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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Giordano Bruno who wrote (248209)7/2/2003 5:12:16 PM
From: At_The_Ask  Read Replies (1) of 436258
 
The judge said as much in Wednesday's decision. "The alleged conflict of interest between brokerage firms, investment bankers and research analysts that underlies the entire complaint was a matter of public knowledge for years before the amazing boom of the market initially rewarded those who disregarded such caveats," he wrote.



This is total bs. Public knowledge to whom? Normal people don't know this kind of stuff. Even if it's true why are the houses allowed to perpetrate this kind of scheme anyway?

They will roll out the rico statutes on some kids for selling a bag of pot but con jobs like this go unpunished.

All it would take is court order halting equity ratings by anyone that does investment banking and the whole thing would be over. It's plainly fraudulent. f*ck the gubmint...ng
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