Mainstream Media VS. Bloggers

What do these two have in common??
(Hint, it's not the tan)



Angelo "Angie" Mozilo
(CEO Countrwide Financial)

Robert "The Grenader" Genader
(CEO Ambac Financial Group )

There are some bloggers out there who are good at blogging. Then there are others out there who are so amazing that they deserve their own TV channel. Michael "Mish" Shedlock is one of those bloggers who deserves his own cable TV channel, maybe even his own network. He broke a story today on insider selling at ABK (he was also early on the case of CFC). It always seems like Mish is first on the case.

Stories like these me scratch my head and wonder why places like the WSJ do not pick this stuff up. These are clearly violations of Sarbanes-Oxley insider trading laws. Those laws were put into place to avoid what happened at Enron. It seems like dozens of Enron's are popping up everywhere.

This blog author is credited with the addendum.

Link to article:

http://tinyurl.com/3ahzeb
Ambak Financial