Simplesimon8 Scourges Wall Street!


The great Facebook debacle Part 2 #mugs #muppets « simplesimon8

So what’s changed since the demise of Lehmans and the financial crisis of the last few years. Not much by the look of things. Seems that the rich are getting richer, the middle classes are still a great target and the poor, well nobody gives a damn about them anyway!

Common sense, don’t partake in an IPO without it!

The great Facebook debacle Part 2 #mugs #muppets « simplesimon8

Another of my comrades on WordPress weighs in on the Facebook Investment Debacle. I recommend you read the article and put this web site in your favorites.

To my colleague at Simplesimon8, “Keep fighting the good fight.”

James Pilant

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The Web Site, Striking Thoughts, has a Tough Opinion Concerning the Facebook Investment Debacle!


Wall Street Bitch-slaps us (again) | Striking Thoughts

This mess will be interesting to watch as it plays out. At this point I will go as far as agreeing with Business Insider:

“In one of the biggest IPOs in history, in which a huge amount of stock was sold to small investors, privileged Wall Street insiders once again got top-notch information…and individuals got the shaft.”

Wall Street Bitch-slaps us (again) | Striking Thoughts

Striking Thoughts is right on target and I recommend you read his thoughts.

To my colleague at “Striking Thoughts” I give a hearty thumbs up!”

James Pilant

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System Rigged Against Small Investor.


Facebook IPO: Retail Investors Lose Out While Wall Street Clients Make Profits

In case a reminder was needed, the fallout from the Facebook IPO illustrates that Wall Street appears to be designed to serve the well-connected at the expense of ordinary people.

Ordinary investors may have lost as much as $630 million collectively from the plunge in Facebook’s stock following its public debut, Bloomberg reports. These are the same people who used hundreds or even thousands of dollars of their prized savings to bet on the stock only to have its value drop to way below its opening price of $38 per share.

Facebook IPO: Retail Investors Lose Out While Wall Street Clients Make Profits

Is it moral or ethical to have a rule system which allows the large institutional investors to thrive while penalizing the small investors? Does this encourage responsible investment and make Americans better people?

I think not.

This kind of thing drives people away from investment and it should. That the game is rigged is obvious to the most casual observer. It takes an enormous amount of advertising and badly written text books to get people to buy stock.

Now let’s differentiate here. I heartily approve of investment, that is, buying stock in a company to collect regular dividends and over time have the value of the company go up. That is investment. It carries some risk but it is not the kind of risk carried by those that believe they can buy and sell stock hour by hour, day by day, and make a profit thereby. That is speculation and speculation is inherently risky.

But not all speculators are equal. Let Facebook be a warning to all small investors. Whether you win or lose, investment banks will win.

This is wrong.

It damages faith in the system because the system doesn’t deserve it. If people don’t believe in the basic fairness of society than they will begin to act in ways that are detrimental to that society.

More simply, if playing by the rules doesn’t work, they’ll try something else.

Justice and fairness are for everybody and when they are denied we all suffer.

We should always have in the back of our minds the basic concept of fairness in our dealings. That is how you build a just and fair society.

You punish the wicked and protect the innocent. Is it hard to understand that rule?

James Pilant

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