peHUB Second Opinion 9.28

Blogger with a Bullet: Who is Zero Hedge and how did his financial blog get so influential? NY Mag writes: “The nothing-can-be-believed chaos of the financial crisis created a golden opportunity for a blog run by a mysterious ex-hedge-funder with a dodgy past and conspiracy theories to burn.” (New York Magazine)

Rational Irrationality: The real reason that capitalism is so crash-prone, by John Cassidy. (New Yorker)

Not Everyone’s a Bull: “The party is over. The model is broken. Private equity is dead” (Telegraph)

About the Only Thing Going on in Secondaries Right Now: Stanford Management Co., which oversees billions of dollars in assets for Stanford University, has tapped Cogent Partners to gauge investor interest for a possible secondary sale of portions of its alternative investment portfolio. (Private Equity Beat)

Silent Partner: Deal Journal thinks that Twitter’s exclusion of Morgan Stanley from the list of venture capital firms it received funding from is a diss to Wall Street. (Deal Journal)

Trading Barbs: Nassim Taleb didn’t is not a fan of Ben Bernanke and Tim Geithner. “Bernanke, Geithner and Summers didn’t see the crisis coming so why are they still there?” he said, adding. Bernanke is like “a pilot who didn’t see a hurricane.” (Bloomberg)

Short Term Borrowing Rules: US financial regulators are working on new rules aimed at helping banks avoid the sudden funding withdrawals that doomed Bear Stearns and Lehman Brothers, officials say. (FT)

M&A: Time magazine for sale? (Reuters)