Weekly event #1

The senate announced that they are going to hold an investigation into the lunch of of the company Facebook IPO last week. Even though the stock did terrible in it's first week, congress wants to look into the rumors of With holding info from some stockholders and giving advantages to other holders. This is big story. The nightly news programs have been running stories about the lunch and the impact this could have on the company and the stock market. The fact that congress is investigating is a big deal in the media but to me they are just trying to score political points with the voters. They probably won't find any wrong doing. They have more important issues at hand like fixing the tax code Citation: http://money.cnn.com/2012/05/23/technology/senate-banking-facebook/index.htm