What Do You Get When You Cross Judy Miller With Enron?

…A First Amendment scandal set on Wall Street and seemingly directed by David Lynch. Just thinking about all of the issues at play in the still-emergingHerb Greenberg SEC subpoenas/“naked shorting”/”Overstock.com/“Sith Lord” scandal makes my head hurt, but the implications are scary indeed for business reporters. If the SEC had succeeded in forcing Greenberg and one of his colleagues to turn over their notes on unpublished stories, then Overstock.com CEO Patrick Byrne would have successfully used his paranoia over “naked shorting” and the supposed conspiracy against his company to force the SEC to shakedown reporters in much the same way that evil investors have somehow used Greenberg, et.

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