The above edits by Weiss were made (quite well, actually he stuck to the reliable source facts that suited him) that Manny Moreshorts was portrayed as only fined a small amount and barred only by them not for doing bad things with stocks, but for not paying their fines. Subtle work there Gary.
Here's the long relationship and manlove between "journalist" and "source".
http://www.google.com/search?q=%22gary+Wei...s=1239130168561
QUOTE
Another target of my investigation at CJR was a hedge fund manager named Manuel Asensio, who is tied closely to Gary Weiss. Asensio previously worked for First Hanover, a brokerage tied to the Mafia. He is a self-confessed naked short seller and has been fined for naked short selling infractions. He was also once a business partner of Kingsford Capital. That is to say, Kingsford and Asensio contractually agreed to attack public companies together. I think it’s safe to say that Asensio was close to Kingsford Capital at the time that Kingsford Capital delivered a bundle of money the Columbia Journalism Review.
http://www.deepcapture.com/new-evidence-ra...rnalism-review/
Kingsford Capital does not have a WP entry.
To get a feel for why Gary edited NSS the way he has for several years now, this from his yoda Manny Asensio in the popular press recently sums up the crooked-means-justifies-the-ends philosophy that crooked people construct to justify themselves.
Asensio on Bloomberg TV last year. Note he accuses "people that are manipulating the stock *UP*" justifies shorting non-existing shares and compromising the validity of supply and demand, not to mention voting rights, of stock shares. Gary spent most of his wikilife promoting the notion that it's pumping and dumping and not shorting and distorting which is the problem going on and shorting by any means necessary, legal or not, should be allowed to vigilante, profitably, for people like Asensio, Elgindy, and Weiss's other source friends.
QUOTE
“There should be no reason to borrow stock. One should be able to sell stock at will, regardless of whether the people that are manipulating the stock up are willing to lend it to short sellers…There is absolutely no economic reason why America should cause and force short sellers to borrow stock.â€