Whitewashed Blackstone IPO

The Bigot Jesse Jackson is at it again, and now he's after the nappy headed baller Stephen Schwarzman and his "racist" IPO of Blackstone. Apparently Blackstone didn't go out of their way to put any "minority owned" firms at the top of the syndicate.
This is obviously a boldfaced lie. First off, who owns a public firm? A: Shareholders. This IPO is co-led by Citigroup, whose biggest shareholder is Saudi Prince Alwaleed bin Talal, member of a minority group that is highly ostracized by contemporary American culture. (Note: Prince bin Talal has not donated any money to Jesse Jackson) Second, Schwarzman belongs to a minority group himself, and a much smaller one than African Americans. (Note: Jesse Jackson hates Hymies.) Finally, note that while 7 so called "minority owned" banks did make the cut, heavyweights Goldman and JP Morgan were originally excluded, but finally were allowed to take a third-tier spot. (Note: Goldman and JPMorgan did not donate any money to Jesse Jackson and thus are of no importance to him.) So in case you haven't figured this one out yet, only firms that give money to Jesse Jackson, like Blaylock Capital, matter to Jesse Jackson. Hey, the man has illegitimate children to feed.

clipped from blogs.wsj.com Jesse Jackson is not impressed with Stephen Schwarzman’s new-found wealth. What Jackson is more focused on is the list of underwriters for the $4.7 billion IPO of Schwarzman’s firm, The Blackstone Group. In an interview with Deal Journal, Jackson says the share sale unfairly shortchanges minority-owned firms. “We’re going to protest this pattern of exclusion,” Jackson says. He calls it “Wall Street apartheid.” “We are qualified people to be on the front side of this deal.” He named minority-owned firms including Blaylock & Co., Loop Capital and Williams Capital. Such firms have “not a capacity but an opportunity deficit.” Jackson says that because firms going public are subject to regulation, Blackstone is “obligated to be inclusive and fair.” He says he will push for hearings on the matter on Capitol Hill if his concerns aren’t addressed. We should also note that [a] number of minority-owned firms have contributed to Jackson’s various causes