Remember when Goldman Sachs claimed they "forgot" that one of their partners in putting together an investment vehicle involving sub-prime mortgages was actually betting against it ,and they were fined $500,000,000 for that ?
Well,as Ronnie Reagan would say "There they go again".As news of G.S investment in Facebook hits Wall Street ,one wonders what about Facebook would make people all of a sudden start dropping huge amounts of capital into a company that refuses to go public? Turns out the shrews at Goldman have another scam involving Facebook-we'll sell you entre into the private exchange market for Facebook shares minimum $2m with GS taking a 9.5% cut but they don't guarantee the accuracy of the investor prospectus or even have to tell you if they plan to hedge or bet against the very product their selling you and since this is a private exchange-it's not regulated by the SEC.
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