Skip to comments.Merrill Tries to Muzzle A Blogger, Chief Economist
Posted on 05/15/2009 2:59:52 PM PDT by FromLori
Lawyers for Bank of America's Merrill Lynch division are trying to muzzle a financial blogger who has published excerpts of economic reports which are honest and critical of the Obama administration, and its rosy forecasts about the global economy.
The U.S. government, through the Troubled Asset Relief Program (TARP), is now a major shareholder in Band of America.
According to an exclusive report on the financial blog The Big Money by journalist Paul Smalera, the online site Zero Hedge has published six posts in which it has cited a report by former Merrill Lynch chief economist David Rosenberg.
The reports were mostly bearish takes on the U.S. economy, and were written by a blogger who goes by the pseudonym of Tyler Durden.
Attorneys for Merrill Lynch sent cease-and-desist letters known informally as takedown letters claiming that Durden's copy violated the copyrights of Merrill Lynch.
The letters were written under the statutory authority of the Digital Millennium Copyright Act (DCMA), which, written in the late 1990s, empowered owners of intellectual property, mostly record and movie companies, to go after alleged copyright violators without a court order.
Most interestingly, Smalera of The Big Money notes, financial journalists routinely write reports which have excepts from investment bank reports, even proprietary reports, and generally this is encouraged by the industry.
(Excerpt) Read more at moneynews.newsmax.com ...
>> The U.S. government, through the Troubled Asset Relief Program (TARP), is now a major shareholder in Ban[k] of America.
Hey, they’re just putting the “America” in “Bank of America”, right?
As their competitor says, “What’s in your wallet?” Well, a little less, after handing a chunk of it over to bail out Lewis and his rag-tag band of incompetent bumblef**ks.
Rosenberg quit last week, he’s not even a ML emploee anymore.
I loved reading his stuff, he was so right these past few years.
Is Obama reaching out through Merrill to get this guy muzzled? In my opinion, all these big tarp banks are untrustworthy now, and have to be viewed as conduits for the reach of Fedzilla.
The scariest part of all this is the natural corruption. Government is not neutral.
These companies, GE comes to mind, are working for their payout, which comes from you and me. This is fascism and most Americans are sleepwalking through it.
Facsim 101: Squash all criticism and bad news. The 5 year plan will be met next year! The workers’ productivity is up 100%! All are happy!
I wonder if this is the same Tyler Durden that posts at Crooks and Liars. I piss him off a lot. Probably not, he’s not that smart.
I wonder if it’s the same Tyler Durden who poss on the boards at FanHome (a sposts site with a political board.)
If so, he is well known around that board for calling Ambassador Alan Keyes “not a human being at all.” Jeez, at lesat the slaveholders put their slaves down as 3/5 of a person.