SMRs and AMRs

Saturday, May 26, 2012

Facebook IPO corruption is emblematic of our corrupted financial system

Here's an explanation of Facebook's IPO and how the stock market works in general:
1st -- corrupt bankers picked to sell the stock.
2nd -- corrupt bankers fill media with sales/corporate propaganda.

3rd -- corrupt bankers make IPO unavailable to anyone but the rich.

4th -- corrupted market claims "technical difficulties" for first 2 hours stock is traded.

5th -- corrupt banks dump stock leaving customers/investors with huge losses.

6th -- corrupt banks spread propaganda supposedly explaining what happened.

7th -- corrupt financial professionals/economists/writers all invent more lies fitting their corrupt paradigm.

8th -- corrupt politicians feign concern, collect more campaign money.
(from Democratic Underground)

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