AntiSocialMedia.net by Judd Bagley

Recently, short-selling hedge fund Rocker Partners paid Overstock.com $5-million to settle the lawsuit filed against them in August of 2005. This is a major victory for all public companies targeted by bear raiding hedge funds.But thanks to the unusually skewed reporting surrounding it, chances are you either hadn’t heard about the suit, or were under the impression it was frivolous and certain to fail.

There is some evidence suggesting the federal government might be spending tens of billions of dollars to deal with the accumulation of failed trades caused by illegal naked short selling. If that’s true, we’re probably screwed.