CNBC Finally has a non-Gasparino Sober Story on Naked Short Selling
24 May 2008 by Patrick Byrne
In early November, 2006 CNBC finally manages to air a simple, straightforward report on the issue that I had fought to bring to their attention, without deriding it as being about me, Overstock, how many toasters we sold at Christmas and at what margins, etc.
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Charles Gasparino Speaks Plain Truth, Dan Colarusso Prevaricates, & Becky Gets the Joke, CNBC Follows
24 May 2008 by Patrick Byrne
Charles Gasparino reported on an upcoming Senate Judiciary Committee hearing to which he, evidently, had been invited to offer guidance. Dan (“We have buckets of ink and barrels of cash to crush them”) Colarusso serves his normal obfuscatory function by confusing the legal act of shorting with the illegal act of naked shorting, spinning and [...]
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Charles (“Charlie”) Gasparino, CNBC, April 26, 2006
24 May 2008 by Patrick Byrne
On April 26, 2006 Charles Gasparino delivered this story regarding SEC Chairman Chris Cox’s testimony to the Senate Judiciary Committee. As a prefatory comment, however, I should note that as far as I can tell, Charles Gasparino is the only honest reporter at CNBC (Donny Deutsche is honest but he is not a reporter, and [...]
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CNBC, My Celebrated SEC Subpoena, and Fluffy. And a Dog.
24 May 2008 by Patrick Byrne
Herb Greenberg (“The Worst Business Journalist in America”) appeared on TV with his fluffy dog to criticize my recent announcement that I celebrated receiving an SEC subpoena. In that press release I had written, “I may be the first CEO in history to celebrate receiving an SEC subpoena.” Herb thought this was outrageous, and said [...]
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With No Evident Irony, CNBC Wonders Why 60 Minutes Covers Story – March 2006
24 May 2008 by Patrick Byrne
Having done everything they could to twist, distort, and suppress the story, in late March, 2006 CNBC wonders with faux innocence why 60 Minutes would be picking up the story.
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Becky Quick Bickers Quickly but Blithely Fails to Follow
24 May 2008 by Patrick Byrne
Becky Quick invited me on CNBC. I expected another CNBC spin-job and was not disappointed. Becky began with a half-truth about an Overstock accounting restatement, failing to mention that it was a restatement up (in other words, Overstock’s auditors had decided that Overstock had kept its books too conservatively – I am not sure if [...]
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Herb Greenberg, The Worst Business Journalist in America, on the Conspiracy
24 May 2008 by Patrick Byrne
Herb Green goes into a flop-sweat over his SEC subpoena.
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Jim Cramer Discusses Subpoena with Herb Greenberg, the Worst Business Journalist in America
24 May 2008 by Patrick Byrne
In February, 2006, Herb Greenberg joined Jim Cramer in spinning their SEC subpoenas, and Jim discards his casually. What they do not mention is that upon receiving his subpoena, Jim Cramer had immediately begun selling large amounts of TheStreet.com, without informing the public of his subpoena (according to his own lawyer, Jim Cramer had never [...]
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Dave Patch Keeps It Simple: “OK, then just settle the trades”
24 May 2008 by Patrick Byrne
On October 14, 2005, CNBC began covering the implosion of of Refco, a broker-dealer which was under criminal investigation for its involvement in naked short selling. With admirable aplomb, Patch met the spinning and downplaying with a simple statement: “OK, then just settle the trades.”
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Smarmy Jeff Mathews Helps CNBC Refine the Cover-up
24 May 2008 by Patrick Byrne
In the week after the Miscreants’ ball call and that day’s interview with Ron Insana, I was invited to appear to debate Jeff Mathews. Jeff is a deacon in his church and a four-flusher who published atrociously false statements about a female co-worker of mine (statements which Deacon Mathews quietly made disappear, without apologizing, once [...]
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