Clusterstock has reported that the Telegraph is to restore the article that Ambrose Evans-Pritchard wrote about one Mark Patterson, a distressed investor who used TARP funding to acquire a bank in Michigan, then said not-so-nice things about the program at a conference in Qatar. He apparently then complained to the Telegraph which yanked the piece while it investigated.
This of course is another example of how trying to fight a story when you don’t have the facts on your side only gets you in deeper doo-doo. Why do people never learn?
I did receive the single most unprofessional e-mail I have ever seen (as in coming from a firm, not a Nigerian scamster) from one Joele Frank, Wilkinson Brimmer Katcher, which may or may not be Patterson’s PR firm (it did not state its relationship to him). I ignored it. but the folks at Zero Hedge had a bit of sport with them, and I do hope they post the correspondence.