Video & Multimedia
Related: About this forumPapantonio: Banker Pigs At The Facebook Trough
Mike Papantonio appears on Viewpoint on Current TV (with guest host John Fugelsang) to discuss the lawsuits that have erupted over the fraud that led mom and pop investors to lose millions in the Facebook IPO, while bankers managed to walk away with $100 million.
<iframe width="480" height="360" src="
HopeHoops
(47,675 posts)Who needed the insider information? It was beyond obvious what was going to happen. The banks will come on on head because they bet against it. The suckers who bought into the IPO price were going to get screwed and the banks win again.
Plucketeer
(12,882 posts)fuckings is this country gonna stand for before it moves to action???
zeemike
(18,998 posts)And the suckers are left holding a bag full of worthless paper.
miamipilot
(82 posts)Locally owned, small businesses constitute about one half of the private US economy in terms of output and jobs but they receive almost no investment from the nations pension funds or from mutual, hedge, venture, or any other kind of investment funds.
Crowd-funding applies the power of social networking to create a capital-raising alternative that is proving increasingly effective because it allows unlimited numbers of small investors to kick in sums as meager as $5 to $10. The only problem is, under US law, these alternatives are be currently illegal but are soon to become legal under the the Obama JOBS act that was just passed.
Go to the link below and learn about equity-based Crowdfunding and learn how it will play a huge role in the New Economy in an effort to further dismantle our current version of crony-capitalism: