Thursday, March 02, 2006

Subpoenas for WSJ and Reporters

Well, well. It appears the SEC has gone off the deep end. Due to the fact that one company, Overstock.com, lost money due to reporters reporting facts about them; they want all e-mails and conversations journalists, brokers, and anyone who could have benefited from their financial problems. The SEC rushed to subpoena many sources, including the media. (How does it feel?)
To put it another way, the journalists are suspected of having sources who tell them things that they then share with their readers or listeners. Where we come from this is called reporting, or providing facts to investors who can then make more informed decisions.
Well what do you know! If you would like more information about this article, please read this piece on Opinion Journal today. Thank you, and have a great day.

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