SEC for taking constructive steps but said the agency has not done enough.

“Naked shorting is a situation in which someone is gambling but they have no skin in the game. They are not required to make any effort to deliver the shares,” said Pitt, one of the panelists speaking at a “Coalition Against Market Manipulation” event in Washington.

The SEC tightened up its rules this year and required short sellers to deliver securities three trading days after shorting the stock.

Rex Staples, general counsel for an association of state securities administrators, said the states are trying to eliminate the problem, but said “this seems to be a solution that the commission is best-equipped to solve.”

“States are ready to act, but we are throwing our support behind the federal regulator at this point,” said Staples, general counsel for the North American Securities Administrators Association.

Pitt and other panelists said the SEC needed to do more to eliminate ambiguity in its rules.

For example, investors are required to locate shares before shorting them. However, SEC rules require broker dealers to have “reasonable grounds” to believe that the security can be borrowed so that it can be delivered by settlement date. Critics say the language is vague.

“If you want to sell short any security, you should have a legally enforceable right to deliver stock on day of settlement. It’s unambiguous, it doesn’t leave any wiggle room,” said Pitt.

*****

s) December 9, 2008 - Wall Street Journal: “SEC Urged To Step Up Attack On Short-Sale Abuses” By Judith Burns

WASHINGTON — U.S. securities regulators need to do more to curb short-selling abuses, a group of academics, business executives and former top regulators said Tuesday.

The Securities and Exchange Commission should close loopholes and enforce current rules against “naked” short selling, said Harvey Pitt, former SEC chairman and now chief executive of Kalorama Partners, a Washington, D.C., consulting firm.

“The agency has to make it clear that naked short selling in any form is prohibited,” Mr. Pitt said at a midday press conference.

Short sellers aim to profit by borrowing shares for sale and replacing them later at a lower price. “Naked” short sellers don’t borrow shares they sell short, which can pummel stocks and facilitate market manipulation.

The SEC has sought to crack down on short-selling abuses in recent years, most recently with an interim rule requiring short sellers to deliver borrowed shares within three days of trade settlement. Mr. Pitt and others urged the SEC to make the requirement permanent and take other steps to stiffen pre-borrowing requirements, provide better tracking of stock-delivery failures, including those outside stock-clearing systems, and force buy-ins when delivery failures occur.

*****

t) December 9, 2008 - MarketWatch: “Obama adviser: Short selling must be disclosed” By Ronald D. Oral

Ambiguous rules limiting naked short selling must be clarified, attorneys say

WASHINGTON (MarketWatch) — A top adviser to President-elect Barack Obama on securities regulation on Tuesday said he wants the Securities and Exchange Commission to require public disclosure of short selling.

“We’re looking for disclosure of positions, with a small delay, after a short sale is made,” said Roel Campos, a former Democratic SEC commissioner and member of Obama’s transition team.

After the precipitous drop in stocks of major investment and some commercial banks including Citigroup Inc. in September, the agency implemented a series of short sell rules, many of which were temporary in nature. Among these, the SEC temporarily banned short sales in roughly 800 financial institutions. That ban expired on October 8.

Regulators and others argued that many short sellers — who make bets that a stock price will decline — contributed heavily to the financial crisis and the collapse of many financial institutions.

The next agency chairman is expected to grapple with whether the agency is doing enough to chill manipulative short selling of shares, particularly when it comes to financial institutions.

Campos is seeking to have the next SEC chairman introduce new rules requiring short sellers to publicly disclose their positions in a manner that is similar to how equity investors are required to reveal their equity stakes.

For example, to comply with the SEC’s 13F rule, investors with $100 million in capital or more are required to publicly disclose their positions 45 days after every calendar quarter. Equity investors with 5% or greater stakes are also required to disclose that information to the agency in either an activist Schedule 13D or passive Schedule 13G filing.

But Campos argues that four-times-a-year public disclosure of short sell positions isn’t enough. He wants to see a requirement that hedge funds and other short sellers disclose their positions publicly more quickly after stakes are made, perhaps as fast as two weeks after each position is taken.

Among the temporary regulations put into place in the fall is a requirement for confidential weekly disclosure of short positions to the agency.

According to the rule, investors with $100 million or more in capital must disclose on a weekly basis to the agency their short positions. However, these investors only must provide that position information to the agency on a confidential basis. The expiration date for the provision was extended in October to Aug. 1 of 2009.

Short seller critics argue that public disclosure will mean their proprietary strategies will be disclosed, enabling rivals to copy their approach. Campos said the delay in public disclosure is intended to protect some proprietary strategies, but that there should be some parity with equity disclosure requirements.

Other ways to rein in short selling

In addition to disclosure, securities attorneys and academics discussed other mechanisms that the SEC could impose that could reign in short selling at an event hosted by the Coalition Against Market Manipulation in Washington.

Participants argued that the agency needs stronger rules limiting illegal naked short selling, the practice of selling shares without arranging to borrow the securities up-front.

The SEC in September adopted rules requiring short sellers and their broker dealers to deliver securities within three days of a trade. Participating investors who fail to arrange to borrow shares in advance are prohibited from making future short sales in the same securities.

But securities attorneys at the event argued that there are too many qualifiers on the naked short selling rule.

Rex Staples, general counsel for the North American Securities Administrator’s Association Inc., said there is a “reasonable” qualification on the delivery requirement. “To the extent you can qualify a word like reasonable, you are going to get that time after time,” said Rex Staples, general counsel for the North American Securities Administrator’s Association Inc.

Former SEC chairman Harvey Pitt, who participated in the discussion agreed that the SEC should eliminate ambiguity when it comes to the agency’s naked short selling provision. The agency should also take steps to enforce the rules.

“The agency must make it extremely clear that any naked short selling is illegal and it has to remove the ambiguities so the rules are very clear,” Pitt said.

Participants also debated bringing back the so-called up-tick rule, a regulation removed last year that allowed short sales only if a preceding trade boosted a company’s stock price.

Georgetown Finance professor James Angel said he wants to see an up-tick rule that would take effect when a stock has fallen 5%. He also sought additional prohibitions when a stock price falls 10% and 15%. Staples argued that the SEC should bring back the same up-tick rule it eliminated in 2007. “It is very helpful in times of financial turmoil,” Staples said.

*****

u) March 19, 2009 (Bloomberg): Naked Short Sales Hint Fraud in Bringing Down Lehman” By Gary Matsumoto

The biggest bankruptcy in history might have been avoided if Wall Street had been prevented from practicing one of its darkest arts.

As Lehman Brothers Holdings Inc. struggled to survive last year, as many as 32.8 million shares in the company were sold and not delivered to buyers on time as of Sept. 11, according to data compiled by the Securities and Exchange Commission and Bloomberg. That was a more than 57-fold increase over the prior year’s peak of 567,518 failed trades on July 30.

The SEC has linked such so-called fails-to-deliver to naked short selling, a strategy that can be used to manipulate markets. A fail-to-deliver is a trade that doesn’t settle within three days.

“We had another word for this in Brooklyn,” said Harvey Pitt, a former SEC chairman. “The word was ‘fraud.’”

*****

In addition to these articles, please note that naked short selling has been implicated in the hobbling of the US financial system by The American Bankers’ Association (1 2), the US Chamber of Commerce (1 2 3 ), the CEOs of Goldman Sachs, Morgan Stanley, JP Morgan, and Lehman, politicians John McCain, Hillary Clinton, Barack Obama, Ron Paul and numerous other congressional representatives, the Chairman of the SEC, the Secretary of the Treasury, and so on and so forth.

*****

STEP #3 OF 3: THE CURRENT WIKIPEDIA PAGE ON NAKED SHORT SELLING OMITS EVERYTHING YOU JUST READ, AND YOU ARE FORBIDDEN FROM FIXING IT

At “the encyclopedia that anyone can edit” it is as forbidden to add information such as that contained in the preceding articles as it would be to sell Adam Smith’s works on the streets of Pyongyang. Instead, right at this second, the Wikipedia page on Naked Short Selling sticks to a thoroughly-discredited two-year out-of-date Party Line that holds that experts think naked short selling is not a problem (or even exists) and the mass media agrees with the experts. Much of the page is written in gibberish apparently intended to make it more difficult for a lay person to confront (which is unusual for Wikipedia). And unique among the millions of Wikipedia articles, it cannot be fixed or updated to reflect any of the information cited exhaustively above.

That’s right. Notwithstanding thousands of articles such as the ones cited above, the current Wikipedia article on naked short selling insists that experts believe that it is not a problem. No mention is made of hearings, statements by economists and SEC Chairmen, emergency federal actions and emergency meetings of regulators from the G-20 to stop the world financial system from implding, etc.

Instead, the tone is set by this quote:

“While concern expressed by the regulator has been echoed by journalists, some commentators contend that naked short selling is not harmful and that its prevalence has been exaggerated by corporate officials seeking to blame external forces for their own shortcomings. Others have discussed naked short selling as a confusing or bizarre form of trading.”

That is, in a 54-word statement about a “concern”, precisely 11 words vaguely describe the existence of the “concern” and 43 say that there is no concern. This, though space is allocated to describe results from two off-topic studies from 2007 (one on failures in the IPO market, the other on the Canadian market):

A study of trading in initial public offerings by two SEC staff economists, published in April 2007, found that excessive numbers of fails to deliver were not correlated with naked short selling. The authors of the study said that while the findings in the paper specifically concern IPO trading, “The results presented in this paper also inform a public debate surrounding the role of short selling and fails to deliver in price formation.”

An April 2007 study conducted for Canadian market regulators by Market Regulation Services Inc. found that fails to deliver securities were not a significant problem on the Canadian market, that “less than 6% of fails resulting from the sale of a security involved short sales” and that “fails involving short sales are projected to account for only 0.07% of total short sales.”

Again, notwithstanding the thousands of articles such as the ones I cited above, the current Wikipedia page maintains that the mass media agrees that naked short selling is not a problem:

Reviewing the SEC’s July 2008 emergency order, Barron’s said in an editorial: “Rather than fixing any of the real problems with the agency and its mission, Cox and his fellow commissioners waved a newspaper and swatted the imaginary fly of naked short-selling. It made a big noise, but there’s no dead bug.” Holman Jenkins of the Wall Street Journal said the order was “an exercise in symbolic confidence-building” and that naked shorting involved echnical concerns except for subscribers to a “devil theory”. The Economist said the SEC had “picked the wrong target”, mentioning a study by Arturo Bris of the Swiss International Institute for Management Development who found that trading in the 19 financial stocks became less efficient. The Washington Post expressed approval of the SEC’s decision to address a “frenetic shadow world of postponed promises, borrowed time, obscured paperwork and nail-biting price-watching, usually compressed into a few high-tension days swirling around the decline of a company.” The Los Angeles Times called the practice of naked short selling “hard to defend,” and stated that it was past time the SEC became active in addressing market manipulation.

The Wall Street Journal said in an editorial in July 2008 that “the Beltway is shooting the messenger by questioning the price-setting mechanisms for barrels of oil and shares of stock.” But it said the emergency order to bar naked short selling “won’t do much harm,” and said “Critics might say it’s a solution to a nonproblem, but the SEC doesn’t claim to be solving a problem. The Commission’s move is intended to prevent even the possibility that an unscrupulous short seller could drive down the shares of a financial firm with a flood of sell orders that aren’t backed by an actual ability to deliver the shares to buyers.”

The Wikipedia page engages in such pettifoggery as: “However, the SEC has disclaimed the existence of counterfeit shares and stated that naked short selling would not increase a company’s outstanding shares” (true only in the narrow technical sense that the SEC does not consider that which is increased by naked short selling to be “outstanding shares”: by the same token, the National Transportation Safety Board could claim that there are no plane crashes because the NTSB considers anything which crashes to no longer be a plane).

And so on and so forth. You will find such gibberish on the naked short selling article on Wikipedia, but what you will not find is any of the information presented in the articles cited in Step #2. It is forbidden to enter that information into Wikipedia.

*****

THE TEST: ARE YOU FORBIDDEN FROM UPDATING WIKIPEDIA WITH THIS INFORMATION?

I know that to many this can be a maddeningly complicated issue, and it may not be easy to know who or what to believe. So I propose that you, the reader, conduct an easy, simple test, using the articles cited above. You can do it in about 2 minutes:

Log on to Wikipedia (if you do not have an account you can create one in seconds);
Go to the article on Naked Short Selling;
Attempt to edit it with any information regarding events, data, or quotes from any of the articles cited above.
You will find that it is forbidden for you to add any information, data, or quotes from those numerous articles, or to correct any of the glaring omissions and laughable spin of the current article. If you try, your additions will be removed nearly instantaneously. In fact, you may find yourself banned from Wikipedia while all proof that you even made an edit disappears.

On “The encyclopedia that anyone can edit”, a resource that updates in seconds at the passing of a celebrity or the gaffe of a politician, you will find that you cannot insert quotes on this one topic, even when those quotes come from SEC Chairmen, economists, presidential candidates, Congressmen and Senators, G-20 regulators, and Wall Street leaders, even when those quotes appeared months or years ago in The Economist, Reuters, DowJones, Associated Press, or Bloomberg.

Two million English-language articles work by one set of rules, but this article on a grave financial crime turns out to run on a secret set of rules.

And that, dear reader, is the stutter-stepping black cat that should wake you to the synthetic reality you inhabit.

Postscript: If you want to know how this is being done, watch Judd’s magisterial “Lecture on abuse of social media by stock manipulators“. And if you want the back-story on that, read TheRegister’s article, “Emails show journalist rigged Wikipedia’s naked shorts - Overstock’s Byrne vindicated amidst economic meltdown” by Cade Metz.

Peter Presland
04-02-2009, 12:39 PM
I've been aware of the Wikidpedia manipulation issue for a while now. Can't point you in the direction of supporting articles without a bit of digging but there are plenty of them out there. If memory serves, they concerned inter-alia the systematic toning down or outright attempts to censor a particular point of view through aggressive editing and the disputes/voting mechanism. Two issues I recall were articles on the history of Zionism and the US anthrax attacks. IP addresses indisputably linked to the CIA and AIPAC fronts were involved and systematically logged by the articles' authors.

Neither does it surprise me that there should also be issues close to the hearts (or pockets? - or blackmail susceptibilities?) of the site's owners/operators where a more centralised and perhaps subtle form of 'reality manipulation' occurs; nor that one such issue should be so close to the centre of the Banksters scams.

On the issue of naked short selling per se: It has always been 'against the rules' but the sanctions for transgression have been and remain so paltry as to be laughable and therefore no barrier at all. The remedy really IS simple - 'failure to deliver' should be treated as a default in exactly the same manner as a monetary loan or other default, with sanctions that effectively bar the transgressor from continued market activity until ALL aggrieved parties have agreed settlement. At present, should a Goldman Sachs or JPM (or more likely their agents) decide they wish to aquire xyz small/medium sized listed company at a distressed price, the resources available to short its stock through the floor are trivial in comparison to the value of the publicly tradeable float at the time such a decision is made - the system invites abuse and so the abusers continue to abuse and prosper.

On 'The Matrix' - with due allowance for the US movie industry's addiction to blood-and-guts, shoot-em-up action, I have to say that it really is a masterpiece. It's what I chose as the best way to describe my own journey from credulous sheeple member who nonetheless fancied himself as a hard-nosed, realist man-of-the-world type, to 'enlightenment' - for want of a better term. As I put it on my little blog profile : (http://sabretache.blogspot.com/2007/02/new-start.html#links)



"The result was my 'Blue Pill/Red Pill' moment and the shattering of some cherished and long-held beliefs (or rather illusions as they turned out to be). As a consequence, life in polite orthodox company (ie among those living the 'consensus trance' which, by definition comprises the overwhelming majority) has become 'difficult'. My contributions to discussions on politics, philosophy and world affairs in general are likely to be considered, in varying degree, unwelcome, threatening, scary, treasonable or simply mad; which naturally enough renders me 'persona non-grata' in circles where I cannot be indulged or patronised as the token madman - which in practice means whenever such discussions arise (attempts at patronising or indulgence being hazardous to the intellectual dignity of those inclined to try so-to-speak)

It has one overriding, neurosis banishing consolation though: that of genuine, relaxed, honest, open-minded, sceptical, illusion less enquiry, free from any pressure - self-imposed or otherwise - to align with the powerful and I therefore sleep like a baby."

Peter Lemkin
05-01-2009, 05:13 AM
The Oh So Neutral Wikipedia seems to have long been infiltrated by the keepers of the flame of 'truth' as the elite would have it rendered....... More and more Wiki seems to be doing services for the Secret/Deep Government/Political Structures. Some 'Peoples' Encylopedia! :dontknow:

Activist editors at Wikipedia have changed the name of the "World Trade Center Controlled Demolition Hypothesis" page to "World Trade Center Demolition Conspiracy Theories", are removing all links to the paper "Active Thermitic Material Discovered in Dust from the 9/11 World Trade Center Catastrophe" recently published in the refereed Open Chemical Physics Journal (including from the 9/11 Truth Movement page and even Dr. Steven Jones' page), and have banned and/or restricted some users that re-add the links and question their policy.

See the discussion thread at TruthAction.org- many links to relevant pages at Wikipedia; the "Talk" page is very revealing of their bias, hypocrisy and intellectual dishonesty:

Wikipedia editors livid over new paper
http://truthaction.org/forum/viewtopic.php?t=5195&postdays=0&postorder=a...

The new paper has pulled the rug out from under the wikipedia front lines defending the official story and they have now suddenly changed the title of the demolition page from --

Controlled demolition hypothesis for the collapse of the World Trade Center

to -- :creep:

World Trade Center controlled demolition conspiracy theories

Here is their discussion. They are clearly on the defensive. They removed the link to the paper, claiming it is an "unreliable source". It's been reposted and removed again. Consider joining in . . .:fight:

Magda Hassan
08-13-2009, 02:57 AM
This will come as no surprise to most here. Well documented as usual by Joel.
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ISGP's problem with Wikipedia
One single admin able to wipe ISGP from dozens of Wiki pages
July 1, 2009
Joël
.................................................. .................................................. ....................................
You know, I think Wikipedia is a really great concept. Anyone can contribute information to articles, while a relatively small number of administrators see to it that the information remains objective and verifiable. Despite criticism that "anyone can write anything", in reality the vast majority of Wikipedia articles are well sourced and very reliable.
However, as usual, problems arise when it comes to controversial information. Many people cannot deal with this and without even thinking they just discard it. That's too bad, but not much can be done about it. What is worrying, however, is that some Wikipedia editors posses similar character traits. And occasionally, like in this case, they seem to go berserk.
An unwelcome surprise
Today I had actually planned to write a little piece to ask people who take information from this site if they can double-check what I've written before writing down anything themselves. I've noticed that persons discussing my work half of the time cannot get the facts straight. The latest example is the following addition to Etienne Davignon's biography on Wikipedia:
"Around 1996, Regina Louf (X1 witness) accused Davignon of being involved in a child abuse network. She testified having seen him abusing children in a hotel in Knokke. Her testimony was discredited based on her psychological state."
It was not Regina Louf (X1) who made the claim to have seen Davignon. It was X2 who had stated this. So when making serious entries like these, please read before you write anything down. You become very easy to discredit when making mistakes like this. I really recommend that with every sentence you write down, you go back to source and check my exact wording. You'll be amazed how often you remembered something wrong.
Anyway, soon after seeing this new addition to Davignon's biography, I noticed that the link to ISGP had been deleted. More amazing, it turned out that every reference to ISGP anywhere on Wikipedia had been deleted around the same time. At first I thought this was the result of the careless mistake in Davignon's biography. However, it turns out that this was not the cause.
The cause turns out to be a Wikipedia admin nicknamed Will Beback. On June 29, at 20:41 (GMT), Beback apparently came across ISGP while editing Wikipedia's WWF page. This person, whose apparent internet information can be found below, decided to take a look at ISGP for less than five minutes. In response he decided it was his right to delete all references on Wikipedia to ISGP without spending one more second of fact checking.
IP
69.104.219.235 Host name
adsl-69-104-219-235.dsl.irvnca.pacbell.net Location Los Angeles, California 29th June 2009 23:41:43 No referring link
www.isgp.eu/index.html (http://www.isgp.eu/index.html) 29th June 2009 23:42:52 www.isgp.eu/index.html (http://www.isgp.eu/index.html)
www.isgp.eu/about.htm (http://www.isgp.eu/about.htm) 29th June 2009 23:45:30 en.wikipedia.org/wiki/1001_Club (http://en.wikipedia.org/wiki/1001_Club)
www.isgp.eu/index.html (http://www.isgp.eu/index.html) 29th June 2009 23:49:43 en.wikipedia.org/wiki/1001_Club (http://en.wikipedia.org/wiki/1001_Club)
www.isgp.eu/organisations/1001_Club_members_list.htm (http://www.isgp.eu/organisations/1001_Club_members_list.htm) Total visit time 8 minutes and 0 seconds Beback's incompetence
For a veteran Wikipedia admin, Beback doesn't seem to be a particularly bright light. Amazingly, he left the incorrect paragraph in Davignon's bio untouched. As of this writing, it's still there. Beback only deleted the source, which, ironically, would have shown that there's a serious mistake on Wikipedia.
Another interesting point is Wikipedia's 1001 Club article, in which the apparently nefarious influence of ISGP was first neutralized. This is the paragraph Beback deleted (except for the first sentence):
"The membership of the 1001 Club largely consists of managers of banks and multinationals from around the world. Examples from past and present include Sir Eric Drake of British Petroleum, Sir Val Duncan of Rio Tinto, Harry Frederick Oppenheimer and Sidney Spiro of Anglo-American Corporation, the British and French Rothschilds, Michel David-Weill of Lazard, Laurance and David Rockefeller, Henry Ford II, Baron Hans Heinrich Thyssen-Bornemisza, Edmond Safra, Peter von Siemens, and Berthold Beitz of Krupp. Among the more remarkable members have been Salem bin Laden, Osama bin Laden's older half-brother; Mobutu Sese Seko, the dictator of Zaire; BCCI founder and president Agha Hasan Abedi; Juan Carlos I King of Spain; early Zionist operatives as Louis Bloomfield and Tibor Rosenbaum; and the controversial businessman Nelson Bunker Hunt."
Beback deleted all the names, providing us with the following explanation: "trim unsourced list that includes living people". Excuse me, unsourced!? Oh, wait, of course this list is unsourced, as several minutes earlier Beback himself had deleted the links to photocopies of the membership list in which all these names could be found! The ISGP log shows Beback has been on the page where these photocopies could be found. Unless he's a hyperactive 12-year-old, it's incomprehensible to me how he could have missed this.
As you can see at the bottom of this article, over the next hour Beback deleted all entries of ISGP on Wikipedia - from the Bohemian Grove, the Pilgrims Society, and Le Cercle to about a dozen individual biographies. As we can see from ISGP's statistics, the Wiki admin did not once bother to check any other link. He just indiscriminately deleted everything that had to do with ISGP.
Even very important and detailed criticism on the Disclosure Project was deleted (Steven Greer must be so happy), while in the Pilgrims Society article Charles Savoie was allowed to remain. This is another clear indication that Beback only paid attention to his delete button and not at all to the subject at hand, nor the quality of the sources. You wonder if this is the kind of admin Wikipedia needs...
Sometimes Wikipedia is ISGP
It's ironic that Wikipedia pages as the Pilgrims Society, the 1001 Club and Le Cercle are almost entirely based on the work of ISGP. As I've already explained in the FAQ:
"When PEHI/ISGP first wrote about the Cercle, the 1001 Club, and the Pilgrims, entries on Wikipedia about these societies did not exist. In each case they were added shortly after the PEHI/ISGP articles had been uploaded. Virtually no other information existed on these groups at the time. Wikipedia's Sun Valley/Allen & Co. entry took years before it was created. Wikipedia's JASON Group article did exist, but was far from complete. At least half of the members were taken from ISGP. Details about the Bohemian Grove camps and the visitors also came from ISGP. Although membership lists have leaked in recent years, back in 2005/2006 none were in the public domain and names were scattered all over the place. ISGP has been responsible for other information on Wikipedia, mainly relating to the Dutroux affair and snuff films. In many cases this information was removed for no good reason - sometimes after six months of continuous visits and no complaints."
Indeed, although ISGP was listed on about 30 different Wikipedia pages, it has been deleted from at least a dozen more. The JASON Group is one of them, but especially not done has been the addition of information from Beyond Dutroux or even Le Cercle to individual biographies on Wikipedia. Sometimes the information itself stuck - as the fact that Antoine Pinay was involved in setting up the Pinay Cercle - but the source of the information - ISGP - was deleted. In other cases entire paragraphs were undone and in at least one case a group of Belgian lawyers began to intimidate Wikipedia France after one of its admins expanded on the darker aspects of the life of Paul Vanden Boeynants. These legal threats were not unique, by the way, nor other forms of apparent intimation - but that's a whole other discussion.
The point being
The point here is that a single Wikipedia admin named Will Beback has decided that the world has no need for the information on ISGP, even though dozens have been responsible for adding this information and even though thousands have seen these links but never felt the need to delete them. And the most astonishing thing is that this person never even bothered to check up on any of the material presented. He left mistakes and deleted undeniable and very unique sources. If his actions are not reversed, many thousands less will come across this site over the years, as Wikipedia has considerably increased overall visits to this site both directly (links) and indirectly (Google page ranking).
Things go the way go and I guess Will Beback is just one of the many reflections of our imperfect society. It would be nice if you all could try to reverse his actions, but if not, so be it.
Will Beback's anti-ISGP rampage (GMT):
http://en.wikipedia.org/wiki/Special:Contributions/Will_Beback


22:41, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Bohemian_Grove&oldid=299400755) (hist (http://en.wikipedia.org/w/index.php?title=Bohemian_Grove&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Bohemian_Grove&diff=prev&oldid=299400755)) Bohemian Grove (http://en.wikipedia.org/wiki/Bohemian_Grove) ? (rm self-published website) (top)
22:40, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=St._Elmo_%28secret_society%29&oldid=299400678) (hist (http://en.wikipedia.org/w/index.php?title=St._Elmo_%28secret_society%29&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=St._Elmo_%28secret_society%29&diff=prev&oldid=299400678)) St. Elmo (secret society) (http://en.wikipedia.org/wiki/St._Elmo_%28secret_society%29) ? (rm self-published website) (top)
22:40, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Le_Cercle&oldid=299400621) (hist (http://en.wikipedia.org/w/index.php?title=Le_Cercle&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Le_Cercle&diff=prev&oldid=299400621)) Le Cercle (http://en.wikipedia.org/wiki/Le_Cercle) ? (rm self-published website and assertions) (top)
22:39, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Le_Cercle&oldid=299400514) (hist (http://en.wikipedia.org/w/index.php?title=Le_Cercle&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Le_Cercle&diff=prev&oldid=299400514)) Le Cercle (http://en.wikipedia.org/wiki/Le_Cercle) ? (rm material based on self-published website)
22:38, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=George_Kennedy_Young&oldid=299400296) (hist (http://en.wikipedia.org/w/index.php?title=George_Kennedy_Young&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=George_Kennedy_Young&diff=prev&oldid=299400296)) m George Kennedy Young (http://en.wikipedia.org/wiki/George_Kennedy_Young) ? (fix) (top)
22:37, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=User:Will_Beback/Weblinks&oldid=299400210) (hist (http://en.wikipedia.org/w/index.php?title=User:Will_Beback/Weblinks&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=User:Will_Beback/Weblinks&diff=prev&oldid=299400210)) User:Will Beback/Weblinks (http://en.wikipedia.org/wiki/User:Will_Beback/Weblinks) ? (+) (top)
22:37, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Allen_%26_Company_Sun_Valley_Confe rence&oldid=299400078) (hist (http://en.wikipedia.org/w/index.php?title=Allen_%26_Company_Sun_Valley_Confe rence&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Allen_%26_Company_Sun_Valley_Confe rence&diff=prev&oldid=299400078)) Allen & Company Sun Valley Conference (http://en.wikipedia.org/wiki/Allen_%26_Company_Sun_Valley_Conference) ? (? (http://en.wikipedia.org/wiki/Allen_%26_Company_Sun_Valley_Conference#External_l inks)External links: rm self-published website) (top)
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22:32, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Peter_Hain&oldid=299399484) (hist (http://en.wikipedia.org/w/index.php?title=Peter_Hain&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Peter_Hain&diff=prev&oldid=299399484)) Peter Hain (http://en.wikipedia.org/wiki/Peter_Hain) ? (? (http://en.wikipedia.org/wiki/Peter_Hain#Anti-apartheid)Anti-apartheid: rm self-published website) (top)
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22:29, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=User_talk:Chendy&oldid=299398915) (hist (http://en.wikipedia.org/w/index.php?title=User_talk:Chendy&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=User_talk:Chendy&diff=prev&oldid=299398915)) User talk:Chendy (http://en.wikipedia.org/wiki/User_talk:Chendy) ? (? (http://en.wikipedia.org/wiki/User_talk:Chendy#Reliable_sources_and_links)Reliab le sources and links: new section) (top)
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22:17, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Pilgrims_Society&oldid=299396813) (hist (http://en.wikipedia.org/w/index.php?title=Pilgrims_Society&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Pilgrims_Society&diff=prev&oldid=299396813)) Pilgrims Society (http://en.wikipedia.org/wiki/Pilgrims_Society) ? (? (http://en.wikipedia.org/wiki/Pilgrims_Society#External_links)External links: rm self-published website) (top)
22:15, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Friedrich_Hayek&oldid=299396539) (hist (http://en.wikipedia.org/w/index.php?title=Friedrich_Hayek&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Friedrich_Hayek&diff=prev&oldid=299396539)) Friedrich Hayek (http://en.wikipedia.org/wiki/Friedrich_Hayek) ? (rm self-published website) (top)
22:15, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Jon_Snow&oldid=299396451) (hist (http://en.wikipedia.org/w/index.php?title=Jon_Snow&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Jon_Snow&diff=prev&oldid=299396451)) Jon Snow (http://en.wikipedia.org/wiki/Jon_Snow) ? (? (http://en.wikipedia.org/wiki/Jon_Snow#Memorable_incidents)Memorable incidents: rm self-published website) (top)
22:13, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=James_A._Farrell_Jr.&oldid=299396145) (hist (http://en.wikipedia.org/w/index.php?title=James_A._Farrell_Jr.&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=James_A._Farrell_Jr.&diff=prev&oldid=299396145)) James A. Farrell Jr. (http://en.wikipedia.org/wiki/James_A._Farrell_Jr.) ? (rm self-published website) (top)
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22:09, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Jonathan_Aitken&oldid=299395409) (hist (http://en.wikipedia.org/w/index.php?title=Jonathan_Aitken&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Jonathan_Aitken&diff=prev&oldid=299395409)) Jonathan Aitken (http://en.wikipedia.org/wiki/Jonathan_Aitken) ? (? (http://en.wikipedia.org/wiki/Jonathan_Aitken#Libel_action)Libel action: self-published website) (top)
22:08, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Ambrose_Evans-Pritchard&oldid=299395289) (hist (http://en.wikipedia.org/w/index.php?title=Ambrose_Evans-Pritchard&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Ambrose_Evans-Pritchard&diff=prev&oldid=299395289)) Ambrose Evans-Pritchard (http://en.wikipedia.org/wiki/Ambrose_Evans-Pritchard) ? (rm material sourced to self-published website) (top)
22:07, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Le_Cercle&oldid=299395161) (hist (http://en.wikipedia.org/w/index.php?title=Le_Cercle&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Le_Cercle&diff=prev&oldid=299395161)) Le Cercle (http://en.wikipedia.org/wiki/Le_Cercle) ? (? (http://en.wikipedia.org/wiki/Le_Cercle#External_links)External links: rm self-published website)
22:07, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Le_Cercle&oldid=299395036) (hist (http://en.wikipedia.org/w/index.php?title=Le_Cercle&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Le_Cercle&diff=prev&oldid=299395036)) Le Cercle (http://en.wikipedia.org/wiki/Le_Cercle) ? (? (http://en.wikipedia.org/wiki/Le_Cercle#History)History: rm self-published website)
22:06, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=The_Disclosure_Project&oldid=299394913) (hist (http://en.wikipedia.org/w/index.php?title=The_Disclosure_Project&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=The_Disclosure_Project&diff=prev&oldid=299394913)) The Disclosure Project (http://en.wikipedia.org/wiki/The_Disclosure_Project) ? (? (http://en.wikipedia.org/wiki/The_Disclosure_Project#Criticism)Criticism: rm section sourced entirely to a self-published website) (top)
22:04, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Maurice_Lippens_%28businessman%29&oldid=299394563) (hist (http://en.wikipedia.org/w/index.php?title=Maurice_Lippens_%28businessman%29&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Maurice_Lippens_%28businessman%29&diff=prev&oldid=299394563)) Maurice Lippens (businessman) (http://en.wikipedia.org/wiki/Maurice_Lippens_%28businessman%29) ? (? (http://en.wikipedia.org/wiki/Maurice_Lippens_%28businessman%29#Child_Abuse_Netw ork)Child Abuse Network: rm material sourced to self-published website)
22:04, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=%C3%89tienne_Davignon&oldid=299394505) (hist (http://en.wikipedia.org/w/index.php?title=%C3%89tienne_Davignon&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=%C3%89tienne_Davignon&diff=prev&oldid=299394505)) Étienne Davignon (http://en.wikipedia.org/wiki/%C3%89tienne_Davignon) ? (rm self-publsihed website) (top)
22:03, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Marc_Dutroux&oldid=299394428) (hist (http://en.wikipedia.org/w/index.php?title=Marc_Dutroux&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Marc_Dutroux&diff=prev&oldid=299394428)) Marc Dutroux (http://en.wikipedia.org/wiki/Marc_Dutroux) ? (? (http://en.wikipedia.org/wiki/Marc_Dutroux#Alternative_views)Alternative views: rm material from self-published wesbite) (top)
22:02, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Bohemian_Grove&oldid=299394224) (hist (http://en.wikipedia.org/w/index.php?title=Bohemian_Grove&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Bohemian_Grove&diff=prev&oldid=299394224)) Bohemian Grove (http://en.wikipedia.org/wiki/Bohemian_Grove) ? (? (http://en.wikipedia.org/wiki/Bohemian_Grove#External_links)External links: rm self-published site)
22:01, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=1001_Club&oldid=299394057) (hist (http://en.wikipedia.org/w/index.php?title=1001_Club&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=1001_Club&diff=prev&oldid=299394057)) 1001 Club (http://en.wikipedia.org/wiki/1001_Club) ? (trim unsourced list that includes living people) (top)
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21:52, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=Great_Oil_Sniffer_Hoax&oldid=299392421) (hist (http://en.wikipedia.org/w/index.php?title=Great_Oil_Sniffer_Hoax&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Great_Oil_Sniffer_Hoax&diff=prev&oldid=299392421)) Great Oil Sniffer Hoax (http://en.wikipedia.org/wiki/Great_Oil_Sniffer_Hoax) ? (? (http://en.wikipedia.org/wiki/Great_Oil_Sniffer_Hoax#Bibliography)Bibliography: rm link to self-published website) (top)
21:50, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=1001_Club&oldid=299392171) (hist (http://en.wikipedia.org/w/index.php?title=1001_Club&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=1001_Club&diff=prev&oldid=299392171)) 1001 Club (http://en.wikipedia.org/wiki/1001_Club) ? (rm self-publsihed site, add cite req)
21:49, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=1001_Club&oldid=299391985) (hist (http://en.wikipedia.org/w/index.php?title=1001_Club&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=1001_Club&diff=prev&oldid=299391985)) 1001 Club (http://en.wikipedia.org/wiki/1001_Club) ? (improve ref, intro)
21:46, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=1001_Club&oldid=299391392) (hist (http://en.wikipedia.org/w/index.php?title=1001_Club&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=1001_Club&diff=prev&oldid=299391392)) 1001 Club (http://en.wikipedia.org/wiki/1001_Club) ? (? (http://en.wikipedia.org/wiki/1001_Club#External_links)External links: rm self-published site)
21:45, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=1001_Club&oldid=299391239) (hist (http://en.wikipedia.org/w/index.php?title=1001_Club&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=1001_Club&diff=prev&oldid=299391239)) 1001 Club (http://en.wikipedia.org/wiki/1001_Club) ? (? (http://en.wikipedia.org/wiki/1001_Club#Alternative_views)Alternative views: rm link to self-published site)
21:40, 29 June 2009 (http://en.wikipedia.org/w/index.php?title=World_Wide_Fund_for_Nature&oldid=299390484) (hist (http://en.wikipedia.org/w/index.php?title=World_Wide_Fund_for_Nature&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=World_Wide_Fund_for_Nature&diff=prev&oldid=299390484)) World Wide Fund for Nature (http://en.wikipedia.org/wiki/World_Wide_Fund_for_Nature) ? (? (http://en.wikipedia.org/wiki/World_Wide_Fund_for_Nature#Cambodia_controversy)Ca mbodia controversy: wl, refs, trim "controversy") (top)

Apparently Beback is keeping check on any reversals regarding ISGP:


08:55, 1 July 2009 (http://en.wikipedia.org/w/index.php?title=Maurice_Lippens_%28businessman%29&oldid=299660720) (hist (http://en.wikipedia.org/w/index.php?title=Maurice_Lippens_%28businessman%29&action=history)) (diff (http://en.wikipedia.org/w/index.php?title=Maurice_Lippens_%28businessman%29&diff=prev&oldid=299660720)) Maurice Lippens (businessman) (http://en.wikipedia.org/wiki/Maurice_Lippens_%28businessman%29) ? (undo - extraordinary clai, requires highly reliable source, www.isgp.eu (http://www.isgp.eu) doesn't qualify) (top)

He doesn't seem to realize that ISGP is not "the source". The sources are the photocopies of the official gendarmerie reports, which happen to be permanently posted on ISGP. And of course you won't find these documents in any newpaper or on any government-related site. Does that mean that no one has ever testified against Maurice Lippens? Apparently it does in Beback's mind.

http://www.isgp.eu/miscellaneous/ISGP_deleted_from_Wikipedia_history_by_one_admin.h tm

Magda Hassan
08-13-2009, 03:34 AM
Since there seems to be an ongoing problem with controversial subjects being censored or disappeared on Wikipedia I thought it useful to start a thread on this activity.

Ed Jewett
08-13-2009, 04:22 AM
"... bizarre theories based on random speculation by lunatics... Martians, or Elvis."



http://unrealitymag.com/wp-content/uploads/2009/01/one-flew-over-the-cuckoos-nest.jpg


When in hell do they pass out the meds in this place?

Peter Presland
08-13-2009, 09:36 AM
This will come as no surprise to most here. Well documented as usual by Joel.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~

ISGP's problem with Wikipedia
One single admin able to wipe ISGP from dozens of Wiki pages
July 1, 2009
Joël
.................................................. .................................................. ....................................

Well, you're quite right about lack of surprise. There are also other well documented and totally unrelated cases, as in the 'Deep Capture' - Naked short selling saga. Unrelated that is except in so far as blindingly obvious powerful interests being systematically and painstakingly served. What is surprising is the apparent ease with which a single (or small group) of editors can effectively eviscerate an issue. However, on second thoughts, perhaps it is NOT so surprising if the ability and willingness on the part of those powerful interests to 'make it worth their while' is factored in.

'The other forum' springs to mind

If those undertaking the disinfo, spoiling, obfuscation, issue hiding/modifying, are given a clear mandate and well rewarded for their work - as is so massively the case with all the MSM - then the threats posed by the internet can be mitigated. That is EXACTLY what is happening in my view. High traffic sites are the targets and the objective in this case - as Joel so rightly points out - is to drastically reduce the exposure of ISGP.

Myra Bronstein
08-13-2009, 03:28 PM
...



"The result was my 'Blue Pill/Red Pill' moment and the shattering of some cherished and long-held beliefs (or rather illusions as they turned out to be). As a consequence, life in polite orthodox company (ie among those living the 'consensus trance' which, by definition comprises the overwhelming majority) has become 'difficult'. My contributions to discussions on politics, philosophy and world affairs in general are likely to be considered, in varying degree, unwelcome, threatening, scary, treasonable or simply mad; which naturally enough renders me 'persona non-grata' in circles where I cannot be indulged or patronised as the token madman - which in practice means whenever such discussions arise (attempts at patronising or indulgence being hazardous to the intellectual dignity of those inclined to try so-to-speak)

It has one overriding, neurosis banishing consolation though: that of genuine, relaxed, honest, open-minded, sceptical, illusion less enquiry, free from any pressure - self-imposed or otherwise - to align with the powerful and I therefore sleep like a baby."


Wow Peter, you write my anthem. Thank you.

Myra Bronstein
08-13-2009, 03:40 PM
"Government is the entertainment division of the military industrial complex."
Frank Zappa


Oh man, Zappa really said that?
No wonder I love him. And he died young... like so many of the outspoken socially conscious entertainers I admire.

Frank Zappa - Cancer
Bill Hicks - Cancer
Bob Marley - Cancer (after surviving shooting)
John Lennon - Shot

Just sayin'...

Jan Klimkowski
08-13-2009, 06:02 PM
This will come as no surprise to most here. Well documented as usual by Joel.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~


ISGP's problem with Wikipedia
One single admin able to wipe ISGP from dozens of Wiki pages
July 1, 2009
Joël
.................................................. .................................................. ....................................
You know, I think Wikipedia is a really great concept. Anyone can contribute information to articles, while a relatively small number of administrators see to it that the information remains objective and verifiable. Despite criticism that "anyone can write anything", in reality the vast majority of Wikipedia articles are well sourced and very reliable.
However, as usual, problems arise when it comes to controversial information. Many people cannot deal with this and without even thinking they just discard it. That's too bad, but not much can be done about it. What is worrying, however, is that some Wikipedia editors posses similar character traits. And occasionally, like in this case, they seem to go berserk.


So, The Man took out Joel's sourced work on wikipedia.

Wankers.



To engage is to dignify.

To expose is to destroy.



This act of vandalism, of cyber book burning, strongly suggests that They're worried about Joel's meticulous investigative work.

Peter Presland
08-13-2009, 06:37 PM
This act of vandalism, of cyber book burning, strongly suggests that They're worried about Joel's meticulous investigative work.
I agree Jan. I'm no expert on the editing protocols on Wikepedia but it is clear to me from past controversies that there are people who actually make a living out of systematically massaging subjects. My understanding is that anyone can edit any entry and that all edits are logged together with user ID/IP address and subject to a sort of peer review process when disputes arise. There is also a class of (sort of) super-editors with special - allegedly earned - privileges/powers which include an element of adjudication of disputes and punishments for 'abuse' of the system - We just gotta have gatekeepers eh?

The thing is that, if someone IS being paid to massage a particular entry or subject, he/she can clearly devote serious focussed time to it such that the casual amateur with no axe to grind other than sourced accuracy is at a severe disadvantage.

I believe there are those who keep a disciplined eye out for such obvious massaging but the system is so vast that the imbalances described above will obviously have a serious effect over time.

I'm considering devoting a few weeks to digging into the mechanics of all this, with maybe a focussed attempt to get Joel's stuff reinstated. Thing is, when push comes to shove, I believe disputes are subject to a user community vote - and again, if the massagers are organised (and by definition the ones that concern me are likely to be WELL organised) then mustering sufficient votes when required may be a problem.

Jan Klimkowski
08-13-2009, 07:54 PM
Peter - my sense is that, in terms of Their ability to control and influence, the internet is currently where network television was 2 or 3 decades ago.

See the Gladio films meticulously saved from oblivion by Magda here:

http://www.deeppoliticsforum.com/video_playlist.html

These were broadcast on BBC2 in 1992.

MSM.

Incendiary films.

Even if, or perhaps because, DCIA Colby's admission/justification of Gladio is comedy gold.

I have stories about these films, and individuals involved in their making, which I may tell at some time.

My point for now is that 2 decades ago, it was possible for important fragments of truth to appear on MSM.

No longer.

Right now, fragments of truth also appear on wiki. As a highly relevant example, see the wiki article below:

http://en.wikipedia.org/wiki/Operation_Gladio

However, the increasing cyber book burning on wiki, as evidenced by the assault on Joel van der Reijden's work, suggests to me that, to coin an ugly phrase, They are attempting to MSM-ize wikipedia.

To neutralize the internet as a whole.

To make it as safe and sterile as MSM.

They tolerate, indeed encourage, pornography.

They loathe and fear the truth.

Jan Klimkowski
08-13-2009, 08:08 PM
Rather amusingly, The Man has already managed to corrupt Allan Francovich's wiki entry:


Allan Francovich (1941 – April 24, 1997) was an American film producer and director who made a series of films purporting to expose Central Intelligence Agency (CIA) covert operations.

http://en.wikipedia.org/wiki/Allan_Francovich

purporting

Oh, aren't They clever....

:laugh::laugh::laugh::laugh::laugh::laugh:

Message to The Man:

MUST TRY HARDER

:aetsch::aetsch:

Peter Presland
08-14-2009, 04:49 PM
Wow Peter, you write my anthem. Thank you.

Thanks Myra. - my emergence from 'the concensus trance' you might say. I'm just peed off that it took me so long. :stupid:

As for Frank Zappa. The quote just caught my attention somewhere; haven't researched it though. Yep, fond 60's memories and all that but - BIG but - there's a dark side involving his father's military background and his upbringing. This from Dave McGowan's 'Inside the Laurel Canyon': (http://www.whale.to/b/inside_the_lc.html)

Given that Zappa was, by numerous accounts, a rigidly authoritarian control-freak and a supporter of U.S. military actions in Southeast Asia, it is perhaps not surprising that he would not feel a kinship with the youth movement that he helped nurture. And it is probably safe to say that Frank’s dad also had little regard for the youth culture of the 1960s, given that Francis Zappa was, in case you were wondering, a chemical warfare specialist assigned to – where else? – the Edgewood Arsenal. Edgewood is, of course, the longtime home of America’s chemical warfare program, as well as a facility frequently cited as being deeply enmeshed in MK-ULTRA operations. Curiously enough, Frank Zappa literally grew up at the Edgewood Arsenal, having lived the first seven years of his life in military housing on the grounds of the facility. The family later moved to Lancaster, California, near Edwards Air Force Base, where Francis Zappa continued to busy himself with doing classified work for the military/intelligence complex. His son, meanwhile, prepped himself to become an icon of the peace & love crowd. Again, nothing unusual about that, I suppose.Plus lots more. Hmmm.

Myra Bronstein
08-14-2009, 06:15 PM
Wow Peter, you write my anthem. Thank you.

Thanks Myra. - my emergence from 'the concensus trance' you might say. I'm just peed off that it took me so long. :stupid:

As for Frank Zappa. The quote just caught my attention somewhere; haven't researched it though. Yep, fond 60's memories and all that but - BIG but - there's a dark side involving his father's military background and his upbringing. This from Dave McGowan's 'Inside the Laurel Canyon': (http://www.whale.to/b/inside_the_lc.html)

Given that Zappa was, by numerous accounts, a rigidly authoritarian control-freak and a supporter of U.S. military actions in Southeast Asia, it is perhaps not surprising that he would not feel a kinship with the youth movement that he helped nurture. And it is probably safe to say that Frank’s dad also had little regard for the youth culture of the 1960s, given that Francis Zappa was, in case you were wondering, a chemical warfare specialist assigned to – where else? – the Edgewood Arsenal. Edgewood is, of course, the longtime home of America’s chemical warfare program, as well as a facility frequently cited as being deeply enmeshed in MK-ULTRA operations. Curiously enough, Frank Zappa literally grew up at the Edgewood Arsenal, having lived the first seven years of his life in military housing on the grounds of the facility. The family later moved to Lancaster, California, near Edwards Air Force Base, where Francis Zappa continued to busy himself with doing classified work for the military/intelligence complex. His son, meanwhile, prepped himself to become an icon of the peace & love crowd. Again, nothing unusual about that, I suppose.Plus lots more. Hmmm.

I read that piece Peter, in it's immense entirety in fact. And I have to say that I found it to be disturbingly vague. After pages and pages of insinuations it never produces any concrete, or even coherent, claims against Zappa. Basically it talks about his dad's career and the family's locale and then never goes anywhere with the info. It bothers me because I think highly of Zappa and believe he deserves better.

I'm open to reevaluating anyone in light of additional info. But the additional info has to be substantial and I see nothing of substance in McGowan's Laurel Canyon series.

Peter Presland
08-14-2009, 06:39 PM
I read that piece Peter, in it's immense entirety in fact. And I have to say that I found it to be disturbingly vague.
You're well ahead of me on that then Myra. I've only had a quick peek.

Frankly I'm neutral on FZ. He was part and parcel of some fond 60's memories for me so I'm reluctant to think bad of him personally too.

There is overwhelming evidence of MKULTRA type meddling in the whole 60's LSD drugs scene though, so with his background providing access of sorts, I guess it would be surprising if they had not taken an interest in him - which not to cast aspersions either - more likely a victim in fact.

I too have a completely open mind on the matter.

Jan Klimkowski
08-14-2009, 06:41 PM
Dave McGowan's Laurel Canyon series is one of the subjects of discussion here:

http://www.deeppoliticsforum.com/forums/showthread.php?t=698&highlight=kate+story

Myra Bronstein
08-14-2009, 10:15 PM
Dave McGowan's Laurel Canyon series is one of the subjects of discussion here:

http://www.deeppoliticsforum.com/forums/showthread.php?t=698&highlight=kate+story

Thanks Jan. I meant to link to that thread. Yep, McGowan has started some spirited discussions.

Ed Jewett
08-14-2009, 11:20 PM
I read that piece Peter, in it's immense entirety in fact. And I have to say that I found it to be disturbingly vague.
You're well ahead of me on that then Myra. I've only had a quick peek.

Frankly I'm neutral on FZ. He was part and parcel of some fond 60's memories for me so I'm reluctant to think bad of him personally too.

There is overwhelming evidence of MKULTRA type meddling in the whole 60's LSD drugs scene though, so with his background providing access of sorts, I guess it would be surprising if they had not taken an interest in him - which not to cast aspersions either - more likely a victim in fact.

I too have a completely open mind on the matter.

My sense of the matter, apart from having read some of this stuff and, er, ahem, well, I think maybe they just dropped the stuff into the pool to monitor what would happen, aside from their more intense work and interest.

Magda Hassan
08-28-2009, 01:35 AM
http://bits.blogs.nytimes.com/2009/08/27/a-war-of-words-over-wikipedias-spanish-version/
August 27, 2009, 6:45 am
A War of Words Over Wikipedia?s Spanish Version
By Noam Cohen

When Wikipedia held its annual Wikimania conferences in Egypt and
Taiwan, the locations presented obvious political challenges to its
idealistic vision of articles written with a ?neutral point of view.?

China-Taiwan relations, for example, are a long-standing source of world
tension, surpassed by a rare few disputes, among them the
Israeli-Palestinian conflict. Could a bunch of volunteer editors really
expect to create articles that please both Chinese and Taiwanese, or
Israelis as well as Palestinians? Talk about utopian dreams.

With more than 500 Wikipedians gathering in fun-loving Buenos Aires for
this year?s Wikimania, politics was expected to return to the back
burner. The annual conference would once again resemble a high-minded
electronics show rather than the United Nations General Assembly.

Turns out there was never a chance of that.

In a surprisingly aggressive keynote address Wednesday, the
free-software activist Richard Stallman told an audience of Wikipedians
who had assembled from the four corners of the globe that he was
disturbed to learn that the Spanish-language version of Wikipedia was
restricting links to a prominent left-wing Web site. He said it looked a
lot like political bias from where he stood ? which happened to be the
stage in the Alvear Theater on Corrientes Avenue.

The administrators of the site made things worse, Mr. Stallman said at
the end of his address, by banning those Wikipedians who had complained
about what had happened. For good measure, he read phrases from an
article about the political crisis in Honduras that he said that were
unfair to the deposed president, Manuel Zelaya.

?There?s a problem here, a real problem,? he said about the decision to
limit links to the site rebelion.org, a political news aggregator that
also runs some original content. Spanish Wikipedia looks like ?a closed
system that offers no way to deal with this problem,? he said.

His accusation from the stage created the odd spectacle of
Spanish-speaking Wikipedians angrily challenging the man invited to open
their conference.

Damian Finol, 26, an information-technology specialist from Caracas,
Venezuela, told Mr. Stallman that Spanish Wikipedia had made it harder
to link to rebelion.org because people were routinely substituting its
links like a spam attack. ?I don?t think it is fair,? he said to Mr.
Stallman, who interrupted to say that rebelion.org is not only an
aggregator, ?You are repeating a falsehood,? Mr. Stallman said.
In trying to lower the volume, Mr. Stallman added, ?My purpose is not to
castigate Wikipedia, it is purely constructive.?

But the damage was done. Hours later, Wikimania organizers were shaking
their heads at what had happened at the start of their event, which
briefly included the mayor of Buenos Aires.

The lead organizer, Patricio Lorente, an administrator at La Plata
University, said he was not exactly surprised by Mr. Stallman?s address:
?I tried to talk to Richard about this. He doesn?t get the real dynamic
of Spanish Wikipedia.There isn?t a leader, decisions are based on
consensus. Unfortunately Richard has friends who convinced him that this
was a real discrimination case. This is simply not true.?

Rebelion.org is more like an aggregation site like Digg, Mr. Lorente
said. That means it generally shouldn?t have links on Wikipedia unless
the link is to its own original content.

The irony, Mr. Lorente said, is that he considers himself allied with
the left-wing cooperative movement, where workers control their
businesses. ?In our group, there is a diversity of opinion, but it is
more to the left than the right,? he said.

Most visitors to the conference, for example, are staying at the Hotel
Bauen, a worker-run operation a few blocks from the San Martin Community
Center, Wikimania?s headquarters. Mr. Lorente stressed that Wikipedians
were able to get a cheap price and that it is convenient, but he still
felt it was worth mentioning the worker connection.

?A lot of the material on rebelion.org originally appeared in La
Jornada, a left-wing paper in Mexico, and we have 1,500 links to La
Jornada,? he said. ?This is not a problem of ideology but a problem of
spam.?

Mr. Stallman?s comments did help expose some of the raw issues within
Spanish Wikipedia.
Mr. Finol said he had encouraged some Argentine Wikipedians he knew were
displeased with the rebelion.org case to ?come to Wikimania and see for
themselves. They said, if I come, it will be to protest Wikimania.?

Mr. Finol also said that back in Venezuela, news outlets had said that
he was working for the United States government. ?I got hate mail,? he said.

He said the claim was silly, but that unlike Wikipedia in other
languages, ?a lot of political stuff is going on in Spanish Wikipedia. A
majority of vandalism is political, I?m guessing.?

Still, all the Spanish Wikipedians interviewed said that through
discussions, they were able to reach a consensus on even the most
contentious issues, such as how to describe Venezuela?s president, Hugo
Chavez, or whether to restrict rebelion.org.

?The most heated discussions are about words that are spelled
differently in different parts of the world,? said Pedro Sanchez, a
30-year-old mathematician from Michoacan, Mexico, 30, who also
confronted Mr. Stallman.

For example, there is that device that moves a computer cursor: ?Do you
call it a mouse or a raton? In Latin America, we call it a mouse. In
Spain they say raton.?

Looking at Spanish Wikipedia, for now, the answer is mouse.

Myra Bronstein
08-28-2009, 01:49 AM
...
Still, all the Spanish Wikipedians interviewed said that through
discussions, they were able to reach a consensus on even the most
contentious issues, such as how to describe Venezuela?s president, Hugo
Chavez, or whether to restrict rebelion.org.
...

That's what led to my epiphany about Propagandapedia/Wikipedia. A couple of years back I got disgusted at the right wing depiction of Hugo Chavez in Wiki, so I updated his page repeatedly with well sourced material to counter the slanted material already there. My updates simply disappeared. Poof. Gone.

Magda Hassan
08-28-2009, 02:29 AM
Bravo Myra! My hero. Yes, he is demonised in many places. It is hard for people to know what is going on in the other sections of Wikipedia due to language barriers. We have the same problem on the Spanish radio programmes here in Australia. The Spanish programme is basically run and dominated by right wing Colombians so any news about Cuba, Bolivia, Ecuador, Venezuela and their leaders, if it gets any coverage at all is hopelessly biased and treated so badly. I know not every one working there is like that but the editorial and management is.