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The Mother Of All Irony: Playboy Magazine Targets The Daily Bail. We Stand Accused Of Having Fake Boobs


The link below no longer works but I found a link with the original Playboy article cached in its entirety.  It seems they not only didn't do their research on us, but they failed even to establish the basic thesis of their article.  We assume that Santelli and FreedomWorks and perhaps others have filed a lawsuit for slander.  One day you're a hero and the next day a liar.  Marc Ames and Yasha Levine, get used to it.



Below is my original article.

I step away from the site for 24 hours and all hell breaks loose.  Consider for a moment the succulent irony of Playboy magazine accusing someone else of being fake.  Thanks for that collective moment as you become me for a second.  I  found out tonight that Playboy wrote about us yesterday.  And we didn't get a happy ending. (last sex pun.) 

It's the lead story on the Playboy Blog.  It's a conspiracy-soaked read about Rick Santelli and the organizations loosely aligned behind the Chicago Tea Party.  Writers Mark Ames and Yasha Levine did some mundane research and pieced together a decent story.  There's only one problem, everything they wrote about us is completely incorrect.  The writers tossed us under the bus as they headed to conclusion, simply because of our support for Santelli and the various tea party protests.

Laughably, the authors believe that we're part of a shadowy, right-wing conspiracy creating fake websites to influence public opinion.  It specifically accuses us of being an 'astroturf' website, part of an imitation grassroots campaign to advance the corporate interests of the Koch family and others.  The accusation might actually bother me if it weren't so comical.  Had the writers bothered to contact me before going to press, they would have learned a few things about me politically and personally that would have kept The Daily Bail out of the mud. 

I have responded to the authors privately:

Mark and Yasha,

What do they say about controversy when you're fighting for a cause, that any publicity is good publicity.  Your article will test that theory for us, because you skewered us and you couldn't have been more wrong.  Couldn't you at least have tried to contact me before lumping us into a right-wing conspiracy?  You did absolutely no research on us beyond reading our Santelli articles.  Nice job.

You made a mistake by lumping The Daily Bail in with these groups.  We are an independent news site and categorically non-political.  Though my opinions might sometimes coincide with one side or the other, I am not a member or fan of either political party.  Bailout politics make for strange bed-fellows and the goal is to stop the giveaway not to solve our differences.  Liberals, conservatives, libertarians and political drop-outs are all welcomed here.  We are equal-opportunity revolutionaries.

As I said, I do not listen to talk radio or participate on any political websites.  As a trader and private-client money manager, I'm completely focused on the markets and financial news.  I really am just one person trying to make a difference.  It might sound corny but it's the truth.  My background in journalism was in radio and then at CNN Moneyline before becoming a sell-side equities analyst for a top-tier investment bank.  Yes, I've been on the inside and know first-hand the sleaze that goes on at these joints.

My personal politics are simple and very non-radical: I'm a fiscal conservative and social liberal.  I believe in a smaller federal government, fiscal sanity, and I support tolerance for all people and lifestyles.  I am disgusted by both political parties and belong to neither.

I believe the bailouts are nothing short of generational rape.  Particularly the bank bailouts, plus Fannie, Freddie and AIG.  I believe Henry Paulson is a criminal.  Both for his role in creating this crisis in 2004 with the SEC rule change that allowed leverage to expand, as well as his decision to bailout AIG so that Goldman Sachs (his former firm from whom he received a $600 million tax-free severance in 2006) would be protected.

Read the following story for more on Paulson's role in this crisis: Rule Bending Banking Bastards

Considering my views, I doubt the John Birchers or any other right-wing factions would claim me as you suggest.  And I'd sooner lose my middle nut than be associated with either side.  We are a completely independent news site focusing on stopping the goddamned bailouts, with absolutely no political affiliation.  And we have received no funding from any source besides my wallet.

Please examine things from my perspective.  I have one goal which is to help galvanize public opinion against the taxpayer bailouts of private failure. Period.


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Reader Comments (69)



It seems they not only didn't do their research on us, but they failed even to establish the basic thesis of their article. We assume that Santelli and FreedomWorks and perhaps others have filed a lawsuit for slander. Uh-oh.

One day you're a hero and the next day a liar. Marc Ames and Yasha Levine, I hope you get fired and end up being forced to snort worms for the rest of your days. Thanks for ruining my weekend, you bastards."

The playboy writers slandered your site.

Seriously, I wouldn't worry about it. They will probably remove all mention of your site from their article by morning. If I were you, I would hope it turns into a huge controversy. You will get a lot of free publicity if it does.
Mar 1, 2009 at 4:53 AM | Unregistered CommenterSummer Of '62
Oh you are good.
Mar 1, 2009 at 4:58 AM | Unregistered CommenterUncle Billy, Mental Widget
"I step away from the site for 24 hours and all hell breaks loose. Consider for a moment the irony of Playboy magazine accusing someone else of being fake. Thanks for that collective moment as you become me for a second. "

I have never posted here before but I have been reading your blog for a few weeks and enjoy it very much. Please don't be discouraged or stop what you are doing. I read the article from Playboy and followed their links and it's pretty obvious they just threw you in because they don't like Rick Santelli.
Mar 1, 2009 at 5:12 AM | Unregistered CommenterPeanuts
This is some hilarious shit you got going on. The Playboy writers left out one important detail, this site basically attacks everybody. I guess they missed that.
Mar 1, 2009 at 5:17 AM | Unregistered Commenterkansas is fucked
Wow. Controversy. Looks like fun. I agree with the previous poster. Anyone who reads your stuff regularly sees that you pretty much attack everyone in this mess. Other than your focus on Santell for a few days, I don't see how the writers at Playboy would include you in their attack.
Mar 1, 2009 at 5:29 AM | Unregistered CommenterMustard Seed
Milk the controversy for all you can get. Attack and keep on attacking.
Mar 1, 2009 at 5:31 AM | Unregistered CommenterPuzo
So the real question should be are Carmen Elektra's boobs fake or real?
Mar 1, 2009 at 5:36 AM | Unregistered Commenterdebt private
@debt private

They are fake. Are you disappointed?
Mar 1, 2009 at 5:45 AM | Unregistered CommenterPuzo
"@debt private

They are fake. Are you disappointed? "

Not as long as Carmen doesn't care about my surgically enhanced shlong.
Mar 1, 2009 at 5:54 AM | Unregistered Commenterdebt private
Relax DB. We know bullshit when we see it. I agree with others that you might be able to get some publicity out of this fiasco. But can we focus on the main points of the article for a moment. Excluding their inclusion of you in their allegations, since the majority of their post was about Odom and the Koch family. Do you think the rant was a set-up?
Mar 1, 2009 at 6:00 AM | Unregistered Commenterthe whole truth
@debt private

Watch this Wanda Sykes video clip from the Jay Leno Show. Not sure how I missed this one before.

Mar 1, 2009 at 6:06 AM | Unregistered CommenterPuzo
My wife and I participated in the Washington, DC tea party protest today and we loved it. We are hooked and can't wait for the next one. I don't understand the real point of the Playboy article. Assume their thesis is true that some Republicans are helping Mr. Santelli. What is newsworthy about that.
Mar 1, 2009 at 6:15 AM | Unregistered CommenterCantilevered Economy

What a bunch of cooked-up phoney-baloney bullshit. Just because your webiste launched recently and you live 300 miles from Chicago is obviously plenty of evidence to accuse you. Their article was pretty decent until they strayed down the conspiracy path.

It's pretty interesting that they never contacted you before printing this. In the blogoshpere, attacks happen without warning.

Consider it as more evidence that your blog is being noticed by a lot of people. I did a search and found this article from CNN from this week that gives you special mention. Word is getting around. Congrats.

Mar 1, 2009 at 6:25 AM | Unregistered CommenterBotKilla
Fascinating stuff.

I updated my post with a link back to you . . .
Mar 1, 2009 at 7:59 AM | Unregistered CommenterBarry Ritholtz
@Barry Ritholtz

It is much appreciated. Since your story on the Santelli Playboy piece was so popular, I wanted you to hear it from me personally that these allegations are categorically untrue. i greatly respect what you do at the Big Picture and you are forever a hero for calling out Gasparino on CNBC.

That shit was classic stuff. In fact I think I'll post that video of you and gasparino later today in homage.

Thanks again for standing up for me. It means a lot.
Mar 1, 2009 at 9:18 AM | Registered CommenterDailyBail
This site is now a daily stop for me.

There are quite a few of us who no longer look to either political party as the solution, but blame them both for the problems. Which is what makes sites like these increasingly popular. I don't want to unseat Democrats, I want to upend the political class and all the nonsense it has stood for over the last 50 years.

Keep up the good work.
Mar 1, 2009 at 9:34 AM | Unregistered Commenterkstills
Hey man, enjoy the free publicity.

I love your writing style and I'll be sure to check in regularly, even if you are part of some bizarre conspiracy network.

Mar 1, 2009 at 10:04 AM | Unregistered Commentermark mchugh
Frankly, why are your political beliefs supposed to convince us that you've been "mistargeted?" So you deny everything. Guess what? Every prisoner in my local state penitentiary makes the same claim.
Mar 1, 2009 at 10:23 AM | Unregistered Commenterbob
Ah, to be accused of being a shill is indeed a sign of having "made-it"... Tanta over at Calculated Risk was regularly called a shill for Countrywide, and I joined her once for defending the Tan Man (who otherwise deserves every bit of opprobrium he gets) when he was email-spammed as a negotiating technique.

One change is that from here on in, people will be looking at you through that prism, so you'll have to redouble your efforts to stay precise and on-point, or you'll get hammered.
Mar 1, 2009 at 11:08 AM | Unregistered CommenterDCRogers
...part of an imitation grassroots campaign to advance the corporate interests of the Koch family and FreedomWorks.org...

So even if this figment of their overactive tin-hatted left-wing imagination really existed -- so what? The Goldman Sachs/Obama administration needs to be stopped. And do you really think the grass roots Internet frenzy that laundered $700 million to the Obama presidential campaign was real?
Mar 1, 2009 at 11:11 AM | Unregistered CommenterJohn S

I shared my political beliefs because I have been accused of being a fake website run by right-wing scions.

You know what Bob, if you read several of my meatier stories and you still think I'm a shill, then bless you my friend, you may have your belief in peace.

Mar 1, 2009 at 11:25 AM | Registered CommenterDailyBail
@ John S

I agree with what you say and said something similar myself over at Barry's site.

Here's the part that doesn't register with me from the Playboy article. I followed the links the Playboy authors provided to the actual conservative websites, and I saw no evidence they were trying to hide their political beliefs at all.

In a nut-shell here's what happened. They saw my obvious excitement for a mid-summer tea party. They saw all the Santelli videos. They saw how I mentioned the chicago tea party several times. And they thought the site looked professional, which it plainly is not.

Then add the fact that I said we would be willing to help organize the event plus my statement about being close to Chicago and the authors thought they had a ringer. They were so sure they never even contacted me.

It was a mistake and they will be shown in time to have gotten it wrong.
Mar 1, 2009 at 12:07 PM | Registered CommenterDailyBail
There is a reason why I titled my response to Playboy ' Bailout Politics Make For Strange Bedfellows.'

I want as many allies on our side as possible. The goal is to stop the bailouts, not solve political differences among us. If we find ourselves aligned on the same team, then let's fight together. Left, right, center, political drop-outs, young, old, everybody aginst the common enemy of burdening future generations with this immoral debt.

And to demonstrate how we can all play on the same team nicely, here are a group of videos from last week's B-52 Bernanke hearings.

There are 2 Ron Paul videos inside for those who are interested in hearing his smiling attack on the Fed, straight to B-52's face.

Mar 1, 2009 at 12:16 PM | Registered CommenterDailyBail
You wrote: "Bailout politics makes for strange bedfellows."

Indeed it does. I'm a liberal that enjoys you're site and I'm against the bank bailouts. I believe a LOT of crimes have been committed and the fraud has gone largely unpunished. I know nothing about this Chicago tea party deal but the call for justice is the beginning of a truly bipartisan movement that IS going to be heard. Santelli's rant appeared to me to be about blaming only the buyers (and considering the dumbing down of America, I doubt that very few of them actually understood all the paperwork).

So some may find it odd that a liberal like me would agree with most of what was said in this speech at the CPAC conference.
Mar 1, 2009 at 12:28 PM | Unregistered CommenterRobert M
The moral here is that people who hate Republicans can be taken in by Santelli/Koch/"Tea Party" astroturf as supply-side true believers. Interestingly, the buss in NYC media circles this morning is that Santelli is in an Olympic-pool-sized vat of the brown sauce with NBC-Universal execs, who got wind of the astroturf campaign tied to Santelli's rant less than a day after it happened -- and don't like the fact that CNBC now looks like it was being played by an entity they cover regularly, namely Koch Industries.

Bottom line: Santelli would be well-advised to find a new line of work; I'd wager he'd have a far more lucrative career as a radio talker.

And there's nothing actionable in what the Playboy writers said about TDB -- in fact, you should be thanking them for the free publicity! Were you to follow the ill-informed Summer of '62's advice and file a civil action, it would likely not only fail but prove costly in other ways to your scathing and well-written blog, as Playboy is not only notoriously litigious but has a strong record of filing and winning cross-claims.
Mar 1, 2009 at 12:31 PM | Unregistered CommenterDavid Limbaugh

You bring up a good point that is actually the start of the perception that we are a republican site. i wrote a piece with a funny title and a funny picture about the mortgage bailout plan that got a lot of hits from referring sites. Liberals attacked me when they saw it because they were new to the site and weren't aware that it was a soft post for me. I reserve much stronger language for the investment banks, fannie, freddie and AIG.

If these critics only would have taken a few minutes to review a sampling of my other posts they would have seen that I'm highly critical of ALL bailout recipients. I blame everyone partially but one man more than any other- Henry Paulson. He played the pivotal role in getting the leverage exemption jammed through the SEC in 2004.

That was the day this crisis went from ordinary to once a century. Leverage went from 12:1 to above 30:1 very quickly.
Mar 1, 2009 at 12:38 PM | Registered CommenterDailyBail

You don't want to file suit against them because of discovery. In discovery, they would have the full right to seek all of your financial and funding records - the very topics of their story. As such, you'd have to turn those records over to Playboy's writers or be in contempt of court.

The Kochs will never allow that to happen.

Understand, also, that Playboy is like The National Enquirer. Both pay for the information. They fork over a lot of cash and get people to sign legal affidavits verifying the authenticity of their statements. It's all perfectly legal; it also protects both publications against lawsuits on the grounds of slander or bias. The compensation binds the recipient to testimony on behalf of the publication. No running. No hiding. No games. No confidential sources. No distancing after the fact and the topic, in this case the powerful Koch klan, learns who's made the statements.

So prattle on; that's why the Kochs fund your operation and I'd be most disappointed if you did anything less.

But Playboy beat you. And you know it.

Send along my best to Dick Armey, the lady's man of all lady's men as his recent appearance with Matthews indicated.
Mar 1, 2009 at 12:56 PM | Unregistered CommenterMark

I have no intention of anything legal. As I wrote in the piece I'm not really even that upset with the authors. I think they are trying to get to the truth about things as we all are. The majority of their reporting was good in this story. That doesn't mean that Odom and others have done anything wrong, as I explained in more detail in an earlier comment.

For whatever reason, the authors decided to throw us under a moving bus at the end. I also explained this in an earlier comment. The circumstantial evidence seemed so strong that they didn't even bother to contact me. For this I fault them. But I get over things quickly and am ready to move on to more productive pursuits of time.

Here's the link I forgot to provide in the previosu post that first got the left upset with me.

Mar 1, 2009 at 1:01 PM | Registered CommenterDailyBail

Please consider the idea that you are wrong. Imagine, your surprise with time as you find out we really are non-political here. That we are all types lined up together with the goal of fighting the bailouts.
Mar 1, 2009 at 1:08 PM | Registered CommenterDailyBail

You mention my funding and discovery. Please look around. What here do you think costs any money?

My total costs for this site to date are less than the price of a steak dinner for two. No shit. It's that easy.

Now my time and and loss of sanity are harder to value, So i think I'll just stick them in my level III category and mark them to fantasy.
Mar 1, 2009 at 1:13 PM | Registered CommenterDailyBail
you stink
Mar 1, 2009 at 2:06 PM | Unregistered Commenteroracle
Left wingers protest and Republicans write letters.....I heard that at the Atlanta "Tea Party". There were several thousand there in 50 degree weather with POURING RAIN...I'm talking Noah floated by on the Arc and waived at us. I an most that were there had never protested anything in our lives.......However, it is time America stood strong on the issue of the Constitution and made their collective voices heard. Obama preaches that he was given a mandate by the American people. That is a load of CRAP...he was given a mandate by Pennsylvania, California, Florida, and New York. If it were not for those liberal states....he would be seeking cover. This Presidency and it's mandate to RAPE America , and the coronation of Rick Santelli as Anti-American is a joke. We shall see how powerful Obama's mandate really is in 2010. He blew through ALL his political capital in 6 weeks.......That 's NO B.S.
Mar 1, 2009 at 2:11 PM | Unregistered CommenterAin't Bullshittin'
Ain't BS'n is right. Down here in the Dirty South we're sick and tired of the Northern, Liberal, godless, pinko commies infringing on our State's rights. State Senate Majority Leader Chip Rogers (R-Woodstock) has my support. Let's find the socialists and go after them!

Protesters hold anti-stimulus “tea party” at the Capitol
By Mary Lou Pickel | Friday, February 27, 2009, 03:43 PM

The Atlanta Journal-Constitution

Protesters at the Capitol handed out One Trillion dollar bills with the faces of House Speaker Nancy Pelosi (D-California) and Senate Majority Leader Harry Reid (D-Nevada).

State Republican politicians lined up to speak in the rain, including gubernatorial hopefuls Insurance Commissioner John Oxendine and Rep. Austin Scott (R-Tifton).

State Senate Majority Leader Chip Rogers (R-Woodstock) also spoke, urging the crowd to find socialists in office and “kick them out.”

“Let’s go after them,” Rogers said, to cheers from the crowd.
Mar 1, 2009 at 2:40 PM | Unregistered CommenterWar of Northern Aggression
It is the right wing Bush republicans that bailed out the banks with taxpayer money and diumped the entire mess on Obama. Now the game plan is too blame Obama prior to the next election.

Obama's choices are:

1) Let the financial system crash and create the next great depression.

2) Slog along and try to work out of the mess GW Bush and the republicans create. Could take 10 years.

The Santelli Rant had NOTHING to do with bailing out the banks but was about the mortgage relief act that favors Americans over the banks.

Rick Santelli is a mouthpiece for wall street banks and a complete anti-American scumbad.
Mar 1, 2009 at 3:16 PM | Unregistered CommenterTruth Seaker
Another important truth about Rick Santellii's anti-American rant.

Regarding the so called "losers" being "bailed out" of thier mortgages:

GW Bush nationalized Fannie Mae and Fredie Mac, at that point the American Taxpayers OWNED THESE MORTGAGES.

That is correct, there is no PRIVATE BANK involved in these mortgages, they are owned collectivily by the taxpayers.

So the choice is Forclosure in which case the American taxpayers lose or encourage these people to paid back as much of thier mortgages as possible to the American taxpayers through incentives such as lower interest rates.

The American taxpayer lost the day GW Bush dumped these toxic mortgages onto the taxpayers, bailing out the banks.

Obama has no options of giving these back to the banks. He can only try a limited the loses to the taxpayers created by the Bush scumbags.

Rick Santelii is an anti-American scumbag extrodinaire.
Mar 1, 2009 at 3:21 PM | Unregistered CommenterTruth Seaker
But if you want to be taking seriously and not as a Kochling, one suggests respectfully that you reject your repeated references to urination, defecation, and defecation by male cattle. Such juvenile grammatical histrionics may obtain a high five from your trading pals and a pat on the back from one of the firm's famed BSDs.

However, I will never view you as anything more than the paid child that you are.

Expecting your invective-laden response in 5, 4, 3, 2, 1 ....

P.S. As a financial wiz, you, more than any other, should know that the questions raised here and elsewhere deal not with operating expenses, but with seed capital and the source(s) of said seed capital. The meat of the story, in homage to your T-bone, is not where you dined in the Internet world, but who paid and is continuing to pay the tab.
Mar 1, 2009 at 3:29 PM | Unregistered CommenterMark
The very fact that Playboy took time out of it's search for the biggest fake tits to talk about your blog tells me you've hit a nerve.

I love your blogspot. I have it on an RSS feed so I can see new updates.

John and Ken are having a Tea Party next weekend March 7th in Fullerton, CA, in Orange County. Look on Facebook for the details. We're mad as hell and we're not going to take it anymore. The continued funding of social services for illegal aliens, bloated state budgets for lazy ass state workers and people leaving CA leaves only the parasites behind. Well if the hard-working Californians leave who is going to pay for the tab? Oh and DB to add insult to injury they want to raise personal taxes, the car tax (to renew your plates) and DMV charges so the federal stimulus will have little or no effect.

This anti-bailout sentiment is not limited to any particular party. I'm a libertarian and I voted for Obama, but this bailout makes no financial sense. I can unequivocably tell you that in Southern California plenty of people took out loans for homes they knew damn well they couldn't afford. The blames lies within the greedy realtor who was rubbing his/her hands to get a commission for an overpriced So Cal home and the lender who was making money off of it. I'm a responsible renter who makes a decent income but knew buying a house here was a complete waste of time. I'm now glad I didn't. With the prices of homes falling every single day, I'd be upside down!

I like Rick Santelli and I like his populist viewpoints. He speaks for many of us. I cheer when I see him on TV. It's about damn time someone said the REAL truth about we Americans feel.

Bailout is Bullshit.
Mar 1, 2009 at 3:49 PM | Unregistered CommenterJanet
ubiquitous greed
looming financial abyss
punish but support
Mar 1, 2009 at 5:27 PM | Unregistered CommenterMasaoka Shiki
Does this even matter? Santelli's speech was a joke and obviously planted as any real network would cut away if a reporter just decided to air his personal laundry like that. Santelli like the "writer" of this blog are jokes, racists and know nothing about the economy or how politics works. Your "tea parties" were jokes as no one showed up and you are fighting about a president with close to a 70% approval rating. Republicans are just making sure that Dem's are in power for the next decade with their stupidity and racism. Good job Santelli you showed yourself to be a bigger joke than we already thought you were.
Mar 1, 2009 at 6:12 PM | Unregistered CommenterRick
I didn't even notice this before I posted over at calculatedriskblog.com -- if you look at the cover of the magazine: "20Q Flight of the Conchords."
Mar 1, 2009 at 6:41 PM | Unregistered CommenterUncle Billy, Mental Widget
Two points:

First, if they printed that about you without any apparent effort to check you out, what on earth makes you think they did anything more on any of the other people or links? Far from being good investigators, it seems they've behaved as writers serving a political agenda. I'd be very suspicious of whatever they write.

Second...let's pray (atheists can hope) this blows up into a controversy. It would help promote the site and the effort to stop the insanity of our federal giveaways.

Mar 1, 2009 at 7:05 PM | Unregistered CommenterBluzman

There is no seed capital. There are no expenses short of time and frustration. We are not a Kochlian site.
Mar 1, 2009 at 7:29 PM | Registered CommenterDailyBail
@truth seeker

Have you stopped to consider that foreslosure is NOT the problem but rather the solution. Housing prices are still out of line with historical standards. Prices need to fall further to re-adjust with incomes. When a homeowner is kept in a house that he can't afford, the process of price adjustment is impeded.

Most of us want the problems to be over quickly. The meausres designed to slow it down will only make things worse.
Mar 1, 2009 at 7:33 PM | Registered CommenterDailyBail

Comment duly noted. Absence of foul language appreciated. Will take you at your blog on this.

Be sure this is not one of those moments akin to "I did not have sex (or take money) with that woman (or from those Texas billionaires)."

Honesty may not get you an offshore bank account, but it will yield something worthwhile.

Mar 1, 2009 at 9:05 PM | Unregistered CommenterMark
Clusterstock and Joe Wiesenthal wrote about the Playboy allegations today and they were not impressed. Notice how Joe highlights that Santelli was also vocal agaisnt the Wall Street bank bailouts.


key snip from the article (it's all clusterstock below. not my commentary):

"We're a little more skeptical. First of all, the article is kind of obnoxious, using phrases like "craziest and sleaziest rightwing oligarch clans" to describe folks who fund middle-of-the-road groups like Reason and Cato. It kind of looks like they're compensating for, um, a lack of a smoking gun.

Second, there seems to be some idea that this rant was way out of Santelli's character. Have they seen this guy? He's been railing against everything for months. What would've been weird is if he hadn't lost his wig. Beyond that, it's obvious that Santelli hadn't just made up the Chicago Tea Party thing right on the spot there. He said something to the effect of, we're having a "Tea Party" here this summer. In other words, he admitted that he knew some folks (dweeby though they may be) had been planning this event. So he admits to having been aware of this, in the rant, and Playboy's charge is that there's some conspiracy here.

Anyway, consider us unimpressed by this. The whole thing is getting tired, but obviously it's okay to rant against bailouts and such until you start ranting against one that goes to help homeowners, in which case it's part of some paranoid rightwing plat to screw people. Yeah, that's it."
Mar 1, 2009 at 9:16 PM | Registered CommenterDailyBail

I got some sleep which gave me back some calm. You are obviously a thinker. I appreciate your comments. It really, really, really is just me with no support from anyone or anything. I started the blog on my own out of frustration with the bank bailouts. Not the auto bailouts, not a potential future mortgage bailout, not the stimulus.

I'm in the financial markets everyday so I was acutely aware of the size of the toxic balance sheet problem. I think we have at least $4 trillion MORE to spend on the banks and i wanted to have the site running in order to fight it effectively.

All the other ancillary bailouts are much less important both in size and scope. My original excitement about the tea party had nothing to do with the mortgage bailout. For me personally, the santelli tea party represented a symbolic protest against all the bailouts and the accumulated debt.

Hopefully, this explains more clearly why I was so supportive. Also, I have been a fan of Santelli's actual reporting for years. Santelli gives more information, more succinctly and quickly than other TV analysts. Some think he's confusing, because of the sheer volume of info he offers. Me, I love his reports and that he can stick 15 pieces of knowledge into a 90 second spot.

If you hang out here, you will see I'm not usually a hothead and that the debate is rational and helpful.
Mar 1, 2009 at 9:33 PM | Registered CommenterDailyBail
I will be more attune to political overtones in the future. When I posted all the Santelli stuff originally, there were no politics involved on my part, on my honor. The call for general revolution is what I heard and was responding to, not a call against the mortgage bailout.

People hear what they need to hear I suppose, and I fell into that trap. But it has become obvious to me that for many people Santelli is political before anything else. And to me he is a financial reporter before anything else.

I think part of my dis-connect in this area is due to the fact that I don't watch political shows, of any sort. I gave up on following politics closely 15 years ago in my mid 20s when I realized both sides were similar failures. So I was not aware that Santelli is identified through Kudlow as an active conservative.

Simply put, I didn't know he was such a lightning rod for some of you and so I should have presented him with more care.

Lesson learned.
Mar 1, 2009 at 11:41 PM | Unregistered CommenterDailyBail

I admire your intensity. I suggest, if you already haven't, that you read Roger Lowenstein's, "When Genius Failed: The Rise and Fall of Long-Term Capital Management," or, "Origins of the Crash: The Great Bubble and Its Undoing." An avowed capitalist with a long career at the Journal (pre-Rupe) and an ability to present the entire picture in an understandable, logical manner, Lowenstein's books of five and 10 years ago will tell you everything, and offer you every reason, for why we are where we are today.

As for Santelli, he's just working for the man and trying to land a new contract. Expect (a) CNBC to realize that they've been taken on this Astroturf scam, which won't bother CNBC but will infuriate GE and lead to his ouster, (b) Murdoch-Ailes to pick him up for a gig with Cavuto on their struggling FOX Biz Network, and (c) Bernie Goldberg to come out with some sort of screed claiming that Bobby Gibbs, by referring to Rick by name during the press conference of recent days, was actually telling the anti-Conservative, socialist/communist/Marxist/fascist space aliens controlled by Obama, the liberals, the mainstream media, and George Soros to kill Santelli, his family, and the West Bank settlements in Gaza.
Mar 1, 2009 at 11:57 PM | Unregistered CommenterMark

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