[nopardons]

Add Martha Stewart's IPO to the list of downward priced to " special people" and then took off. Of course, it's now very much off it's opening day price.

[Political Junkie Too]

...Salomon Smith Barney unit of Citigroup gave telecom execs big slices of hot IPOs.

Is this how Terry McAuliffe made mathematically impossible profits on Global Crossing? Will the path lead through him to Rubin and Clinton?

-PJ

[AntiScumbag]

keenan is a rube

the fact that the bankers underestimated the public appetite for hype and didn't know that dot-bomb and other miscellaneous high-tech offerings would be instantly bid up to ludicrous levels by idiot "investors" isn't surprising

the fact that goldman was priced "correctly" was because the brokerage biz was and is a relatively well known quantity, and to try to draw any inference from it regarding how dot bombs were priced is ridiculous

to suspiciously note that there was no complaint from the offering companies is the height of silliness

etoys, for instance, got about $160 million for a totally stupid pipe-dream which had never done anything but burn cash at a ferocious rate, and all of its insiders had just become multi-millionaires and were proud of the fact that it instantly quadrupled, further inflating their net worth and egos

the bankers will all produce pre-ipo tentative order books which justify their pricing of every new issue

the "news" that ipo shares got funneled to friends and potential clients of the offering brokers is like disclosing that the sun rises in the east

[Donald Stone]

BUMP !!!!!

[Freebird Forever]

Something similar to the Ann Coulter Rule should be applied to threads where Terry Keenan's name is mentioned.

Anyone care to post some pix?

[Donald Stone]

One can only imagine how may more CEOs and CFOs were in on the act - not just at Salomon but at other firms up and down Wall Street..

Here's another bankrupt jewel from Salomon Smith Barney and Goldman Sachs;

Pinnacle Towers which made an estimated $8 million dollar payment to a Mark C. Sappertsein (personally)for certain cellular tower assets which Sapperstein had obtained in a very questionable manner.

Mark Sapperstein just happens to be a very close personal friend and political crony of the Maryland Attorney General, Joseph Curran Jr.

Now that Pinnacle is in bankruptcy the private investors (shareholders)get the shaft while certain parties now get the cellular tower assets for pennies on the dollar

[Political Junkie Too]

Daytime bump...