Goldman Sachs Says No Facebook Shares For US Investors 529
theodp writes "In 2009, Robert Cringely speculated that the day might be coming when Goldman Sachs decides the United States isn't worth dealing with anymore. Crazy, eh? Maybe not. Blaming 'intense media attention,' Goldman Sachs has decided to exclude US investors from a $1.5 billion Facebook offering. In a nicely-timed all-investors-are-not-created-equal MLK Day statement, the US taxpayer bailout beneficiary said, 'Goldman Sachs decided to proceed only with the offer to investors outside the US....We regret the consequences of this decision, but Goldman Sachs believes this is the most prudent path to take.'"
Re:So what GS is saying is.... (Score:5, Funny)
Re:Where's my cheque? (Score:5, Funny)
Re:Where's my cheque? (Score:5, Funny)
Have you seen our women?
If you can afford to feed one, you can have one.
Re:Where's my cheque? (Score:3, Funny)
Re:Good (Score:4, Funny)
Going public means having to comply with Sarbanes-Oxley [techdirt.com]. Compliance is an entire industry unto itself, so the law of unintended consequences happens:
Without SarbOx, something this complicated and dangerously-close-to-illegal would just be stupid, and Facebook would be publicly traded, with all the oversight that entailed. But, maybe all that extra regulation everyone's dodging already prevented a second Enron~
Re:So what GS is saying is.... (Score:5, Funny)
A banker with a conscience? Hahaha that's the best joke I've heard all night.
Re:So what GS is saying is.... (Score:5, Funny)
Goldman Sachs can... (Score:1, Funny)