Facebook IPO corruption is emblematic of our corrupted financial system

[just1voice]

Here's an explanation of Facebook's IPO and how the stock market works in general:

1st -- corrupt bankers picked to sell the stock.
2nd -- corrupt bankers fill media with sales/corporate propaganda.
3rd -- corrupt bankers make IPO unavailable to anyone but the rich.
4th -- corrupted market claims "technical difficulties" for first 2 hours stock is traded.
5th -- corrupt banks dump stock leaving customers/investors with huge losses.
6th -- corrupt banks spread propaganda supposedly explaining what happened.
7th -- corrupt financial professionals/economists/writers all invent more lies fitting their corrupt paradigm.
8th -- corrupt politicians feign concern, collect more campaign money.

[KansDem]

1. Lot of corruption here...

Perhaps we should call this economic system "Corruptionism" and its adherents "Corruptionists."

[just1voice]

3. Excellent idea

Capitalism is only as good as its regulation so without regulation "Corruptionism" is perfect.

[Odin2005]

21. Corruptors!

[Bake]

2. The only people who made a bundle from the Facebook IPO were the sellers.

Like Zuckerberg. There was no post-IPO bump in the stock price. I'm glad I didn't have the chance to buy it.

Bake

[dkf]

17. There was one but it was very very brief in the beginning of the whole execution problem.

[K Gardner]

4. Amy Goodman just read this entire thing on MSNBC

Chris Hayes show!

Good job ! Let's rec this up..

[ornotna]

5. Yes

I saw it as well.

Good job just1voice.

[Octafish]

6. One little add: ''corrupt journalists spread corrupt banks' propaganda''

Doesn't matter though. Your outstanding post pegs their corrupt hides to the wall, just1voice.

[TahitiNut]

14. You misspellled "stenographers"

Just thought I'd help.

[raouldukelives]

15. Haha! nt

[Octafish]

16. Drat! Journalism 101- always spell the name correctly.

P-R-E-S-S-T-I-T-U-T-E.

[annabanana]

7. Amy? Is that You?

If not.. kudos on the successful voicing of a compelling explanation!

If so.. HOWDY!

[chervilant]

8. + a gazillion plus 50 million times a gazillion! n/t

[TeeYiYi]

9. Kudos to you, just1voice...

...on the Amy Goodman recognition.

Well done.

TYY

[Scuba]

10. I'll rec this and so will Amy Goodman on MSNBC...

http://www.democraticunderground.com/1002730230

[K Gardner]

11. Looks like this OP was written last Tuesday and kind of slipped under the radar

until Amy broadcast it this morning. Not sure how we missed this one.. it's a winner !

[lunatica]

12. On Bill Maher's show Krugman said it was insider trading

Evidently it's pretty rampant. Especially with our elected officials in Congress. It's the reason they come out so wealthy when they leave office.

We're officially a corrupt nation. Just like all those we look down our noses at.

[G_j]

13. kick!

[dkf]

18. If the trading hadn't gotten all messed up this might have been a different story.

Zuckerberg's biggest mistake was putting it on the Nasdaq.

[NightWatcher]

19. Who was forced to buy the stock? Who bought it?

Oh, amateur "traders" took a bath on it. I don't feel sorry for the idiot who takes etrade stock advice from a talking baby commercial and then blows his money thinking somehow he's going to game the system. It's the same to me as the loser who thinks he's going to beat Vegas.

It's a hustle, it's rigged, and it's rigged to take advantage of idiots. Sometimes the only way to win us to not play the game. -Sound familiar?

[Odin2005]

20. SHH!!! It's only corruption whem it happens in OTHER countries!

[Mosaic]

22. Trash Capitalism Now!

Enough said.

[99th_Monkey]

23. Corrupt Banksters are indeed the talk of the town these daze.

And no wonder.

Since they invoked this entire debacle under which,
everyone suffers, unless one happens to be a 1%er.

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