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Detailed text transcripts for TV channel - MSNBC - 20110106:20:24:00

internet bubble and how much of goldman's gamble is backed by the taxpayer's dollars. greg is the author of "the greatest trade ever" i want to get straight to this. i was out with a buddy who works in finance. we were talking about this. is facebook really worth 50 billion bucks? >> it's a good question. yours trully wrote a story a few years back when google went public it wasn't worth valuation and doubled and tripled. on all kinds of conservative metrics, the average investors looked at is really expensive. people estimate that perhaps they made $2 billion of revenue this last year. at $50 billion valuation it's a very heavy high multiple. it's not for those who kind of use these traditional multiples. >> goldman sach now investing

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