Leftwing blogger Jerome Armstrong, of the MyDD blog, who also is co-author of a recent book on "people power" with Markos Moulitsas of DailyKos, has agreed to pay a hefty fine to the of about $30,000 to the Securities and Exchange Commission to settle allegations "that Armstrong touted the stock of a software company, without disclosing that he was being paid to do so."
Roger L. Simon says its a big credibility hit for the Lefty "netroots."
Now, as we all know, sleaze and corruption are not unique to either side of the political spectrum. But Armstrong, Kos & their netroot cronies have made a big deal out of clean government (and they should). So this kind of allegation speaks even more deeply to their ethics, as it it would for anyone in that position.
Moreover, this behavior, if true, besmirches blogging in general, harming all of us who take this enterprise seriously as a criticism of the activities of mainstream media.
Between illegal stock touting and celebrating the deaths of American contractors in Fallujah, Kos and Armstrong don't impress me. The Democratic elites love 'em, though.
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