NEW YORK ( TheStreet) -- In the world of investing, people tend to see only what they want to see, which can cause a world of pain. On this turf, "what you see is what you get" has never worked. "Due diligence" rules, as corporations have become highly skilled at pretending to be something they are not. One primary example being Enron, which not only brought increased scrutiny to corporate disclosures, but generated a new breed of investors filled with pessimism and mistrust toward Wall Street.There continues to be a fallout surrounding the Facebook (FB - Get Report) IPO, where even Robert Greifeld, the CEO of Nasdaq, is offering up apologies and considering ways to repair damages to brokers who suffered losses, particularly due to Nasdaq's "technical problems," among other things. However, in typical Wall Street fashion, these same brokers insist that the financial terms that have been hinted upon are not enough to cover what has been estimated to be over $100 million in losses.
Facebook: Smells Like Enron
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