How the rich get richer

The fixers fixed it so the fixees stayed fixed, says Bill Bonner.

At first, when I listened to the accounts of old-time deals and devices I used to think that people were more gullible in the 1860s and 70s than in the 1900s. But I was sure to read in the newspapers that very day or the next something about the latest Ponzi or the bust-up of some bucketing broker and about the millions of sucker money gone to join the silent majority of vanished savings.(Reminiscences of a Stock Operator, circa 1923.)

Poor Zuckerberg. He's got all those Facebook shares. And they're dropping in price. The stock closed a $31 yesterday, down 30% from the post IPO-high, and then kept sinking. It was down to $30 in afterhours trading.

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