Patrick Byrne CEO and Founder of Overstock.com
Patrick Byrne is a man with a mission in life. From Patrick’s own page on Overstock.com
Patrick Byrne is waging a fight with Wall Street over naked short selling. He believes that, through the practice of naked shorting, Wall Street is cheating Main Street America and destroying small companies for a profit. Byrne feels that the SEC is failing to protect retail investors and small companies because it has been captured by Wall Street, and that the New York financial press is similarly co-opted. Byrne believes that the SEC’s efforts to eliminate this abusive practice are falling short, not simply for Overstock (which has itself been on the Regulation SHO Threshold list for over two years), but in a way that creates the possibility of systemic risk for our financial world.
To learn more listen to Mark Maxon’s fascinating interview with Patrick Byrne.
