By: Cullen Roche
The banks didn’t come to Washington crying. What they did was hold the govt hostage and essentially say – “let us fail and the whole thing comes tumbling down on your head. Your call”. This is pretty...
View ArticleBy: Johnny Evers
Men like Geitner, Paulson, Bernanke are bankers first and public servants second. So the banks didn’t need to ask, they didn’t need to hold anybody hostage. They already had their men in the government...
View ArticleBy: Andrew P
I might consider buying FaceBerg if it drops below $4. The price is still way too rich.
View ArticleBy: Tom Brown
Cullen, You wrote “There’s no crying on Wall Street.” Well then, how do you explain the actions of Hank Paulson, Ben Bernanke, and Tim Geithner when the banks and GE came to them in 2008 and 2009 with...
View ArticleBy: Mike Bell
” And without getting into the really mundane specifics (like whether they knowingly misled investors about growth, but that’s a totally different story)” Seems to me that is far from mundane and an...
View ArticleBy: John Wilkins
While you (and Cuban) are correct, I think you are underestimating the moral effect on Facebook management and employees. A very large part of key employee compensation comes from stock options. When I...
View ArticleBy: Tradeking13
What if you are a Facebook employee (I’m not) who was granted stock based on an over-inflated stock price? Those people have a legitimate gripe.
View ArticleBy: Erik V
Thank you Cullen! Finally someone who knows what IPOs are really for. It’s amazing the number of people out there who get this completely backwards.
View ArticleBy: Aspen1880
bingo! thank’s cullen. cullen and cuban are spot-on. zuk is one smart dude. he dupe’d the sell-side market. he fought the law and the law lost. zuk was also up-front about his fleecing of the market –...
View ArticleBy: FXTrader
Sorkin responded to the original Cuban piece saying: “That might make sense if a company is selling itself for cash to a buyer in a merger or acquisition — which is a one-time event — but it misses the...
View ArticleBy: Cullen Roche
YES. Sorkin seems to think Facebook has some responsibility to cater to the short-term obsession of Wall Street’s trading community. He totally confuses the purpose of a secondary market and a primary...
View ArticleBy: Tom Hickey
Cuban is clearly right. The purpose of an IPO is to get the best price. It was apparently a success. And you don’t lose money until you realize the loss. Many people may be down, but they are not out...
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