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Financial News



Jan. 9th, 2009 02:49:45 AM

Overstock.com Now 'WellsFargostock.com'

Gary Weiss, Author and Business Week JournalistGary Weiss submits:

My favorite corporate fraud poster child, Overstock.com (OSTK), is noted mainly for its juvenile, delusional CEO Patrick Byrne, its junk lawsuits against critics and shorts, and its inability to make money. You have to wonder, who would be dumb enough to loan this sleazy company money?

Well, the name of that company is Wells Fargo (WFC), but according to a document filed with the SEC Wednesday, the bank has taken extraordinary steps to safeguard its money.


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