2012-05-24blogspot.com

``Facebook is the classic example of the "derivative" risk embedded in a fiat system.  The value of Facebook stock is supposed to represent the inherent economic wealth of Facebook as a business.  But what happens when the "counterparty" making representations of the amount of this wealth makes differing representations of the amount of Facebook's value to different segments of investors participating in the Facebook IPO?  What happens when promises from management get conveyed on different levels to different investors?'' -- From a former "streeter" who knows...



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