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Facebook Backers Helped Short Sellers

Morgan Stanley adjusting thousands of first-day trades

By Rob Quinn,  Newser Staff

Posted May 25, 2012 6:25 AM CDT

(Newser) – Some traders at the underwriters of Facebook's bungled IPO were busy aiding short sellers who bet the stock would drop in the days after its debut, the Wall Street Journal finds. Insiders say traders at JPMorgan and Goldman Sachs were loaning out the shares...   Read full story »

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