Kurt Nimmo
Infowars.com
May 22, 2012
The fact Morgan Stanley was the lead banker on the Facebook IPO should have set off alarm bells for investors in the NASDAQ casino. The deal had SUCKER’S BET spray-painted all over it. But like the infamous dot-com bubble and any other number of pump and dump schemes rolled out by the banksters, the Facebook IPO was designed to enrich a small number of insiders like Goldman Sachs and take the clueless horde on the outside to the cleaners.
Even cynical observers are willing to give the trendy stock time to “perform” when it is obvious the Facebook “offering” is simply more toxic waste proffered by people who specialize in multi-billion dollar scams and snake oil tours.
“Maybe I am a grouch,” writes the New Yorker’s John Cassidy. “But it all sounds suspiciously like an inside job, in which the last ones in, the ordinary investors, are the saps. At the very least, this entire issue is something that the authorities – the S.E.C., but also the Nasdaq and other stock exchanges – should be looking at closely.”
The SEC is clueless and was designed to be so. It is blind to financial derivatives and has strict orders to leave the Big Boys alone to do as they please. It took the SEC a full nine years to respond to the stench of Bernie Madoff’s Ponzi scheme. Facebook is not even on its radar screen.
Back in 1988 an unconstitutional presidential executive order irrevocably tied the SEC to the Treasury and its boss, the Federal Reserve. The blinders became even more restrictive for the hand-picked commissioners who twiddle and twaddle as the banksters deconstruct the economy.
MarketWatch wrote the following as the Facebook IPO was unveiled:
Click Here to continue reading.
Related articles
- Goldman Sachs gains $235 million from Facebook IPO (sfgate.com)
- The Facebook earnings-forecast scandal (blogs.reuters.com)
Related articles
- The Facebook earnings-forecast scandal (blogs.reuters.com)
