Facebook, Bubbles, and Nigerian Scams

Lots of interesting speculation about the Facebook-Goldman deal:

Simon Johnson thinks it’s a taxpayer subsidy that is setting the stage for another bubble and subsequent financial crisis.

Justin Fox describes why going public is no longer such an attractive option, why Facebook may do a better job than Google at avoiding an IPO, and how some SEC rules are being bent along the way.

And the WSJ likens it to a Nigerian scam.

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