“Overstock.com CEO Patrick Byrne colorfully explained in his own words why he took out a full page ad in the Wall Street Journal mocking SAC Capital’s Steve Cohen Saturday. Since 2005 Byrne has been saying that powerful market actors have been working to destroy his company. In 2010 he identified them as Michael Milken and SAC’s Steven Cohen. Two years later, emails accidentally leaked by lawyers representing a number of Wall Street banks described how the banks were allegedly naked short-selling Overstock.com stock and advising their hedge fund clients on how to do the same. SAC Capital, as you know, is one massive hedge fund client.”
http://www.businessinsider.com/overstockcom-ceo-explains-anti-sac-ad-2013-7
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Jim Rogers on investing in Malaysia, the century of Asia, & frontier markets
Car parking apps vulnerable to man-in-the-middle attacks
Analysts: Muni-Bond Selloff Looks Like Lehman All Over Again
How Regulations Squeeze Small Competitors for the Benefit of the Banksters
India Wakes Up to Bitcoin
Analyzing Jamie Dimon's Bear Stearns "Favor" to the Fed
EU governments get cold feet on financial transactions tax
Colombia Stops Short of Bitcoin Ban, Bars Banks From Industry
Brzezinski: ‘Global Political Awakening’ Making Syrian War Difficult
Reddit co-founder: Tech companies can help fight NSA snooping
Edward Snowden says the NSA is hurting the US
Brigham Young University Student Housing Now Accepts Bitcoin
FBI Director Comey is a Maniac
Vigilante Detroit residents attack suspected rapist after police fail to act
Records Obtained Detailing Obama Administration’s Warrantless Collection of Citizens’ Personal Finan...