Pluto C. Rat: Is this a splendid example of US capitalism’s “free markets”?
US investors blackballed in stock exchanges within a “free market” economy:
“Goldman to exclude U.S. from Facebook placement”
“NEW YORK (Reuters) – Goldman Sachs will limit its private placement of shares of social networking site Facebook to investors outside the United States, citing “intense media coverage,” the investment bank said.
Goldman expects to raise $ 1.5 billion for Facebook, the wildly popular site used as a message board and for online social networking. The chance to buy a slice of Facebook ahead of any future public listing attracted widespread commentary and news coverage, which potentially could bring it under regulatory scrutiny.
“In light of this intense media coverage, Goldman Sachs has decided to proceed only with the offer to investors outside the U.S.,” the company said in a statement provided to Reuters.
Goldman began notifying clients of its decision on Sunday.
“We regret the consequences of this decision, but Goldman Sachs believes this is the most prudent path to take,” Goldman said in the statement on Monday.”
@Upon seeing this (and being reminded), you might with to reconsider your shared opinion herewith:
index;_ylt=AmCfIKQmQU2eV8ehUZo0dILsy6IX;_ylv=3?qid=20110117172331AAmzONR
@Correction: with > wish
Answers and Views:
Answer by Tea Party Now!
We haven’t had free market Capitalism since Woodrow Wilson.
Yet cons continue to fight for wall street and multinational corporations, while blaming the poor…
What a joke.
Answer by PfoGoldman’s actions might be illegal. Give it a year, I bet the SEC charges them for this.Answer by my samy
wall street seems to be a dictator ship to meAnswer by AAHHHH!
Yeah low priced and free to anyone except Americans….that’s just great…..Answer by Joe Friday
Tea Party Now! is correct. Sadly, China’s markets are closer to a free market than the US.Answer by coldfuse
So much for Obama’s top donor.Answer by Lloyd J
I still don’t see how Facebook makes money except for the little ads in the right column. I understand they have not made a profit yet.Answer by A Voice of Reason
Yes.Answer by tigeress
This is a prime example of Big business dictators trying to control our government and we the people and after we bailed them out too.
Leave a Reply