This question is an exact duplicate of:
I just tried to comment multiple times on "November 2011 Moderator Election: Town Hall Chat (scheduled)".
The intended comment was to be rendered as:
not "maderator nominations"
But instead, it was rendered as:
not "m**a**derator nominations"
I also tried the following variants, with no effect (rendered as you see here):
not "m*a*derator nominations" not 'm**a**derator nominations' not 'm*a*derator nominations'
Note there were other posts about similar behavior, but they were either marked as status-completed or were specific to placement of the bold/italics in relation to the quotes (usually right before/after them).