“Telling the truth is only
possible by accident through a special sort of
boastfulness…”
- Fyodor Dostoevsky, “The
Idiot”
Regular readers of Deep
Capture are aware that we have sought to expose certain
journalists who seem to serve the interests of a network of market
miscreants, many of whom are tied to the famous criminal Michael
Milken or his close associates.
One of these journalists is Roddy
Boyd, who worked at the News Corporation's (NWS) New York Post
before moving to Time Warner Inc's Fortune magazine (TWX). It has come to
our attention that Roddy has left Fortune. The magazine did not
return a phone call seeking comments on the circumstances behind
his departure, but whatever those circumstances might be, it seems
fit to honor his departure by publishing an excerpt from a book
called “House of Cards.”
In this book, which is written by a Wall Street insider named
William Cohan, Roddy is quoted at length, and one particular
passage stands out for being quintessentially Roddy. While you are
reading the passage, keep in mind that I spent a number of hours
talking to Roddy some years ago, and can report that he has a
manner of speaking that is similar to what Dostoevsky called
“a special sort of boastfulness” –which is to say
that Roddy likes to stroke his own back, and in so doing, he often
rambles in such a way as to unintentionally admit to his own
buffoonery, or to some form of miscreancy on the part of his
favorite Wall Street sources.
In this passage, Roddy tells the story of certain communications
he had with Tom Marano,…