Stansberry Defends His Bigoted Slurs

This is actually a few months old but I totally missed it at the time. Remember Porter Stansberry, the right-wing con man who sends emails to wingnuts selling his fraudulent financial advice? Turns out he likes using bigoted slurs too and thinks it’s “fucking bullshit” that anyone would criticize him for it. Because — of course — he has lots of gay and black friends!

In addition to using the conservative media to promote his apocalyptic anti-Obama financial messages, Stansberry writes a column for WND, and hosts his own online radio program. On a recent edition of the program’s “premium” “black label show,” which was brought to Media Matters’ attention by an unhappy Stansberry subscriber, Stansberry discussed race, sexual orientation, and slurs in society.

Stansberry began the April 30 discussion by saying some people have a problem with him using the anti-gay slur “fag” and “that’s so ridiculous because I’m friends with lots of gay people and they have no problem with the word ‘fag.’ But it’s probably like if you’re a black person, then you’re allowed to say the word ‘nigger.’ But if you’re not a black person [you can’t] … that is a bunch of fucking bullshit.”

Stansberry explained that “you can totally tell when someone is using the word ‘fag,’ in terms of hate, and you can totally tell when someone is using the word ‘nigger,’ in terms of joy or friendship.”

As an example, Stansberry said he grew up with an “Asian kid” whose “nickname was nigger,” and “everyone called him nigger … It was hysterical … I still call him nigger to this day.”

Gosh, I’ve never heard that excuse before.

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  • raven

    Agora, Inc., Pirate Investor, LLC and Frank Porter Stansberry …

    https ://www. sec.gov/litigation/complaints/comp18090.htm‎

    Defendants engaged in an ongoing scheme to defraud public investors by disseminating false information in several Internet newsletters published by … Defendant Frank Porter Stansberry is a Maryland resident. …. Salt Lake City, Utah 84144

    You don’t want to forget Frank Porter Stansberry. You do want to remember to stay well away from him.

    He was once charged with fraud by the US SEC. Which says a lot since the SEC is about as proactive at doing their job as a tree stump.

  • matty1

    As an example, Stansberry said he grew up with an “Asian kid” whose “nickname was nigger,” and “everyone called him nigger … It was hysterical … I still call him nigger to this day.”

    So basically you’re admitting to not having grown out of being a school bully?

  • busterggi

    “Stansberry explained that “you can totally tell when someone is using the word ‘fag,’ in terms of hate, and you can totally tell when someone is using the word ‘nigger,’ in terms of joy or friendship.”

    Stansberry – you’re a flaming fascist asshole with pretentions of humanity – said with joy if not with freindship.

  • raven

    wikipedia FPS:

    SEC case[edit]

    In 2003, the U.S. Securities and Exchange Commission brought a case against Stansberry for a “scheme to defraud public investors by disseminating false information in several Internet newsletters.”[1][16][17] A federal court, upheld on appeal, found that Stansberry had sent out a newsletter to subscribers, predicting one company’s stock was about to soar. Stansberry maintains that his information came from a company executive; the court found that he fabricated the source.[1] The company’s stock price did increase for the reasons Stansberry had pinpointed, but about a month later than Stansberry had predicted.[1] In 2007, he and his investment firm, then called “Pirate Investor,” were ordered by a U.S. District Court to pay $1.5 million in restitution and civil penalties. The court rejected Stansberry’s 1st Amendment, saying “Stansberry’s conduct undoubtedly involved deliberate fraud, making statements that he knew to be false.”[16]

    All you need to know.

    Stansberry is also one of those end timers, peddling fear for money.

  • http://www.thelosersleague.com theschwa

    “…I still call him nigger to this day.”

    In his defense, the guy does nig for a living.

  • Phillip IV

    Gosh, I’ve never heard that excuse before.

    To Stansberry’s credit, while the “friends” argument is pretty well-worn, the “I have an Asian friend who doesn’t mind when I call him nigger” variant has a sort of bizarre originality to it.