Kossack-in-Chief Armstrong Former Crooked Stock Tout?

The New Republic has a short piece tying a tin can to the tail of bow-wow lefty blogger Jerome Armstrong, now head of Mark Warner's on-line operations for '08. TNR
quotes Chris Sullentrop of the firewalled NYT as saying:

"some people . . . compare the blog boomlet they helped create for Dean to the work of online bulletin-board posters who touted dodgy Internet stocks during the boom market without disclosing that they were being paid for their words."

"Which, interestingly, is precisely what the Securities and Exchange Commission, in court documents filed last August, alleges that Jerome Armstrong did in 2000. (The original S.E.C. complaint is here.) In a subsequent filing, the S.E.C. alleges that "there is sufficient evidence to infer that the defendants secretly agreed to pay Armstrong for his touting efforts" on the financial Web site Raging Bull."

"Without admitting or denying anything, Armstrong has agreed to a permanent injunction that forbids him from touting stocks in the future. The S.E.C. remains in litigation with him over the subject of potential monetary penalties."

LGF quotes the New York Post extensively using strong language against Kos and his manic rabid pitbulls.

Looks like the payback to Armstrong from his many enemies in the financial and political online communities is going to be fast and furious.