Warren Buffett,apologist for Utah Overstock.com Patrick Byrne,Senator Bennett stock fraud (tags)
Mr. Buffett acknowledged that he has a "friend" who is very concerned with naked short selling, a reference to Patrick Byrne, the chairman and chief executive of Overstock.com, an online "close-out" retailer. He said that while the many companies that attract a lot of interest from short sellers "very often" are later revealed to be frauds, he noted that "The one my friend runs is not at all." Mr. Buffett and Mr. Byrne go back a long way; Mr. Byrne's father, Jack Byrne, was long-time head of Geico, Berkshire's automobile-insurance subsidiary. - from Wall Street Journal
U.S. SEC to develop journalist subpoenas policy (tags)
All of this is in reponse to and a knee jerk reaction to Overstock.com 's Patrick Byrne who claims he is being attacked and 'naked shorted' by WSJ journalists Carol Remond and Herb Greenberg who are in the employ of a 'Sith Lord' as far as I can tell! I do admit I am confused. But then again I'm not a professional anything, just a defrauded investor.