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Wall Street’s Endless Crimes Against Democracy Continue - Facebook CEO and Wall Street Underwriters Sued For Looting
Fri, 25 May 2012 10:32:03 GMT
While the hysteria was almost obscene on Wall Street and in the mainstream media about the most hyped IPO in the last decade, it was just days before the Facebook IPO we discussed on here that Facebook executives and investment bankers were using this IPO to loot society. A far different reality. That is exactly what they did. The financial system is completely rotten. Too many people want to pretend the issues of corruption our nation faces aren’t as deep and systemic as they really are. Predation is and always has been the Wall Street game. The art of the con is more systemic than ever. Leading up to the IPO I had to snicker while watching a Bloomberg contributing editor who used a lot of large sounding words, you know, like delicatessen, to conclude that Facebook would have a strong day on the IPO open. We truly do have an economic system where cronyism and incompetence rises to the top. That is very much...
