Well, my contention was that sarbox is a tiny piece of the puzzle, just to make it clear. Closing a few loopholes and adding a few new costs didn't radically c

Well, my contention was that sarbox is a tiny piece of the puzzle, just to make it clear. Closing a few loopholes and adding a few new costs didn't radically change the game to my mind, compared to the already-huge distinction between public and private. Although you know more about this stuff than I do. I'm certainly not saying that FB is under any obligation to go public if they don't want to. Just that in this particular case, Goldman is primarily trading on them not being public rather than trading on their value. I mean, good for them for exploiting a bug, I guess, but this is why I think the financial industry are, in the large, a bunch of charlatans :)