Facebook ripoff a big surprise? No it’s just another nail in the coffin (preceded by the likes of Bernie Madoff, Jon Corzine & the SEC, Fannie & Freddie, Chris Dods, Barnie Franks, Jamie Dimon and Morgan Stanley to name a few) for the integrity of Wall Street and in fact, the rule of law.
Let me recount the facts. Shares of FB have fallen approximately 17% in a week (not supposed to happen in an IPO). But don’t worry, the 1-yr target is 45 -HA!
First of all, Morgan Stanley severely over-valued & over-sold a company which produces no product. And when it became apparent the stock was faltering, Morgan Stanley notified selected analysts who passed it on to major investors & the elite (read: insider trading). Then NASDAQ had a trading glitch (wink-wink) for 17 seconds -a lifetime in the nano-second world of computerized stock trading, but very convenient. Bottom line the 99%-ers got the broom-handle up the wazoo again!
Ok, election 2012 five months out and it’s pretty clear they will stop at nothing. There’s no level they won’t stoop to, though they’re having to put out some fires, like Newark’s Mayor Cory Booker slamming Obama’s mis-characterization of private equity. (ALL candidates including Obama & Booker receive huge money from private equity firms)!
Did you notice YouTube has scrubbed this & removed the audio portion?!! WHY?? Because Booker, an Obama supporter went off the reservation and criticized Obama’s continual slamming of Bain Capital. Now YouTube only shows Booker reading from a script on his laptop after the fact, back-pedaling as fast as he can.
But, moving on, a new law before Congress, H.R. 5799 would require all universities and colleges that receive federal funds (duh, that would be about all of them), repeat, would require these schools to offer and encourage voter registration to their students essentially turning the schools into “Voter Registration Agencies” and allow “same day registration” on election day! The bill has 130 co-sponsors, all Democrats. No voter ID required -just pass for a student.
And if that doesn’t do the trick. Check this out. A Spanish company called SCYTL has acquired the leading vote processing company (SOS) in the United States and will be counting a majority of the votes cast in November. With all the cyber attacks and hacking going on, this doesn’t exactly make me very comfortable. And do you suppose Spain (25% unemployment & massive debt) may have an interest in the outcome of our elections? With this global “spread the wealth” crowd currently in office and the alternative if not re-elected, I think the answer may be YES.
~Remember: The government has NO resources. They produce NOTHING (just like Facebook). They can only take from one group and give to others they feel more worthy of their largess (buying votes). Support tax reform!