Litigation

Patrick Byrne?s delusions

By Tracy Coenen

More delusional talk from Patrick Byrne, CEO of POS Overstock.com. From Herb Greenberg at Marketwatch:

Speaking on the Fox Business Channel today to my friend Liz Claman, [Byrne] said:

?I think that there?s been an unhealthy collusion developed between certain short sellers and certain journalists. They center around your competitor, CNBC. I happen to know for a fact that there?s a fax machine in the CNBC offices where hedge funds send instructions and journalists sit around and take instructions.?

Liz quickly responded:

?Well I worked in CNBC and I never saw that fax machine.?

Of course she didn?t, because there is no such fax machine!

Why, oh why does Herb have to leave journalism? And why don’t I get those special faxes from the Sith Lord???

ShareThis

Full post as published by The FRAUDfiles Blog on April 22, 2008 (boomark / email).