As I’ve described in the past, the Investor Village message board–a disgraceful vehicle for misinformation during the subprime lending crisis–has distinguished itself in the cause of investor poverty.
It was a prime sounding board for perpetrators of the Novastar Financial subprime lending disaster, allowing investor hype to run rampant (as in this notorious post), to the point of drawing media attention. It was a forum for cyberstalking by Overstock.com’s nauseating p.r. director Judd Bagley.
It’s so bad, it’s almost comical–and it’s getting worse.
