Naked Short Lie:Steve Forbes Brings Economic Pornography To Wardlaw-Hartridge High School (tags)
The earliest usage for the term 'naked short selling' or 'naked shorting' I have been able to verify is from an email to the U.S. SEC IN 1999.No academic or securities professional ever used it previously and Patrick Byrne's NCANS representative gave the Cheetah Club lap dance club in Las Vegas' address when a website was opened for that fraud in 2004 or 2005.I believe that had a professional or academic coined a term for counterfeitting of shares it might have been 'negative short selling' but because it was creating by a Washington,D.C. mafia composed of social perverts 'naked' was the only thing they could come up with. And Steve Forbes gives new meaning to the word pervert.
Warren Buffett,apologist for Utah Overstock.com Patrick Byrne,Senator Bennett stock fraud (tags)
Mr. Buffett acknowledged that he has a "friend" who is very concerned with naked short selling, a reference to Patrick Byrne, the chairman and chief executive of Overstock.com, an online "close-out" retailer. He said that while the many companies that attract a lot of interest from short sellers "very often" are later revealed to be frauds, he noted that "The one my friend runs is not at all." Mr. Buffett and Mr. Byrne go back a long way; Mr. Byrne's father, Jack Byrne, was long-time head of Geico, Berkshire's automobile-insurance subsidiary. - from Wall Street Journal
Charles Schwab:Joseph Grundfest,Stanford University Law,defends SEC's McCarthy Tactics (tags)
While subpoenaing journalists directly was a "big mistake," says Stanford law professor Joseph Grundfest, "it shouldn't be surprising and it shouldn't disappoint anybody" that the agency is going after market participants' communications with journalists. "It would be a very strange world if people could be held liable for every lie they told except for the biggest lies they told to reporters," he(Joseph Grundfest,ex-SEC Commissioner and Stanford University law professor) adds.” Joseph Grundfest,Stanford University Law,defends SEC's Business Journalist McCarthyism & stock fraud
James J. Angel,Georgetown University,lap dancers and cyber fraud mafia (tags)
Montgomery,Texas' Endovasc,Judge Ken Reilly, Dwight Cantrell,Robert Johnson,David P Summers, James Dale Davidson,Houston attorneys John O'Quinn,Houston's accountants McConnell & Jones LLP ,and Charles Schwab,all have some explaining to do about illegal pump and dump and possible money laundering.