Well, it's looking like the bank regs are not working. The point of the regs was, I think, to prevent any more bubbles caused by banks buying stuff with free money from the FED.
But, here we are with the Golden Sox guys buyin up Facebook in a secret deal with our money. They get all the upside and we take the downside. Since the money is free to them and since we take the losses, they can bid up the price of whatever they want until it crashes and we are holding the bag again.
Wot the hell, Barry. Not supposed to be that way. If there are any more of these deals, we are sure of another economic crash. Plain as the nose on my face[book].
Jon Stewart calls it out here: http://www.huffingtonpost.com/2011/01/07/stewart-facebook-goldman-_n_805701.html?ir=Business
If this don't get fixed, itsa nother nail in our coffin.
We countin on y'all up there to put a stop to this casino banking with our money.