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This shows investment banks are scum: http://blogs.reuters.com/felix-salmon/2013/03/11/where-banks-really-make-money-on-ipos/ http://blogs.reuters.com/felix-sal

• penguindev 13y ago
  That is awesome and disgusting. On a tangent, it reminds me of the 'US Govt making money from federal reserve profits' talking point. Yeah sure, just as one would gain reward points by growing a credit card balance... you're not the one making the real profit (Goldman Sachs).