And now for some more Fatal Conceits… Welcome to Episode #80 of the Fatal Conceits Podcast. In today’s conversation, we talk with Edwin Dorsey, the man behind The Bear Cave newsletter. Edwin provides analysis, commentary, and curated links on the short world, focusing on corporate misconduct and malfeasance in companies in the $5-10 billion range. Over the course of 45 minutes or so, we talk about why the mainstream media continuously, almost reliably, misses the big stories when it comes to fraud and bad actors. Bonner Private Research is a reader-supported publication. To receive new posts and support our work, consider becoming a free or paid subscriber. Edwin also gives us his take on the crypto eco-system, and how it is much more intertwined with the US legacy banking system than most people realize. He lists 5 specific ways in which banks are potentially exposed… none of which inspire much confidence this will end well. Needless to say, this has potential knock-on effects for institutions that dove headlong into the crypto sphere without appropriate safeguards in place. Now that liquidity is drying up in the space, some of these banks are looking shaky to say the least... Finally, Edwin offered his insights on the way alternative media platforms, just like Substack, are helping to reshape the financial media landscape, particularly in the short world. Please enjoy this episode and, as always, feel free to share our humble podcast far and wide. The larger our audience, the more time we can spend putting into these episodes and the more guests we can feature for your listening and learning in the future. Also be sure to follow Edwin’s excellent research over at TheBearCave.Substack.Com and follow him on Twitter @StockJabber Cheers, Joel Bowman TRANSCRIPT: Fatal Conceits Ep #80 - Edwin Dorsey’s Bear Cave Joel Bowman:All right. Well, welcome back to another episode of the Fatal Conceits Podcast dear listener. As you know, it's a show about money, markets, mobs and manias. And this of course is our first show for the new year, for 2023. So, thanks for joining us. If you haven't already done so, please head over to our Substack page. You can find us at BonnerPrivateResearch.Substack.Com, and you can sign up there for our free newsletter, which covers everything from high finance to lowly politics and plenty more. I am delighted today to welcome a fellow Substacker to the show, Mr. Edwin Dorsey, who writes the very popular Bear Cave newsletter, which provides analysis, commentary, and curated links on all things short world that is leaping tall tales and exposing misconduct wherever he goes. You can check him out at TheBearCave.Substack.Com or follow him on Twitter. For those of you who are snooping around the little blue bird, his Twitter handle there is StockJabber. Edward, happy new year. Welcome to the show. Edwin Dorsey:Joel, thank you so much for having me on. I'm very excited to be here. Joel Bowman:Fantastic. We were just mentioning off camera, it looks like we've coordinated our uniform for the day. As you said, we can let the ideas speak for themselves and keep it simple. Let's start off with your take on how alternative media platforms, like Substack, that we're both enjoying right now, are moving the landscape, particularly for financial media and especially in an era where we see plummeting trust in traditional mainstream news outlets. Edwin Dorsey:It's been absolutely revolutionary. One great example I always like to highlight is my friend who writes the anonymous Doomberg newsletter that's focused on doom, gloom, finance, energy, all sorts of misconduct. And this is just a guy who started a publication and Twitter handle from nothing. And over the course of two years, he's built like a 200,000 person Twitter following. He's built a newsletter that is earning him over $3 million a year. I mean, these are huge, huge numbers that shows there's a real appetite for genuine, authentic takes on the