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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ColleenB who wrote (45691)	8/10/2001 2:20:27 PM
From: LTK007	Read Replies (1) \| Respond to of 56532

i highlight<<----Investment bankers thrive on fees which mostly flow from the propagation of "good news" regardless of the interests of the investors who are also their clients. Regulatory bodies have long turned a blind eye to all but the most blatant abuses of separation of functions often relying on the good faith of the compliance officers of the investment banks themselves. The industry also has a record of crushing those researchers who draw attention to unethical but highly profitable behavior of the sort which leads to huge bonuses for participants. Hopefully the tech fallout will lead to a cleanup. But one has to ask why greed has been so long allowed to triumph over ethics at revered institutions of Western capitalism.----->> and i max add another thing ,corruption is ,was,and will be a prime essential ingredient of financial collapses. The public,i fear,is going to pay severely for what i believe be the extreme corruption at the top of bastions of financial institutions in the U.S. as they fed,inflated and nourished the single greatest bubble in our history.(it makes 1929 look small). My target for NASD is now 1000 by 2003.Thanks for the article.Max