Patrick Byrne’s delusions

Posted by Tracy Coenen on April 22, 2008 · Leave a Comment 

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???


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