Citizens On Patrol: The Blogosphere As Regulator

Najarian’s revelation was immediately followed by separate but equally incisive comments from some of the biggest and most influential market commentators out there. None of this was coordinated by a producer at CNBC nor was it orchestrated by the editorial staff at the Wall Street Journal.

Rather, it was an organic meme that spread around the financial web by means of Twitter, WordPress, Blogspot and Typepad.

The mainstream media picked up on this insider trading angle only AFTER the bloggers nailed it, at least from what I’ve seen based on the times of the articles and posts.

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