CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Joseph Beltran who wrote (8229)	7/24/2001 9:34:38 PM
From: Bob Kim	Read Replies (1) of 17683

Joseph, The analyst conflict-of-interest argument is probably the one ML fears the least and the one they would probably win most of the time. So they probably don't mind the media's fixation with it. The angle they probably fear is the one that addresses whether or not Blodget's research and actions met appropriate standards. IMO, a lot of his research did not. Based on your comments from today's CNBC interview, I'm guessing ML is going to defend Blodget. If that's the case, then someone along the research approval chain might be targeted as a scapegoat for approving inappropriate research or not catching Blodget's mistakes.

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