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May 30, 2012

A Quick Thought on the Facebook IPO

Once again, I find it very ironic that the federal government is sending multiple agencies to investigate a rumor that Morgan Stanley may have leaked inside information about problems with Facebook's earnings. Yet, customers of a commodities brokerage firm (MF Global) watch $1.5 billion of their own funds vanish in the collapse of the company, and where's the federal investigation. It leads to the greater question: Is the government going to protect you when the guy giving you the screws is friends with the government?

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