Did Investment Bankers Really Do Anything Wrong?

from the depends-on-how-you-look-at-it dept

A good look at the investigations currently underway looking at some of the shadier investment banking moves in pushing IPOs. We've discussed a number of these before, but this article suggests that not much about what was done was really bad. At best it could be summed up by saying that the bankers were greedy (which comes as a surprise to only those who have never met an investment banker). The SEC is suggesting that the smaller individual investors were duped by these practices into losing their hard earned money. The article points out, correctly, that there was enough hype out there that these individual investors were easily being duped without the aid of investment bankers. It's not as though without the tie-ins and other kick back measures everyone would have ignored the internet craze. Maybe the SEC should be investigated the media instead for creating the hype.
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  1. identicon
    Ed, 30 Jul 2001 @ 2:37pm

    No Subject Given

    Would the hype have existed in the first place if the IPOs were not orchestrated by the investment bankers? If every post-Netscape IPO had been as spectacularly mediocre as, say, Loudcloud, then would the whole net bubble have happened?

    link to this | view in thread ]

  2. identicon
    ragavendra, 24 Nov 2008 @ 9:09am

    Re:Did Investment Bankers Really Do Anything Wrong?

    The investors especially the small scale investors are the sufferers in this market situation.
    ----
    ragavendra

    MLS

    link to this | view in thread ]


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