Jim Cramer is a Complicated Man

28 March 2008 by

I would rather try describing what an oyster tastes like than try to analyze Jim Cramer. For the sake of the integrity of my story, however, analyze him I must. I will confine myself to two prefatory comments:   1) Jim is a complicated man. I say this neither to excuse nor condemn him. Instead, [...]

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Posted in The PlayersComments (5)

Michael Steinhardt – “When the Bad Guys Came to Town”

12 March 2008 by

I feel the same strange admiration for Michael Steinhardt as one would for an old mobster sitting in a Tucson retirement home playing canasta. Steinhardt slipped through minefields that destroyed others, and for that alone he should be beyond cheap shots now. However, without telling Steinhardt’s story there is no way for me to make [...]

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Posted in The PlayersComments (1)

Come on Folks, You’re Better Than That

11 March 2008 by

Much though I welcome comments, I am bothered by posts from a few readers who bring ethnicity into the equation. These comments seem hateful to me. I want to explain a deep financial crime that is harming our country, but sadly, some seem unable to comment on it without discussing the Jewish ethnicity of some [...]

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Posted in The Deep Capture CampaignComments (1)

Tim Mullaney and Patrick Byrne Discuss Web 2.0 (BusinessWeek)

08 March 2008 by

What is “Web 2.0″? In the Web 1.0 world, big corporations feed you products: Sears feeds you toasters, NBC feeds you sit-coms, The New York Times feeds you information to believe. The Web 2.0 world is radically different. It is not about big corporations feeding you stuff, it is about peers creating things for each [...]

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Posted in Deep Capture the DataComments (1)

The End of the World as We Know It

15 February 2008 by

I will begin this preamble to the subject systemic risk with two quotes from Warren Buffett (by quoting him I do not mean to imply his support in these efforts of mine): Of excess leverage in the system, Mr. Buffett has said, “No one knows who’s been swimming naked until the tide goes out.” Mr. [...]

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Posted in Unsettled Trades & Systemic RiskComments (3)

Political Campaigns and Overstock

13 February 2008 by

We often receive political complaints at Overstock .  I am posting this so that in the future, when customer service agents get harangued by people angry about statements they believe are being made by our decision to advertise certain places or carry certain products or sell certain books, music, or magazines, those agents can just send a [...]

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Posted in Take 5 With Patrick - Essays on Unrelated SubjectsComments (41)

NEWSFLASH – A Secret Revealed

12 February 2008 by

There is something that I have permission to divulge, but have refrained from doing so. As you will see, there are reasons I must do so now. There are among the Bad Guys some with conscience. Months ago, one from within the network of Bad Guys got in touch with me and turned over 8,000 emails from [...]

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Posted in The Deep Capture CampaignComments Off

The Simple, Literal Explanation

11 February 2008 by

The “St. Smallcap” example conveyed the dynamics of the manipulation, but it was only a metaphor. This blog will provide an explanation whose truth is more literal. You and I enter a stock trade. You buy a share of stock from me.  You hand over your money, and I hand over the share of stock. [...]

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Posted in The Crime: "Naked Shorts" & Other Insincere IOUsComments (3)

Why Are Fortune Magazine and the New York Financial Media Suddenly Pimping Sam Antar the Crook?

09 February 2008 by

I will briefly recount the sordid history of Sam Antar the Crook. Then, and only then, will the reader grasp the import of the question, “Whose interests are being served by the recent promotion of Sam Antar the Crook? Why him, why suddenly, and why now?” 1. In the 1980′s a New York electronics retailer [...]

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Posted in Journalists Tried to Be Players But Became PawnsComments (2)

“On any other day, that might look strange.” – Nicholas Cage, Con Air

29 January 2008 by

From: Sam E. Antar [mailto:sam@whitecollarfraud.com] Sent: Monday, January 28, 2008 7:22 PM To: Patrick Byrne Cc: israelk@sec.gov Subject: Overstock.com Fourth Quarter Fiscal Year 2007 Earnings Call Dear Mr. Byrne: This is in response to your email and post on the InvestorVillage Board (see below). At your third quarter fiscal year 2007 earnings conference call, you [...]

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Posted in Take 5 With Patrick - Essays on Unrelated SubjectsComments (1)

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