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Power Line: "Two unrelated stories in the news tonight remind us of the importance of the regulatory environment. First, Goldman Sachs announces that Americans will not be permitted to invest in Facebook:

Goldman Sachs decided to exclude US clients from the private offering of as much as $1.5 billion in shares of social-networking company Facebook, citing 'intense media attention.'

In a statement provided to The Wall Street Journal Monday, Goldman said the move came after officials at the New York securities firm 'concluded the level of media attention might not be consistent with the proper completion of a US private placement under US law.'"

But don't worry. Government regulations have no unintended consequences.