Buried Headlines: June 5, 2012

I wrote an article for Seeking Alpha last fall in which I was extremely bullish on Facebook, and I have egg on my face as a result. But I'm actually happy that FB's stock has tanked. Zuckerberg and company needed to be brought down a few pegs, and I continue to believe that FB will ultimately make investors very happy. When you have a company whose logo can be found literally everywhere, a company whose name has become a verb, you're on to something huge. That said...

Now You Can Short Facebook Through Morgan Stanley, FB's Underwriter!

I Agree: Facebook Is a Buy at $20

ECOMINOES FLASHBACK: Facebook Is Positioned To Take Over The World: Buy The IPO No Matter The Price

In other news:

The CBO Will Need A Bigger Chart To Forecast Exponentially-Rising US Debt

I Told You So: Obama Tanking On Intrade

I Agree: US Already in Recession, Extend Tax Cuts: Bill Clinton

Moody's Downgrades Six GERMAN Bank Groups, And Their Subsidiaries, By Up To Three Notches

UK Banks Sitting On £40bn Of Undeclared Losses

Dozens Apply For Job At Boston Law Firm That Pays Just $10,000 Per Year

Romney Vows Quick U.S. Exit From GM

The EPA’s Flawed Zero Tolerance Policy

Government Pays For Children To Walk Home From School