Is anybody surprised that the much anticipated Facebook IPO is now mired in controversy?
Recents news about the biggest IPO in history reveals that it was overpriced and SOME investors received information about Facebook that wasn't available to the rest of us, the Great Unwashed.
Well, all that counts in the end I guess is that the hoodie wearing Youngest Billionaire Ever, Mark Zuckerberg now has more money than God.
GREED, GREED, GREED.
Over and over again Wall Street and the Insiders sell us the same snake oil.
P. T. Barnum said it:
"There's a sucker born every minute."
There was a time when I worked in the Investment Services Department of a major Bank (Mellon) that I believed that Wall Street and those who worked there were honest. Not so folks, they're all crooks. Yes, I said it. THEY'RE ALL CROOKS.
So now it's Ground Hog Day all over again. The Greedheads hype up a business that PRODUCES NOTHING and we fools fall for it.
You want to invest in a company that actually produces a great product? Buy Apple.
In the meantime, I thought I would never dislike anybody more than Mr. Softee, aka Bill Gates.
Move over Mr. Softee, you have been replaced by an even more odious and despicable creature, Mark Zuckerberg.