All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy. All work and no play makes Jack a dull boy.
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"Expert" Patrick Byrne avoids mentioning SEC investigation of Overstock, proving Fox can't do business either
by William K. Wolfrum 10/22/2009 - 5:30 am
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Since the Obama Administration took the offensive against Fox News - breaking the nationwide ban on telling the truth about Fox - many have vociferously complained. Ok, aside from Jake Tapper, the only ones complaining vociferously are Fox Newsians, but there has been some push back.
Of course, there are others that believe that Team Obama didn’t go far enough. After all, how could he just slam Fox News for not being a news organization without pointing out that the Fox Business Network isn’t really a business network.
The heroes at FBN’s Happy Hour decided to prove their utter worthlessness by interviewing Overstock.com CEO Patrick Byrne about the SEC.
Byrne was his typical, charming self. He invented a story about an anonymous “friend’s” dealings with the SEC. He managed to mention Overstock.com’s official media arm “DeepCapture.” He again claimed SEC officials are, or were, on the take.
What Byrne - and the Fox Business anchors - didn’t mention in this probing interview about the SEC? That Byrne’s company, Overstock.com, has been subpoena’d by the SEC and is being investigated on Overstock’s previously-announced restatements of its financial statements in 2006 and 2008 and other matters. It is the second time in three years Byrne and Overstock have been investigated by the SEC.
But that was apparently not worth mentioning during a discussion with Byrne about the SEC.
In the end, you may disagree with the Obama Administration’s war against Fox News. But when FBN can’t bring themselves to mention a massive conflict-of-interest from one of their guests - who happens to be a long-time Republican - there’s really no need to treat FBN like a real business network.
–WKW
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In the News
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Obama Campaign To Court Super PAC Cash They Loathe
TPM 2012 - Within body of text:
The decision was handed out after new FEC filings revealed conservative groups outraised their Democratic counterparts by a four to one ratio. In recent weeks one Republican donor alone, Sheldon Adelson, has given over $10 million to a Super PAC supporting Newt Gingrich. Mitt Romney’s Super PAC raised $30 million in 2011. By contrast, a Democratic Super PAC founded by former Obama aide Bill Burton, Priorities USA, raised only $19 million.
Politico also has interesting piece on this too.
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Jim Bakker’s Christian amusement park is now a post-...
In 1986, Jim and Tammy Faye Bakker's Heritage USA was the third most-visited amusement park in the US, behind only Disney World and Disneyland. Now the park that once entertained millions of guests is falling to pieces, and looks more like the scene from a post-apocalyptic movie than a place for family fun.
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Truth, lies and AfghanistanBy LT. COL. DANIEL L. DAVIS
I spent last year in Afghanistan, visiting and talking with U.S. troops and their Afghan partners. My duties with the Army’s Rapid Equipping Force took me into every significant area where our soldiers engage the enemy. Over the course of 12 months, I covered more than 9,000 miles and talked, traveled and patrolled with troops in Kandahar, Kunar, Ghazni, Khost, Paktika, Kunduz, Balkh, Nangarhar and other provinces.
What I saw bore no resemblance to rosy official statements by U.S. military leaders about conditions on the ground.
Read the article at http://armedforcesjournal.com/2012/02/8904030 -
Goldman Sachs CEO Lloyd Blankfein speaks out in support of...
Just when you thought it was safe to hate Goldman Sachs…
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A Mortgage Tornado Warning, UnheededYEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.His name is Nye Lavalle, and he first came to attention not in finance but in sports and advertising. He turned heads in marketing circles by correctly predicting that Nascar and figure skating would draw huge followings in the 1990s.But after losing a family home to foreclosure, under what he thought were fishy circumstances, Mr. Lavalle, founder of a consulting firm called the Sports Marketing Group, began a new life as a mortgage sleuth. In 2003, when home prices were flying high, he compiled a dossier of improprieties on one of the giants of the business, Fannie Mae.In hindsight, what he found looks like a blueprint of today’s foreclosure crisis. Even then, Mr. Lavalle discovered, some loan-servicing companies that worked for Fannie Mae routinely filed false foreclosure documents, not unlike the fraudulent paperwork that has since made “robo-signing” a household term. Even then, he found, the nation’s electronic mortgage registry was playing fast and loose with the law — something that courts have belatedly recognized, too.
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Oh yeah, I'd like to see you get up there and indignantly seethe at Wall Street malfeasance while at the same time staying true to your anti-regulatory dogma. It's not easy, my friend, it's not easy.