Is Overstock.com a good guy.. fighting Goldman Sachs?

[annabanana]

BananaSis found this link at the bottom of one of their shopping pages:

http://www.overstock.com/50257/static.html

For six years Overstock.com has waged a war to expose Wall Street mischief. We did not go looking for a fight, but our company was attacked, and we learned we were not alone: the same manipulation-for-profit tools that Wall Street had deployed against us had also been deployed against many American companies, harming job creation, innovation, and economic growth. We knew that if left unchecked and unexposed, Wall Street's games could ultimately damage U.S. capital markets.

So in 2005 and 2007 we filed two lawsuits. The first case was against a hedge fund (Rocker Partners) and hatchet-job-for-hire research team (Gradient Analytics), both with ties to Jim Cramer. The second case was against a group of eleven Wall Street prime brokers, culminating in Goldman Sachs. The hedge fund in question (Rocker Partners) hired famed lawyer David Boies, and the prime brokers showed up with an army of the most prestigious law firms in America. Our lawyers were Dore Griffinger, Ellen Cirangle, Jonathan Sommer and Catherine Jackson of Stein & Lubin, a small but excellent San Francisco law firm.

(more at link)


Is this significant or just self interested puffery?

[Saturday]

1. Overstock is the good guy.

It's just as it's explained in the article.

[ellenfl]

2. thanks. they will be a good alternative to amazon for me. eom

[taught_me_patience]

3. self serving tool not to be taken seriously. n/t

[dems_rightnow]

4. Trust fund baby

Trust fund baby who nearly mismanaged his company to bankruptcy, then blamed other people vs. Goldman Sacs.

I hope they both lose....

[sarcasmo]

5. Goldman Sachs needs to leave our society and never come back.

[EOTE]

6. In this instance, it looks like they're the good guy.

However, I've also heard that they support a number of anti-abortion groups (I can't find a link at the moment). So take that as you will.

[joeybee12]

7. Isn't the Overstock guy the one who bankrolled the pro-charter school amendment in Utah?

I seem to think so...if so, I wouldn't give him the benefit of the doubt on this.

[geologic]

8. The SwiftBoat DVD:

overstock dot commies were the exclusive source--
or was that the SwiftBoat books???

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They donate exclusively to the Repuglycan Party.
http://www.opensecrets.org/orgs/all_summary.php?id=D000036441&nid=14851

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"Below,link to one of the many fraudulent websites aiding Mr.Patrick Byrne and his billionaire daddy's fraud.Although daddy Byrne,(Jack),has distanced himself from his son's fraudulent scheme in media interview, he continues to aid his son in the fraud called Overstock.com and the internet fraud sites sponsered by his son and investors money that Patrick Byrne has defrauded with his lies, by remaining on the board of his son's fraudulent company.
Both of the scam artists,father and son,have aided both securities fraud in promoting the supposed 'anti-naked short selling' scheme that is most often used to aid insider stock maniphttp://www.phillyimc.org/en/node/47825

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The enemy of your enemy is not always your friend...

[annabanana]

9. Thank you VERY much..

I knew it sounded hinky, but couldn't put my finger on it.