Blog — Federal Agencies

October 02, 2014

Why Did Comments Critical of TheStreet.com and Adam Feuerstein Disappear?

By CREW Staff

Last weekend, the Washington Post’s Steven Pearlstein published a column on short sellers and how they have “contributed to turning financial markets into a giant casino which is easily rigged for the benefit of insiders.” The column described the travails of Northwest Biotherapeutics (NWBO), a cancer drug treatment company that has seen its stock price fluctuate as it has been targeted by short sellers. Building on a letter sent by Citizens for Responsibility and Ethics in Washington to the Securities and Exchange Commission in July regarding possible illegal manipulation of the company’s stock price, Mr. Pearlstein highlighted the role of Adam Feuerstein, a biotech columnist for TheStreet.com. Mr. Feuerstein’s “relentlessly negative blog posts” about NWBO have curiously “coincided with the spikes in short trading” of the company’s stock, noted Mr. Pearlstein.

On Tuesday, Janet Guyon, editor-in-chief for TheStreet.com, called on the Post to retract Mr. Pearlstein’s article, labeling it “a hatchet job” that “falsely implies that our reporter is guilty of securities fraud.” She also accused Mr. Pearlstein of concealing facts from his readers and knowingly making false claims.

More intriguing than Ms. Guyon’s defense of Mr. Feuerstein, however, is what happened below her article. Several readers left comments praising Mr. Pearlstein’s piece while criticizing Mr. Feuerstein’s arguments and Ms. Guyon’s letter. By mid-afternoon on Tuesday, however, readers began complaining that comments critical of Mr. Feuerstein or TheStreet.com had been deleted:

The numerous deletions suggest TheStreet.com, while quick to criticize the Post, can’t handle criticism of its own reports.

Robert Shireman’s Continuing Efforts To Influence Education Policy

Still facing an Inspector General investigation, Robert Shireman is now facing questions about the terms of a deal he made with the Department of Education. Read More ›

A Pyrrhic Victory for the VA

While at first blush this may seem like a victory for the VA, in fact it is not. Read More ›

Freedom Partners Makes Things Even More Complicated

The financial nerve center of a network of secretive politically active nonprofit groups linked to the Koch brothers has filed a new tax return that provides some tantalizing clues to its activities during the current election cycle. Read More ›

New Models’ Legacy of ‘Dead End Disclosure’ Lives On with Allied Groups

Nonprofit organization New Models, best known for being an early practitioner of dead end disclosure, illegally spent 70 percent of its 2012 budget on politics. Read More ›

Publish the Constitution Annotated As Data

On Constitution Day, CREW asks the Library of Congress and the Government Printing Office to publish an updated version of the constitution as interpreted by the Supreme Court. Read More ›

Federal Election Commission’s Failure to Act Leaves Murray Energy Employees Vulnerable

Two years have passed since CREW filed a complaint with the FEC alleging Robert Murray of Murray Energy illegally coerced employees to contribute to the company's PAC, yet the FEC has failed to respond. Read More ›

© 2014 Citizens for Responsibility and Ethics in Washington, all rights reserved.
• 409 7th St. NW • Suite 300 • Washington, DC 20004 • 202-408-5565 •


Citizens for Responsibility and Ethics in Washington®, and the
“CREW | Citizens for Responsibility and Ethics in Washington” wordmark are registered trademarks.