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<p>[QUOTE="Cloudsweeper99, post: 1448314, member: 3011"]Regarding FB, it was foolish on the part of anyone who bought it, and the result was predictable. Even a superficial analysis of the financials shows that the company was grossly overpriced. But it's a free market and the duty of the investment banker is to match supply and demand. Nobody held a gun to their head and forced them to buy, so I don't feel sorry for anybody involved.</p><p><br /></p><p>Regarding JPM, you have already convicted them in your mind in lynch mob fashion even though you have no proof of a crime. I can see you, arms flailing, mouth foaming, voice shreeking -- and you call my statement emotional? After you have been in our country for awhile, you will learn that it takes time for prosecutors to gather evidence. The more complex the case, the longer it takes. And until charges are brought, a trial held, and a conviction determined, the accused is presumed innocent.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1448314, member: 3011"]Regarding FB, it was foolish on the part of anyone who bought it, and the result was predictable. Even a superficial analysis of the financials shows that the company was grossly overpriced. But it's a free market and the duty of the investment banker is to match supply and demand. Nobody held a gun to their head and forced them to buy, so I don't feel sorry for anybody involved. Regarding JPM, you have already convicted them in your mind in lynch mob fashion even though you have no proof of a crime. I can see you, arms flailing, mouth foaming, voice shreeking -- and you call my statement emotional? After you have been in our country for awhile, you will learn that it takes time for prosecutors to gather evidence. The more complex the case, the longer it takes. And until charges are brought, a trial held, and a conviction determined, the accused is presumed innocent.[/QUOTE]
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