The ongoing war of words between Overstock.com President Patrick Byrne and MarketWatch.com columnist Herb Greenberg continued this morning on CNBC’s Squawk Box show shortly after 8 a.m. EST. To set the scene, Greenberg was in the studio as a guest commentator, while Byrne was in a San Francisco studio.
Unlike earlier this week when he called Greenberg a “crooked reporter” on the Kudlow & Co. show, Byrne was relatively tame this time around. His best zinger was: “It’s my sense that the SEC was certainly onto Herb’s scent long before we came along.” As for the journalists who believe that Byrne and his belief that so-called naked short sellers are seriously misguided, Byrne said, “They’ve become the conspiracy nuts. I have not orchestrated the SEC investigation.”
After Byrne finished, Greenberg was then allowed to reply. “My main complaint is this guy is an emotional nut case,” said Greenberg. “It’s basically ludicrous.” Later, he added, “I go out there attempting to help people avoid losing money.”
Greenberg also called for an investigation into The Sanity Check web site — one of the URLs on Byrne’s sign — that has been posting Byrne’s interviews with business journalists. The site is run by someone using a pseudonym, although Greenberg believes that Byrne knows the person.
Business journalism on television. It just doesn’t get any better than this.
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Phil Saunders runs the site. He also runs NCANS . Patrick helped fund the site and its executive director is also suing Gradient. Phil has been mentioned in Barron's and the NY Post. Patrick claim that he doesn't know the man is absurd.