Washington Defriending Investors

Gordon Crovitz of the WSJ writes how the ‘unsocial’ funding of Facebook in a $500 million Goldman Sachs private placement is a wake-up call to Washington with regard to how regulators have undermined the public markets.

The gist of the argument is that the additional bureaucracy and red tape required by public markets, along with the current implementation of Reg FD has diminished and delayed a number of IPO’s, thus depriving the public of fabulous investment opportunities.

We couldn’t agree more.