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To: bryedge

Are you going to give us a clue to what this is about?


3 posted on 09/19/2006 7:55:21 AM PDT by ansel12 (illicit sin holds a sway over their lives to the point where boldness begins to be craved.)
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To: ansel12
Patrick Byrne is the CEO of Overstock.com.

Investors who believe that Overstock.com is a lousy company shorted their stock, just as investors short the stock of every single company in the world every day.

Byrne didn't like people shorting the company's stock, so he sued them.

He is a paranoid megalomaniac, so he believes that he is incredibly powerful and incredibly hated - when in reality he has zero pull and is considered a joke.

6 posted on 09/19/2006 8:22:15 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: ansel12

If you do not know anything about the huge scandal of Strategic Naked Short Selling, being facilitated by the biggest banks in this country (JP Morgan Chase, Morgan Stanley, Goldman Sachs, RBC, UBS, Toronto Dominion, Daiwa,etc), I would first recommend that you educate yourself, especially if you own any stock.
The best quick read available is at the website of the National Coalition Against Naked Short Selling (NCANS).
http://www.ncans.net/intro%20to%20naked%20short%20selling.htm

I would recommend paying close attention to the section covering Systemic Risk.

While the prime brokers are making record profits, they are also paying record fines. These fines are little more than bribes to keep their exec's out of jail. The fines are not for simple "rule violations", but for OBSTRUCTION OF JUSTICE and FRAUD. But instead of turning the crooks over to the Justice Dept., the SEC collects a fine, relatively small to the profits made, and protects their "masters".


12 posted on 09/19/2006 11:48:54 AM PDT by bryedge
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