Facebook Plunges, Regulators 'Outgunned,' Shareholders' Demands And More

Tuesday, May 22, 2012 Facebook Value Down About $15 Billion In Three Days Facebook shares are melting down again on Tuesday, and though the rest of the stock market doesn't seem to care, it should: This episode will likely further cement Main Street's hatred and distrust of Wall Street. That's because the Facebook IPO had examples of pretty much everything that is wrong with the stock market today. Media and analyst cheerleading? Check. The destructive influence of high-speed trading? Check. A system built for insiders to profit while retail investors pick up scraps? Duh. Regulators: We're 'Outgunned' By Wall Street Nasdaq CEO: 'Clearly We Had Mistakes In The Facebook Listing' Shareholders Demand Companies Open Up About Political Spending Jon Corzine Netted Millions From MF Global In Year Before Collapse One Surprising Consequence Of America's Higher Divorce Rate BLOG POSTS Michael B. Keegan: Bain's Not Just Fair Game, It's the Only Game Let's have a conversation about whether or not Romney's success in making money for investors through his position at Bain qualifies him to be president. Making money for investors doesn't mean that you know how to make the economy work for all Americans. William Astore: What Do Corporations Want? Americans admire plucky individuals, those who cry "Give me liberty or give me death." But how much liberty do we truly have when we cede so much power to corporations? Christopher Hellman: War Pay: The Nearly $1 Trillion National Security Budget Recent months have seen a flurry of headlines about cuts (often called "threats") to the U.S. defense budget. Here, then, is a simple question that no one bothers to ask, no less answer: How much are we spending on national security these days? Norman Lear: Business Fights Back Until the Truth Is Out The charges against flame retardant manufacturers have to be hogwash! Just another cheap shot against Big Business. How can so many people, and Americans no less, knowingly turn out a product capable of doing such dastardly harm? Impossible! Nathaniel Loewentheil: Scott Brown and Wall Street -- Holding On Tight Anyone who reads Scott Brown's letter carefully can see it for the transparent and disingenuous attempt by Brown that it is to look concerned about the havoc in the financial markets.

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