QUOTE(LessHorrid vanU @ Tue 2nd August 2011, 9:16pm)

I don't believe that Weiss is interested in doing damage, except where it supports his central aim which is to enrich himself. Weiss probably did not maintain his campaign against Patrick Byrne/Overstock simply because he desired to damage it, but because they were hindering or obstructing his aim to make money out of naked short selling. Such is the banality of evil, that the damage caused is not for its sake but the disregard of the consequences to others in pursuit of another agenda.
Uh, no.
Weiss is not a hedge fund manager or prime broker executive. He came to bat for several journalists and their "sources" (hedge fund managers who have a long history of shorting stocks, then using the same consistent vertically integrated network of journalists, supposedly independent analysts, and social media blowhards.
Weiss was said to have about $700K at one time that he was supporting himself with after getting let go by Business Week, and now several more outlets, and his books not selling enough to warrant more books. He probably trades stocks and shorts them too but that's not what got him started on Byrne's ass in 2006. He was tag teamed to jump in by a blogger/fund manager in the Rocker network named Jeff Matthews.
Without this network, journalists like Herb Greenberg and Weiss have no material to write about that would be controversial enough to ensure they can coninute their careers. Weiss killed his own career by writing nothing but whack job articles calling Byrne a whack job for the last 5 years. Greenberg had nothing to go with once his main man hedge fund manager retired involuntarily, and disappeared for a couple of years before returning with...the same cast of characters. There was no lone conspiracy against Overstock, they do this to several companies a year. It's what they do. It's very profitable for the ones at the bottom at that vertical ladder, and they kickback some of it upwards.
The WP NSS article brouhaha was overblown blog war that spilled over. It's true that it was a very obvious attempt to control what was sees when they google NSS, because NSS is a profitable thing for brokers and hedge fund managers, but regular, legal, shorting is way more profitable and prevalent.
Weiss is no more a sith lord of shorting than Linda Mack is the female James Bond.
Michael Milken on the other hand, that Star Wars fan is quite the sith...
This post has been edited by Piperdown: Sat 6th August 2011, 8:02pm