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Wednesday, May 23, 2012

Fraud Book!

So, those wonderful bankers pulled off another scam and sucked money from john and jane doe....Before Friday, Morgan Stanley released their S1 prospectus telling potential buyers what the revenue estimates were for the initial public offering of Facebook. On friday when the offering went public, they told their favored institutional investors that the revenue estimates in the S1 prospectus were overvalued, and began SHORTING THE STOCK THEY WERE UNDERWRITERS FOR. So, all the john and jane doe investors stepped in and lost 20% of their investment in two trading days. And where did that money go? To just another group of highwaymen. 100 Million dollars worth! Many people have never returned to the stock market since the debacle of 2008/2009. No one in middle america has any trust for wall street, and there is really no reason to. The great majority of money made currently on wall street is outright theft, insider trading, and other assorted tricks of dissemination of bad information. Goldman is chronically known for telling their individual investors to buy the same shit they are trying to unload or short sell. So, there are two parties going on.....the party down in the park for the poor folks eating weenies, and the party going on in the penthouses behind closed doors. So, if you are in the market and you don't have the real information, just be prepared at any time to bend over and pray for lube!!

1 comment:

TerribleTerry said...

The average American still has it too easy to do anything besides complain. Once things get tougher....they'll find a group to punish with (historically speaking) pitchforks and torches. Let's just hope they choose the correct group and don't blame a race, religion, etc. Best for those with wealth in the coming years not to flaunt it.....