Richard (RJ) Eskow – 10 Reasons To Be Suspicious About Wall Street’s Facebook Fiasco – 23 May 2012

Three of Wall Street biggest and best-known financial institutions handled the Facebook IPO, so why were people immediately suspicious when the stock soared and then promptly tanked? Easy answer: Because three of Wall Street biggest and best-known financial institutions handled the Facebook IPO.

Each of them – Morgan Stanley, Goldman Sachs, and JPMorgan Chase – has a history of exactly the kinds of unethical and/or illegal behavior that might, just might, explain what happened with Facebook.

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