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COPYRIGHT 2006 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
MARIA BARTIROMO, CNBC ANCHOR: The uproar over journalists being subpoenaed by the Securities and Exchange Commission is escalating even though the SEC now appears to be backing off a bit. The subpoenas are a result of Overstock.com`s allegations that a stock research firm and a hedge fund were conspiring to sink its share price. The SEC was seeking records for any communication between journalists and those companies.
Last night on "MAD MONEY" with Jim Cramer, Herb Greenberg, who, along with Cramer, received a subpoena from the SEC, vigorously defended himself against charges by Overstock president Patrick Byrne of being a crooked reporter.
(BEGIN VIDEO CLIP)
HERB GREENBERG, REPORTER, MARKETWATCH: The issue here is that what I do for a living is I help people avoid getting taken advantage of.
I help them avoid losing money. Who in the world is going to talk to me if they`re worried that -- for talking to me and maybe going on the record, they`re going to get subpoenaed?
(END VIDEO CLIP)
BARTIROMO: Joining us now to discuss this issue, Harvey Pitt, former chairman of the SEC and now at Kalorama Partners; and John Coffee, president of Corporate...
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