Aren’t you happy you didn’t get in on a Facebook Fund?
The boiler room brokers who’ve spent the last 6 months pounding their clients and prospective clients to get in on their “Facebook IPO funds” now have some ‘splainin’ to do.  I explained what these were in a post last week, read it here.

Anyway, now their “clients” are locked into a private placement vehicle that purports to own shares – most of which are likely 144 lock-up shares (non free-trading stock).  They pitched the fund as “the only way to get in on Facebook before the IPO!”  I imagine that the sizzle that sold this…

Getting Real on Goldman Sachs and Greg Smith

A few months back, when the AOL/HuffPo assimilation of TechCrunch went pear-shaped, we were treated to a baker’s dozen or so of “Why I’m leaving TechCrunch” essays from just about everyone from the top guys down. The meme had run out of steam when we got to the valet parker’s piece in Vanity Fair entitled “I ain’t parking no more cars at TechCrunch no more, chulo.” This morning’s “Why I am Leaving Goldman Sachs” op-ed in the New York Times has ratcheted things up a notch – a Jerry Maguire-esque screed about how the culture has changed and…

What to Expect from an Amazon Review…

OK, the big news is that a messenger just showed up at Fusion HQ with the first hardcover copy of Backstage Wall Street.  Now it’s actually a thing that exists in real life.  Behold!

Holding this thing in my hands after a year of working on it is one of my proudest moments for sure…

But I have a bit of trepidation after skimming through the Amazon reviews of other recent finance books.  I looked at how the reviewers commented on Carl Richard’s new book (which is awesome), on Joe Terranova’s book, on Lee Munson’s book etc. Lots of…