Leosghost - 4:06 am on May 18, 2012 (gmt 0)
No problem with "corps"..pumped corps yes ..and especially those who pump them ..and then arrange for their friends to buy in with other peoples money just to get the bonuses and commissions..
The financial system did collapse in 2008 ( did you not notice ? ) just because of the same people ( Goldman in particular ) pushing worthless toxic products in order to get the commissions..they walked away with the commissions..as did all their friends..worldwide the poor folks got screwed as their pension funds became essentially void..then their governments bailed out the same banks who were in cahoots with Goldmans ( and whose officers all got commisssions )..and then pulled "austerity on their tax payers..so the poor folks paid twice..
A couple of traders were sacrificed..hands were wrung ..those who got commissions for buying crap paper..kept their money, yachts, cars, houses..and the poor folks who paid for it twice got thrown on the streets..
And now it is all happening again..same players..same system..same scams..the financial system in it's current version should have collapsed in 2008..and been cleaned up and many "commission earners" should have gone to jail around the world..But it didn't collapse ( not for them anyway )..and now they ( the same people ) are pumping Facebook, Groupon, Pinterest etc and any other way they can find to get the commissions again..
An incompetent plumber gets fired..an incompetent ( or corrupt ) CEO , FO, merchant banker, stock trader ..they get a huge salary bonus and a golden parachute..and invited back in for the next round..
You can put your money into facebook..but not mine ..nor anyone else's via their pension fund etc..
The guys who run IPOs don't like people who can do math without taking their shoes and socks off..Unless you stand to make some commission on these IPOs ? there is no reason to claim they are a good thing or that their total paper value is worth 100 x current yearly earnings..
If you really do believe their pumped figures and projections..
I have this bridge for sale..