CBS Evening News for Tuesday, May 22, 2012
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(Studio: Anthony Mason) How banks cut revenue forecasts for Facebook before the stock went public but only told top clients examined. [Greencrest Capital economist Max WOLFF- calls this a misadventure of epic proportions: says Morgan Stanley did not tell everyone; indicates this has been a reminder about Wall Street.] [SEC chairman Mary SCHAPIRO- comments on "issues."] How this is the worst high-profile public offering with investors being the biggest losers discussed.
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