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just1voice

(1,362 posts)
Tue May 22, 2012, 02:56 PM May 2012

Facebook IPO corruption is emblematic of our corrupted financial system [View all]

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.

23 replies = new reply since forum marked as read
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Lot of corruption here... KansDem May 2012 #1
Excellent idea just1voice May 2012 #3
Corruptors! Odin2005 May 2012 #21
The only people who made a bundle from the Facebook IPO were the sellers. Bake May 2012 #2
There was one but it was very very brief in the beginning of the whole execution problem. dkf May 2012 #17
Amy Goodman just read this entire thing on MSNBC K Gardner May 2012 #4
Yes ornotna May 2012 #5
One little add: ''corrupt journalists spread corrupt banks' propaganda'' Octafish May 2012 #6
You misspellled "stenographers" TahitiNut May 2012 #14
Haha! nt raouldukelives May 2012 #15
Drat! Journalism 101- always spell the name correctly. Octafish May 2012 #16
Amy? Is that You? annabanana May 2012 #7
+ a gazillion plus 50 million times a gazillion! n/t chervilant May 2012 #8
Kudos to you, just1voice... TeeYiYi May 2012 #9
I'll rec this and so will Amy Goodman on MSNBC... Scuba May 2012 #10
Looks like this OP was written last Tuesday and kind of slipped under the radar K Gardner May 2012 #11
On Bill Maher's show Krugman said it was insider trading lunatica May 2012 #12
kick! G_j May 2012 #13
If the trading hadn't gotten all messed up this might have been a different story. dkf May 2012 #18
Who was forced to buy the stock? Who bought it? NightWatcher May 2012 #19
SHH!!! It's only corruption whem it happens in OTHER countries! Odin2005 May 2012 #20
Trash Capitalism Now! Mosaic May 2012 #22
Corrupt Banksters are indeed the talk of the town these daze. 99th_Monkey May 2012 #23
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