Fund Manager On ALIBABA.CON: The New Poster Child of Bankster Corruption
SilverDoctors.com
September 25, 2014
Alibaba is now the poster child example of how corrupt and controlled by the bankers our entire system is.
Any professional money managers/fund managers who bought this stock for anything more than a quick flip should be strung up from an oak tree by the neck for breach of fiduciary duty.
It is completely inconceivable that the SEC would have approved this stock for issue in the U.S. market 20 years ago.
That the SEC put it’s meaningless “It’s okay to sell this stock to retarded U.S. investors” stamp tells us the degree to which our financial and legal system has become engulfed by the corruption and criminality of Wall Street banks.
BABA is the kind stock market nuclear waste that boiler room penny stock operators like Stratton Oakmont would stuff down the throats of helpless senior citizens and greed-crazed morons. It’s not the kind of garbage that, historically, any large Wall Street investment bank would have touched with a ten-foot pole. Although I can understand JP Morgan and Citi having no qualms about to selling BABA to anyone who picks up the phone call from their broker at those two firms, the fact that Goldman Sachs, Morgan Stanley and Credit Suisse were willing to sell this sewage to the public (historically these 3 firms left the boiler room rot to the sleazy penny stock firms in Long Island, South Florida, Denver and Salt Lake City and focused on real crime) tells us just how unethical and corrupted Wall Street has become.
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