Thursday, December 1, 2011

Patrick Byrne takes on Goldman Sachs & Merrill Lynch

There's a pretty important legal case starting on Monday in San Francisco. Patrick Byrne, the CEO of Overstock.com, has filed a RICO Act lawsuit against some of the big names on Wall St. and he claims to have evidence that will be irrefutable in a court of law. It will be very interesting to see what happens in this case, and you can get a brief idea of what it's about in the following videos. Basically he's accusing Goldman Sachs and Merrill Lynch of racketeering! I love that word.

EDIT: I just read that the trial has been moved to March 5, 2012. I hate waiting.


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