I am certainly no high finance expert by any means,but this whole business with Facebooks IPO stinks.The banksters on Wall Street knew Facebook's stock was over priced before it was offered publicly.Instead of informing all their investors,Morgan Stanley,JP Morgan,and Goldman Sachs,only let their 'sophisticated institutional investors'(their rich friends) know that Facebook was over hyped,while their 'smaller investors' (the working man) were left in the dark.The SEC and FINRA both say the will investigate,but nothing will come of it because the banksters have them in their hip pocket.
Wall Street is nothing more than an corrupt gambling house now and your a fool to gamble with them!
Hat tip to Riehl World View.
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