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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Dan Duchardt who wrote (10056)4/27/2002 7:18:07 PM
From: agent99  Read Replies (1) of 12617
 
Does this strike anyone else as missing the mark? Why is he apologizing for the e-mails? The underlying and reasonable assumption is that the e-mails represent what Merrill's analysts really thought about the stocks they were promoting. The apology ought to be for the public lies told to line their pockets at the expense of investors they lied to.


I had the VERY same reaction. The tepid 'mea culpa' sounds like they're trying to make scapegoats of the analysts when it's the whole system that was rotten. I wouldn't be surprised if Komansky himself, as well as most of the other senior management at Merrill knew about the practices and condoned them or at least cast a blind eye. I hope Mr. Spitzer pries into more than just the analysts' emails. That would surely produce fascinating results. Can you spell SMOKING GUN?

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