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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: nsumir81 who wrote (51088)4/14/2002 9:47:04 AM
From: LTK007  Read Replies (2) of 99280
 
This shows the process of revealing the criminally fraudulent activities of the big brokerages during the internet ipo explosion.
They have evidence, and it appears Blodgett and others are going "to sing" and thus have it revealed in headlines what a corrupt scam operation much of Wall Street be, as they are expanding their investigation beyond Merrill and will be looking at most every firm prominent in the internet ipo confidence game.
It will be clearly demonstrated that they, the banking side of these firms were in direct contact with the analysts and telling them to pump/hype/lie.
NYS is also,and this is good, to charge, in that in no way was the general public aware or could be expected to be aware that a "Hold" rating was a coded signal to sell like hell, that thusly this rating system was a part of the whole corrupted system, and they will be held accountable.
When this finally breaks as a media story, it will shake Wall Street,imo.Max
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