Goldman-Sacks, the prime player in derivatives that caused the last collapse requiring that the tax payers bail them out is at it again. This time they are offering a sweetheart deal to its wealthiest clients for a piece of Facebook before it goes public. That way they can reap huge rewards when the price is driven up on the first few days of trading. I hope some of the big institutional investors will balk at buying stock in Facebook so as to deny Goldman and it’s cronies from getting around SEC rules about disclosure. I think they have enough. After all, Lloyd Blankfein the CEO of Goldman raked in almost 10 Million Dollars during a difficult year!
