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FORBES BENDS OVER, PENENBERG STILL UPRIGHT by Oxblood Ruffin

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Oxblood Ruffin sez:
[From the Lubbock Bunker] Forbes Magazine - Wall Street's preferred gas bag manual - has bent over for the Department of Justice (DoJ) and cut a deal to hand over technology reporter Adam Penenberg to testify before a Federal Grand Jury. Penenberg has resigned his position with Forbes as a result.

Penenberg wrote an article in 1998 detailing the exploits of Slut Puppy and Master Pimp, who allegedly broke into the New York Times Web site and disabled it for nine hours. And now the DoJ has persuaded Forbes to bend over and pick up the soap in the shower so they can tunnel for more information.

Forbes lead shyster, Tennyson Schad - who has an even funnier name than the accused hackers - said that Penenberg was only being asked to confirm that his article was accurate. He would not be asked to give up his sources because the DoJ has made a deal with Forbes and they'd never, ever, break their word. Honest.

You don't need to be a garbage man to know when something stinks.

Given the lesser level of Constitutional protections in a grand jury, the DoJ could easily be setting Penenberg up. If they scrap their deal with Forbes, Penenberg could be forced to cough up his notes on the story, and the contents of his bowels for that matter. Penenberg says that he'll refuse to testify and has secured his own counsel, the son of William Rehnquist, former US Chief Justice of the Supreme Court. He feels strongly that testifying would ruin his career and impinge on his credibility as a journalist.

Good on you, Adam.

It's not hard to see where Forbes is coming from. Pimply hackers make news magnates look like fools; business people wouldn't care about Forbes playing footsie with the DoJ because they were only screwing over a bunch of punks. The CULT OF THE DEAD COW wonders if Forbes would take such a cavalier approach to journalistic integrity if Penenberg had been asked to hand over notes about, say, Steve Forbes failed Presidential bid? [You aren't suggesting hypocrisy here, surely? - Ed.]

The CULT OF THE DEAD COW applauds Adam Penenberg's stand to maintain his good name and professional integrity. Shame on Forbes.


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