Laser
Rookie
- Oct 22, 2013
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I'll email you from my Yahoo address- the links of what is germane;
as I too much of a newbie here - to be allowed to post the links myself.
You should be able to post links.
Will try again after this posting.
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I'll email you from my Yahoo address- the links of what is germane;
as I too much of a newbie here - to be allowed to post the links myself.
You should be able to post links.
Mitt should hire Sarah Palin to represent him in this case
New York Times March 2013 OpEd verifies that Goldman Sachs burnt eToys
with the Joe Nocera article "Rigging the I.P.O. Game"
On some level, this argument between those who believe companies are routinely sold down the river by their underwriters and those who insist that underwriting requires a complex balancing of the interests of both company and investors has been going on ever since. Just a couple of years ago when the social media company LinkedIn went public and the stock quickly doubled, I wrote that the company had been scammed by its underwriters, Morgan Stanley and Bank of Americas Merrill Lynch unit. Money that rightly belonged to the company had instead gone to investment clients, I argued. A number of market observers responded by saying that I lacked a nuanced understanding of the complicated dynamics between companies, investors and underwriters.
Recently, however, I came across a cache of documents related to the eToys litigation that seem to tilt the argument in favor of the skeptics. Although the documents were supposed to be under seal, they were sitting in a file at the New York County Clerks Office, available to anyone who asked for them. I asked.
What they clearly show is that Goldman knew exactly what it was doing when it underpriced the eToys I.P.O. and many others as well. (According to the lawsuit, Fitt led around a dozen underwritings in 1999, several of which were also woefully underpriced.) Taken in their entirety, the e-mails and internal reports show Goldman took advantage of naïve Internet start-ups to fatten its own bottom line.
It has been an arduous quest, to get justice in this case. Everyone said it is politically motivated. If only Al Capone could be alive today and realize that "IF" you run for high political office; you might be able to get off 'Scot Free'.
I'm trying to arrest Romney's RICO Gang for organized crime issues;
which are protected by federal corruption.
The fact that the "boss" was able to actually have a chance to run for POTUS;
is a testimony to how whacked our systems have become!
New York Times March 2013 OpEd verifies that Goldman Sachs burnt eToys
with the Joe Nocera article "Rigging the I.P.O. Game"
[MENTION=2926]Toro[/MENTION] - have you been following this at all?
On some level, this argument between those who believe companies are routinely sold down the river by their underwriters and those who insist that underwriting requires a complex balancing of the interests of both company and investors has been going on ever since. Just a couple of years ago when the social media company LinkedIn went public and the stock quickly doubled, I wrote that the company had been scammed by its underwriters, Morgan Stanley and Bank of Americas Merrill Lynch unit. Money that rightly belonged to the company had instead gone to investment clients, I argued. A number of market observers responded by saying that I lacked a nuanced understanding of the complicated dynamics between companies, investors and underwriters.
Recently, however, I came across a cache of documents related to the eToys litigation that seem to tilt the argument in favor of the skeptics. Although the documents were supposed to be under seal, they were sitting in a file at the New York County Clerks Office, available to anyone who asked for them. I asked.
What they clearly show is that Goldman knew exactly what it was doing when it underpriced the eToys I.P.O. and many others as well. (According to the lawsuit, Fitt led around a dozen underwritings in 1999, several of which were also woefully underpriced.) Taken in their entirety, the e-mails and internal reports show Goldman took advantage of naïve Internet start-ups to fatten its own bottom line.
[MENTION=31258]BDBoop[/MENTION]
As for the claim by eToys, I can't comment since I don't know the facts and am not a bankruptcy attorney.
That article in the link, however, was very biased
Moved to Conspiracy Theories. Should anything real come of this, It will be relocated.
[MENTION=31258]BDBoop[/MENTION]
As for the claim by eToys, I can't comment since I don't know the facts and am not a bankruptcy attorney.
That article in the link, however, was very biased
Is this something where you would be willing to find unbiased info to possibly see the truth that may lie somewhere in the middle?