Facebook Shares Valued At $100bn

  On 5/27/2012 at 1:14 PM, azatoth said:

What's with this thing about the Facebook IPO currently being under investigation for insider trading? Great start to this venture.

http://www.guardian.co.uk/commentisfree/joris-luyendijk-banking-blog/2012/may/18/facebook-ipo-banks-role

  Quote

But why did Facebook engage so many banks? Two reasons, says the MD, one openly talked about, one an open secret: "Banks have different client bases – relationships with particular investors. More banks means more coverage. Two: each bank has research analysts writing reports for investors recommending them to buy or sell a share. With all the top analysts from all the big banks on board, you won't get dissenting voices".

Is it insider trading if practically any bank with a name is involved in bringing Facebook to Wallstreet? Perhaps from a moral/ethical point of view, but it's not clear from a legal point of view. Don't expect rolling heads of big names in this case. If there is a case. If this is insider trading, you could lock the entire Wallstreet behind bars.

Yeah, insider trading goes on all the time on Wall St. Didn't think it was anything too serious.

knew i should have bear traded this shit. too risky for me right now tho

  On 5/26/2012 at 12:28 AM, sweepstakes said:

  On 5/26/2012 at 12:19 AM, A/D said:

  On 5/25/2012 at 12:51 AM, sweepstakes said:

- A climax of bullshit where everyone collectively gets sick of making shit worse and worse every day

I think this is happening right now, but the people who profit from the bullshit are doing their best to quiet its progress and keep their power in place. Find your own truth & spread the love

Word. I hope you're right. I guess I am just edging into the age where I'm too jaded to believe that there any truly viable long-term alternatives to the shittiness.

Yeah, I hope so too. I think any system of government functions perfectly in an enlightened populace, and representative democracy is fine, with the proper safeguards/social programs in place. So I hope my weird gut feeling that we are accelerating towards inner peace is true, and we just make the system we have (which works in so many ways!) perfect.

Don't get jaded! Try to open yourself to the good, and reject the bad.

  On 6/8/2012 at 11:44 PM, Joyrex said:

ell oh ell