Wall Street is up to their old tricks again. The pricing of this New York Mecantile Exchange IPO is like old times again. Between the private equity guys, the hedgies running public companies like hedge funds (can anyone say fast Eddie Lambert?), and Thains article in todays WSJ, I'd say it's about time for the weekend to quell my fears.
Makes me wonder how many hedge funds with long exposure to crude are under water?
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