Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1373608 Comments:2390
So it doesn't matter whether policymakers know about this extinction disaster or don't know about it. This study, like every other similar study in this and other research areas, will be ignored by policymakers. Yes, it will be cited by researchers doing future studies along these lines, which will also be ignored by policymakers.
This science is serious stuff, and that's why I'm reporting it, but I'm sorry—when people start talking about making policymakers aware of the problem in the expectation that something will actually be done about it, I can't take that seriously at all.
mcgowanjm posted on 2012-05-19 9:05:01 ET Reply Trace Private Reply Edit #27. To: mcgowanjm (#25)
And when the shares started to fall towards the offering price, it seems the bankers worked like mad to try to "support the deal." In other words, the investment bankers -- who have an agreement to make a market in the stock -- likely began buying shares themselves to keep it afloat.
And it makes sense. The bankers don't want to see it close below the offering price. The stock closed at $38.27 -- below where it opened, and just above the offering price. For the bankers, this was not casual Friday.
I heard FB stock had to be shored-up to stop it from falling further.
