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To: Ron who wrote (14700)	3/1/2006 10:23:44 AM
From: John Carragher	Respond to of 17683

cnbc is trying to cover their ass and i expect are holding daily meetings on the latest sec letters sent off to cramer. i can now see some lawyer for cnbc saying cramer show doesn't represent a problem then a letter from sec arrives at his door! even if cox etc walks away from it. i assume this is enough to get cnbc attention at higher management. they have pulled all the guns out to attack mode. instead of being a moderator they (kudlow, sweet thing this morning etc) challenge and then attack Byme. WHY?

To: Ron who wrote (14700)	3/1/2006 10:24:04 AM
From: Paul Chiu	Respond to of 17683

... I have no idea whether Byrne is correct in his accusations, but i do think naked short selling is a huge scandal and CNBC has done nothing to really investigate it. thesanitycheck.com thesanitycheck.com They (CNBC) can't Ron, they are in bed with Cramer (their #1 rated show host), and Cramer's partner in crime Greenberg. Both of which are against Byrne and Overstock's accusations on market manipulations. As someone who used to work in institutional equities and in stock loan, I understand Byrne's accusations if what he say is the truth. There are rules and regulations against practices that would allow for such short interest sizes. In short, it is not possible to legally short more than the float from all classes. In stock loan where sizes are hunted for so traders from hedge funds can borrow, pay high lending rates for, and then have the right to legally short the stock; an institutional equities banker cannot allocate such position if there are none. I think Byrne is saying that such practices are on going for Overstock. Now, Cramer and Greenberg are saying to short Overstock, and have been saying so for over a year. They do not serve the public's interest as reporters to not present Byrne's views. Cramer and Greenberg are sweeping these accusations under the CNBC rug and are in fact, covering their asses. It is surprising that CNBC management are allowing this to go as far as it has. I hope Cramer put an end to this with some disclosures real soon as I do not want to see him meet the same fate as so many financial reporters in the past. Then again, there are so many reporters that get away with trades that have never been caught. Paul