Our Economic Times: What’s in an IPO?

This news article was published in Savannah Morning News.

The soundness of the U.S. financial system is under immense scrutiny once again. With rubble from the global financial crisis still in our rearview, the largest technology IPO from Facebook - and subsequent flop - in history and a multi-billion dollar loss from JP Morgan Chase (our nation’s largest bank) suggest that financial markets may be suffering from a prolonged bout of amnesia. Again, markets are engulfed in whirlwinds of misleading behavior, excessive risk taking, mismanaged capital and poor judgment...