Facebook IPO: An Open Letter to Mark Zuckerberg
“We don’t build services to make money; we make money to build services.” Mark Zuckerberg, his I.P.O letter. As we all know, Facebook and Mark Zuckerberg are on the verge of a massive I.P.O. It may be the biggest sale of a stock in history. Mr. Zuckerberg says he does not think in terms of […]
Banksters:Changing The Rules & Putting The Squeeze On Consumers
It doesn’t seem that the US banking industry has learned anything from last year financial meltdown. Do they care about the overall health of the US economy? No. Do they care about American consumers? Even less. Despite having received an astronomical amount of money from the tax payers in 2008 & 2009, a lot of […]
Paulson Claims Of No Wrong Doing In The Bank Of America/Merrill Deal
Yesterday, the House Oversight & Government Reform Committee continued its investigation of the Bank Of America – Merrill Lynch merger. It was the 3RD part of the hearing titled: ” Bank Of America & Merrill Lynch: How did a private deal turn into a Federal bailout?”