Wednesday, May 23, 2012

Watcher's Council "End of Irrational Exuberance" Edition

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The Watcher's Council: Over 30 articles from some of the top conservative bloggers around the world and all in one easy to read location!
If it's Wednesday (and sometimes early Thursday) that can mean only one thing! That the time has come for the weekly collection of article nominations at the Watcher's Council to make themselves known!
This week’s Watcher's Council article offerings are dedicated to that other recent offering, the Wall Street bomb aka Facebook that was one of the most anticipated  initial public offerings possibly of all time.

It was an offering so hot and sizzling that the number of shares being sold was raised along with the price to over 400 million and $38 respectively.

Incredibly say some and predictably say others, Facebook shares are now trading at or close to a 2-handle which, for those who received stock in the offering at $38 and didn't flip it or who paid above that number to get a piece of "internet history", is a quick and significant loss.

Some pundits are calling this deal and the lead underwriter Morgan Stanley an unmitigated disaster due to the stocks performance.

I say isn't it the job of the underwriter to maximize the amount of money received by the company and not to leave money on the table so that the institutional investors can clean-up by flipping the stock at the open?

Damn straight it is although if you have something to disclose and want to avoid a look from the Feds and lawsuits from investors you should tell it to everyone and not just a select few!
And now, the Watcher's Council
So now who and what is the Watcher's Council?
The Watcher's Council is a long-standing group of 15 conservative bloggers from around the world and winner of the 2011 Fabulous 50 Blog Award in the category of Best Conservative Blog-Ring.
Each week, first thing Wednesday morning, we the members of the Watcher's Council make known our two articles for public consumption; one of our own (Council) and one from somewhere around the blogosphere (Non-Council) that address issues we feel are particularly timely and important to present.
After a secret ballot among the members, Friday morning the winners in each category are announced and the grand prize, the appreciation of our peers, is awarded!
Watcher's Council home gamers are not only welcome but they are encouraged! Pick your favorite articles below and cast your vote in the comments section.
For the week of May 21, 2012 the Watcher's Council nominations are...

Council Submissions
The Noisy Room – The Fiction of Barack Obama
The Right Planet – Marx Is For Hippies
The Colossus of Rhodey – Still More Narrative Fail
GrEaT sAtAn”S gIrLfRiEnD – Yemen Blitz
The Glittering Eye -The Enforcement Deficit
The Mellow Jihadi – The Biggest Loser, Navy-style
Honorable Mentions
Maggie’s Notebook – Obama’s Gutted MediCare
Non-Council Submissions
Mark Steyn –Eternally shifting sands of Obama’s biography submitted by The Noisy Room
PJ Media/Roger Kimball – Who Is Barack Obama? The Question that Won’’t Go Away submitted by The Right Planet
Andrew McCarthy – Western Sharia submitted by Joshuapundit
Truth Before Dishonor – Just who is waging a war on women? submitted by The Colossus of Rhodey
FrontPage Magazine – Chicago Braces for Leftist Violence and Mayhem submitted by The The Independent Sentinel
The Texas Scribbler – Lynching A Black Man submitted by Simply Jews
Center for Defense Studies – Rushing for the Exits: The Wrong Lesson of Afghanistan submitted by GrEaT sAtAn”S gIrLfRiEnD
Israel Hayom -A Worthless Piece Of Papersubmitted by The Political Commentator
Maggie’s Farm/Bruce Kesler-The Difference Between John Kerry 2004 and Barack Obama 2012 submitted by Bookworm Room
American Spectator -Losing the World to Win Reelection submitted by Gay Patriot
The Other McCain – Brett Kimberlin Saga Takes a Bizarre Turn, Forcing Me to Leave Maryland submitted by Rhymes with Right
Paul Miller/Shadow Government – Obama’s legacy on Afghanistan submitted by The Glittering Eye
Commentary – The Failure Of Arab Liberals submitted by The Watcher
Gatestone Institute – Apartheid: The Big Lie submitted by The Watcher

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