Facebook IPO - Lessons learned?

[bobabode]

Originally Posted by bhunter

Beautifully stated Whell.

More fairytale than textbook economics with the heavy
Originally Posted by whell
"There's a difference between greed and operating in one's own self interest. Self interest does not include deceitful behavior, and includes by definition taking care of the folks that will be your customers. Greed is self - destructive.

The economic system is not based on greed, and this is a major flaw in the thought process of some on the left, including the current occupant of the White House. Individuals operate in a self destructive manner when they attempt to rig the system in their favor, manipulate others, and take on more risk than most others would find acceptable with their self destructive behavior.

Anyone can lose site of operating in their own self interest and succumb to greed. This is not behavior that is exclusive to the left or right. It may very well be operative in the unfolding story of the Facebook IPO, and as such should be instructive about the failures of individuals, not the indictment of an economic system. "

Sounds like a cry for regulation from an already distressed economic system Whell & BH BTW get a room you two.

Portraying it as left-right thing is kinda funny. I don't see anyone giving a pass to Zuckerman. Sheesh, I want his ass deported and no tourist visas to come home for a visit. Hell, this guy isn't even an American citizen anymore. Do the super rich really run like rats off what they consider a sinkin' ship? Wouldn't be the first time..