Corporate Governance

Goldman-Facebook: Globalization or somebody?s cat?

By Jay D. Dean

?Goldman Sachs? decision to lock U.S. resident investors out of its Facebook private placement failed to dim the spotlight on the transaction. In one comment, blogger Yves Smith coined the phrase: ?The Goldman Uncertainty Principle of Securities Regulation.? This, he explains, is meant to refer to a state of the ?world of Schrodinger?s cat, where legality is in an indeterminate state until someone takes the trouble to look.? http://www.nakedcapitalism.com/2011/01/the-goldman-uncertainty-theorem-of-securities-regulation.html.

Full post as published by PomTalk on January 18, 2011 (boomark / email).