backs unmistakable. chris: there is a narrative that the between the blowback of bain and the fact that the president has gone so negative and personal on romney so early that he stumbled out of the gate. do you buy that? it is too early to know. the reality is the obama campaign always planned to use the two months of the summer, may june and july to try to define mitt romney. we are not sure if it is being successful or not. the rollout of bain capital was really nothing short of a disaster for them and they had a lot of time to do this. at least in the eastern sort of atlantic coastal region. chris: like the governor of pennsylvania and the mayor of newark had their own ties to private equity. all democrats, right. what matters is how they is internalized by voters in ohio and wisconsin and michigan. it is far too early to say that the president s campaign has
lead analysts at morgan stanley, the main underwriter for the facebook ipo, received privileged information about the company, information that they didn t share with retail investors. finra, the financial industry regulation authority, regulatory authority, the u.s. senate banking committee, and the commonwealth of massachusetts have all announced probes into the matter, and that was quickly followed by a lawsuit filed by some investors against facebook and its ceo, mark zuckerberg, alleging that both withheld material information from investors during the ipo process. now, specifically, they re talking about forecasts that revenue would be lower in 2012. facebook tells cnn, by the way, that the lawsuit is without merit. ron gefner is a former s.e.c. investment attorney. henry blodgett is the ceo of business insider, a website. back in 2003, henry handled a civil charge with the s.e.c., banned from the securities industry. he s a good friend of our show. and i say this becau
from investors during the ipo process. now, specifically they are talking about forecasts that revenue would be lower in 2012. facebook tells cnn, by the way, that the lawsuit is without merit. ron is a former s.e.c. investment attorney. henry blodgett, ceo of business insider, a website. back in 2003 henry settled a civil securities charge with s.e.c. he was banned from the securities industry. he s a good friend of our show. henry, i say this because it s relevant to our discussion. you probably know more about this now than most people do. unfortunately. if no laws were broken, no regulations breached, and it s quite possible that s the case, this still has some kind of stink that makes investors think the system is stacked against them. that s right. this highlighted a set of rules that really are grossly unfair to individual investors. it was similar in my case. when i got in trouble analysts working closely with bankers and ipos after the dot-combust. that s ludic
points. the first point he made was that private equity is a good thing and creates a lot of jobs, bain creates a lot of jobs. he later got into some of the other topics saying, i ve fired people. it s good because it creates efficiencies, it s good for the city and it s good for private enterprise to be firing people. he also made a point that he was, in fact, speaking as a surrogate for the obama campaign. he went into detail about saying i have here in my hands the surrogate notes that were provided me by the campaign for this appearance here. which here we go, let s take a look at this. i ve never seen anything quite as well done as what mr. cory booker did to obama yesterday. here he is, mayor booker. i m not about to sit here and indict private equity. if you look at the totality of bain s record, they ve done a lot to support businesses, to grow businesses, and this to me i m very uncomfortable. this kind of stuff is nauseating on both sides. it s nauseating to the american
days in jail for spying on his gay roommate with a webcam. that roommate committed suicide. was it a fair sentence? we begin with evening with president obama s most personal and most direct critique of his republican challenger, mitt romney. speaking in chicago at the conclusion of the nato summit and brush ago side criticism from a prominent democratic ally the president took aim at governor romney s tun you re at the head of the private equity firm bain capital. this issue is, quote, not a distraction. this is part of a debate we ll be having in this election campaign about how do we create an economy where everybody from top to bottom, folks on wall street and folks on main street, have a shot at success? the distraction critique came from cory booker who sunday urged the president and republicans to focus on the country s biggest problem. this kind of stuff is nauz ating on both sides. it is nauz ating to the american public. enough is enough. stop attacking priv