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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

DEBATEGATE: LEAKED CBS MEMO SHOWS BIAS AGAINST BACHMANN

Wow.

In response to the leaked email, Bachmann’s campaign released this statement:

“The liberal mainstream media elites are manipulating the Republican debates by purposely suppressing our conservative message and limiting Michele’s questions,” said campaign manager Keith Nahigian. “We need to show the liberal media elite that we won’t stand for this outrageous manipulation. Help us fight this affront by sharing this with your friends.”

A CBS spokesperson released a statement to Fox News stating: “It was a candid exchange about the reality of the circumstances — Bachmann remains at 4% in the polls.”

Congressman Ron Paul’s team was also upset with the lack of air time during the CBS debate.

“CBS’s treatment of Congressman Paul is disgraceful, especially given that tonight’s debate centered on foreign policy and national security,” wrote Gary Howard, Paul’s national campaign chairman. “Congressman Paul was only allocated 90 seconds of speaking in one televised hour.”

“CBS News, in their arrogance, may think they can choose the next president,” Howard said. “Fortunately, the people of Iowa, New Hampshire and across America get to vote and not the media elites.”

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Fuck McDonald’s: The McRib is Made From Shit

In 1972, Roger Mandingo, a University of Nebraska professor, received a grant from the National Pork Producer’s council to develop a technology that bound small “umarketable parts of the animal” into a formation that looked more appetizing. In other words, he figured out how to mold tripe, heart or stomach bits into something that looked like a choice cut of meat. Let’s say, the ribs.

Full article

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$GSVC Current Investments

Current Portfolio as of 9/30/11

Our investment portfolio consists of companies that we believe represent the “megatrends” that have the potential to drive the market in the decades to come. GSV invests in companies that combine what we believe are powerful technological, economic and social forces that create growth opportunities in the economy. At the end of the third quarter 2011, GSV’s portfolio included investments in the following companies: Bloom Energy Corporation; Chegg, Inc.; Facebook, Inc.; GILT Groupe, Inc.; Groupon; Kno, Inc.; PJB Fund LLC (loan linked to the value of Zynga, Inc.); Serious Energy, Inc.; SharesPost, Inc.; Silver Spring Networks, Inc.; TrueCar, Inc.; Twitter, Inc.; and ZoomSystems.

Financial Results
September 30, 2011
Total Investments $41,389,584
Total Cash $32,098,207
Total Assets $73,715,970
Total Liabilities $527,941
Net Assets $73,188,029
Net Asset Value Per Share $13.26
For the three months
ended September 30,
2011
For the period from
January 6, 2011 (date of
inception) to
September 30, 2011
Total Investment income $ 53,408 $ 53,408
Net Investment Loss $ (680,088) $ (1,356,201)
Net Change In Unrealized Depreciation on Non– Control/Non-Affiliated Securities $ (494,170) $ (553,804)
Net Decrease in Net Assets Resulting From Operations $ (1,174,258) $ (1,910,005)
Net Decrease in Net Assets Resulting From Operations Per Average Share ([1]) $ (0.34) $ (0.78)
(1) Weighted average common shares for the period from January 6, 2011 (date of inception) to September 30, 2011, was calculated starting from the issuance of 100 shares on February 28, 2011. Weighted average common shares were 3,430,100 and 2,460,565 for the three-month and since inception periods,

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S&P: France Has Not Been Downgraded

“As a result of a technical error, a message was automatically disseminated today to some subscribers of S&P’s Global Credit Portal suggesting that France’s credit rating had been changed. This is not the case: the ratings of France remain AAA with a stable outlook, and this incident is not related to any ratings surveillance activity. We are investigating the cause of the error.”

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Worst Performing Financials

No. Ticker % Change Sector
1 MKTG -20.71 FINANCIAL
2 ING -11.96 FINANCIAL
3 HMPR -10.18 FINANCIAL
4 AEG -8.82 FINANCIAL
5 DB -8.78 FINANCIAL
6 BCS -8.55 FINANCIAL
7 DGIT -8.53 FINANCIAL
8 RDN -8.53 FINANCIAL
9 OCN -8.25 FINANCIAL
10 HBC -8.04 FINANCIAL
11 CS -8.03 FINANCIAL
12 PNSN -7.76 FINANCIAL
13 LMLP -7.56 FINANCIAL
14 STD -7.25 FINANCIAL
15 ENOC -7.08 FINANCIAL
16 BBVA -6.99 FINANCIAL
17 UBS -6.90 FINANCIAL
18 LIME -6.87 FINANCIAL
19 PUK -6.80 FINANCIAL
20 NBG -6.44 FINANCIAL
21 LYG -6.35 FINANCIAL
22 MS -6.29 FINANCIAL
23 ETFC -6.27 FINANCIAL
24 NCT -6.14 FINANCIAL
25 Z -6.09 FINANCIAL
26 JEF -6.03 FINANCIAL
27 CRD-B -5.72 FINANCIAL
28 RF -5.71 FINANCIAL
29 DRL -5.51 FINANCIAL
30 IRE -5.50 FINANCIAL
31 GRNB -5.47 FINANCIAL
32 LNC -5.47 FINANCIAL
33 KB -5.43 FINANCIAL
34 TAOM -5.28 FINANCIAL
35 JNS -5.26 FINANCIAL
36 PFG -5.25 FINANCIAL
37 MTG -5.21 FINANCIAL
38 PRU -5.19 FINANCIAL
39 PL -5.13 FINANCIAL
40 STI -5.10 FINANCIAL
41 UVE -5.07 FINANCIAL
42 LABL -5.07 FINANCIAL
43 SHG -5.05 FINANCIAL
44 TPGI -5.04 FINANCIAL
45 MET -5.02 FINANCIAL
46 AAT -5.00 FINANCIAL
47 LAZ -4.92 FINANCIAL
48 COWN -4.91 FINANCIAL
49 IBN -4.91 FINANCIAL
50 OZM -4.90 FINANCIAL

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