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Wednesday, August 09, 2006

Darkside of the Looking Glass


Darkside of the Looking Glass

Here is a podcast on naked shorting selling. Patrick Byrne, CEO of Overstock.com, wrote and narrated this presentation in order to give momentum to the market reform movement. His lecture stresses the "failure to deliver" loophole currently being abused by iniquitous fund managers and brokers. He also highlights the failure of the SEC and DTCC to corral these questionable transactions. I find it ironic that the government agency created to protect the rights of small individual investors is the same devil protecting these fund managers.

The presentation is about 1 hour 20 minutes long.

http://www.businessjive.com/nss/darkside.html

P.S.
Patrick Byrne has publicly waged war on the SEC...Maybe he should focus all his energy on running OSTK and stop blaming the shorts for the fall of his company's stock.

Packy

1 Comments:

At 9:31 AM, Anonymous Patrick said...

"Maybe he should focus all his energy on running OSTK and stop blaming the shorts for the fall of his company's stock."

This is a lie. I never have "blamed" anything about Overstock (including its share price) on naked shorting.

When someone accuses you of lying like this, you have three choices: produce an example, apologize, or slink away like a coward. My money is on your taking Door #3.

Patrick

 

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