Alessio Rastani – Fact or Fiction, Reality Bites

BBC”s “˜Goldman Sachs Rules the World” Trader: Hoax or Our Worst Nightmare? [Updated]
New York Magazine
by Joe Coscarelli
September 27, 2011

A trader by the name of Alessio Rastani told a shocked BBC News reporter yesterday, “The governments don’t rule the world, Goldman Sachs rules the world.” He warned, “The savings of millions of people are going to vanish,” and said viewers should “get prepared” because the “economic crisis is like a cancer, if you just wait and wait thinking this will go away, just like a cancer it’s going to grow and it’s going to be too late.” He added, “I have a confession: I go to bed every night and I dream of another recession, I dream of another moment like this.” Such frank (psychopathic?) language earned Rastani attention from news outlets like the Huffington Post, the Guardian, and the Daily Mail, but the chatter on Twitter is crying hoax. (Update: It appears to be legit! See below for more info.)

BBC Business Editor Robert Peston wrote this morning on Twitter, “BBC (& I) may have been hoaxed by YesMen,” referring to the culture jamming group that touts itself as, “impersonating big-time criminals in order to publicly humiliate them. Our targets are leaders and big corporations who put profits ahead of everything else.” Peston and the Internet’s doubters pointed to this Yes Men stunt, which features a fake Dow Chemical spokesman who bears some resemblance to Rastani, the trader.

Peston has since defended the BBC guest: “We spoke to the trader again this morning, & as far as we can tell he is a genuine independent trader, not a member of YesMen.” Continue reading “Alessio Rastani – Fact or Fiction, Reality Bites”

The Yes Men Interviewed

Meet the Yes Men, the Political Satirists Who Punked GE
The Atlantic
April 22, 2011

A conversation with the more than decade old group that delights in mocking the powerful by pretending to be them

General Electric likes their tax rate low, according to CEO Jeffrey Immelt. Very low. Despite $5 billion in profit last year the company paid no income tax and received a $3.2 billion tax benefit, according to The New York Times. Which is less than low: It’s taxpayer padded.

Then Immelt was tapped to be an outside economic adviser to the Obama administration, which has been decrying low tax rates for companies and the rich.

Very embarrassing. Continue reading “The Yes Men Interviewed”

GE Returns Billions to Public… NOT

Submitted by Carl Gibson of US Uncut:


GE Returns Billions to Public… NOT
April 13, 2011

USA Today, AP fall for US Uncut ploy; GE stock loses billions

Washington, DC – US Uncut, a burgeoning grassroots movement pressuring corporate tax cheats to pay their fair share, posted today a fake GE press release announcing that they would return their illegitimate (but legal) $3.2 billion tax refund, and that they would lobby to close the sort of corporate tax loopholes that had allowed them to skip taxes in the first place. Several major media outlets, including USA Today, ran the story as true. (Here is a link to the original USA Today story; here is the first article debunking the release.)

US Uncut quickly reacted with another release pretending to praise GE for this entirely unpredictable, unlikely, and in fact impossible act.

“This action showed us how the world could work,” said US Uncut spokesperson Carl Gibson. “For a brief moment people believed that the biggest corporate tax dodger had a change of heart and actually did the right thing. But the only way anything like this is really going to happen is if we change the laws that allow corporate tax avoidance in the first place.”

In the period the hoax was believed, GE’s stock plunged by .6% (far more than the value of the supposed return), then quickly recovered as soon as it became apparent the press had been duped. “Obviously, GE can’t possibly be expected to do the right thing voluntarily; their stock would keep plunging,” noted Gibson. “That’s why we must change the law.” Continue reading “GE Returns Billions to Public… NOT”

French Haiti Reparations Hoax Cloaked in Mystery

July 19, 2010 Updates:

  • Faux French Foreign Ministry Explains Prank by Robert Mackey, NY Times Lede blog
  • Link to the perpetrators CRIME (in English and French), as their original Web site mysteriously disappeared from their .fr domain last Friday, which the French government apparently controls.

  • Twitter Communiques From Fake French Foreign Ministry on Haiti Hoax
    by Robert Mackey
    The Lede Blog, NY Times
    July 16, 2010

    A group calling itself The Committee for the Immediate Reimbursement of Funds Taken From Haiti took credit on Friday for an elaborate hoax carried out this week in which an actor pretending to be a spokesperson for the French government announced that France would reimburse Haiti money it was forced to pay in exchange for its independence in the nineteenth century.

    As The Lede explained on Thursday, the fake announcement was posted on a near replica of the French foreign ministry”s Web site on Wednesday in both video and text form.

    In an update posted on a Twitter feed established this week, in the guise of France”s foreign ministry, the group, using the French form of its name, announced:

    Continue reading “French Haiti Reparations Hoax Cloaked in Mystery”

    The Yes Men: Dow Throws a Party, Mainly Zombies Show Up

    From The Yes Men, April 19, 2010:


    Dow Throws a Dismal Party, Few Attend

    On Sunday April 18th, 2010, Dow Chemical sponsored the “Dow Run For Water” in cities around the globe. The event was shut down in London and Stockholm due to protests, but not in New York, where protesters were faced by an army of Yes Men posing as Dow Chemical public relations spokespeople.

    http://www.babelgum.com/embed/5002385

    More information and images here and here.