Comments on: Some banks kept quiet on dimming Facebook outlook
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- What went wrong? People have been bailing on Facebook for two years now and it didn't take a financial genius to see that the IPO was all hype, based on name recognition alone. All their security problems in the news in recent months alone should have been a red flag.
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- OMG.. what a bunch of nauseating hype and hoopla this stock and company is
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- Under Romney, there would be even FEWER regulations on these banks and they would be ripping off the consumers even more.
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- Everyone should have see this coming from a mile away. All the financial experts warned that FB was not worth anywhere near 38 a share or 100x earnings. And then the GM pullout! How could you NOT see this was going to happen? Irrational exuberance. People can be stupid even when they have good information.
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- Morgan Stanley betrayed the public trust by doing this as a underwriter.
Wait, how can I make to its selective clients list? Too bad, I'm just one of the 99% ... - Reply to this comment
- Doesn't this basically constitute "insider trading"? When did we drop the laws against that?
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- "At Morgan Stanley, the lead firm on the offering, an analyst, reportedly Scott Devitt, sent out a cautionary note that Facebook's outlook was weakening -- but only to a select group of the bank's top clients."
These are the lying, scumbags that the Govt thinks are okay to oversee themselves and do without regulation?
It's about damn time the Govt ended this utter failure in probing the depths of human greed. We already had a Las Vegas for people that wanted to gamble. We didn't need to turn the entire world financial system into a poker table.
Reinstate the Glass-Steagall Act. Dis-assemble the "too big to fail" financial institutions.
Remove the Gramm-Leach-Bliley Act and the Commodity Futures Exchange Act of 2000.
That's what a GOVT. would do that realizes the gigantic mistakes it made 12 years ago (especially after what has happened? You have to be kidding me that nothing has been done yet).
How many more wake up calls do you idiots in Congress need? - Reply to this comment
- If you haven't learned by now not to trust Wall Street, it's about time for a wake up call. The only people making money are low lifes like this with the inside trading and maneuvering.
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- Is there a cop in the house? What about Eric Holder? What in god's name is he doing? Jail the Bankers. Until we do this is never gonna stop.
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- "...a loss to investors of more than $37 billion so far."
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Hilarious. - Reply to this comment
