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 OC Register "Measuring the Value of a Free Press"
 
mhatmccane
409 posts
2nd
Joined
1/20/2006

OC Register "Measuring the Value of a Free Press"
Posted: 08 Mar 06 1:05 PM

My letter to OCRegister:

My Email to JLansner@OCRegister.com:

Your subject article left me wondering how much research you put into it. While I can understand your desire to protect a "free press", I have to wonder is having a press card is a free pass to lie and distort. While you report part of the Overstock story:

"I won't bore you with all the small details, but critics claim Overstock isn't honest with its investors about its financial success. Overstock says the critics have conspired to smear the company's reputation and profit from a stock fall.

Overstock's so miffed, they've sued a pair of these critics. But last week the company said it will restate four years' worth of results due to accounting errors."



You neglect to mention the Judges ruling in the suit in favor of Overstock. Is that one of the small details you choose not to bore us with?

Are you familiar with the CNBC poll that showed over 80% of the respondees favored the SEC's action with the "journalists"?

There is a really big story here and you are missing it. It involves hedge funds, and crooked research firms, and bent journalists, and naked short selling (not short selling, NAKED short selling), and multiple target companies.

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