"Media executives thought they could be successful by serving the financial and political agendas of their sponsors, but the verdict is in. Americans refuse to waste their time on lies and incompetent reporting."
and " If in fact WaMu somehow became insolvent in such a short time after the public announcement of the official assessments by the OTC, someone from the OTS should face criminal charges due to incompetence for misleading shareholders.
But I knew there was much more to this. I knew it was even larger than the Bear Stearns heist. So I wrote up a brief summary of my findings in a complaint to the SEC which included what I believed to be clear signs of massive insider trading.
A few months later when I attempted to spill the beans, I emailed the SEC complaint to three reporters; reporters from the NY Times and Washington Post who I thought could be trusted to deliver the truth because they had exposed some mortgage fraud by WaMu. Boy was I wrong.
One reporter wrote it off as a “half-baked conspiracy.” He even made mention of the lack of credibility regarding the tip I received from journalist who was told the seizure was politically motivated, without bothering or caring to verify it.
I told him I had the name and contact number of the reporter, but for some strange reason, he wasn’t interested. As you might imagine, this reaction, which I deemed to be unprofessional, unappreciative and disrespectful, was dealt with appropriately. I basically put him in his place as you might imagine. " from the 2nd page.
This writer doesn't have an inner dialogue with himself about whether he is on trend, or people will be following him, or if enough other people agree with him to make what says true.