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To: stockman_scott who wrote (169279)4/13/2002 12:00:37 PM
From: OLDTRADER  Read Replies (2) | Respond to of 176387
 
RE:Stockman Scott:Not one single poster has had the courtesy to wire me how right I have been for four years telling this thread that MER were crooks-precisely what Spitzer is disclosing-I will testify if they ask me.This is a glorious time for me as I have known this after 43 years in the business-- in spades!!!!-The top people in these firms should "go to jail"-Paine Webber MER Smith Barney--their crime-"putting their own pecuniary interest FIRST and their clients interest LAST!"



To: stockman_scott who wrote (169279)4/15/2002 11:14:30 AM
From: kemble s. matter  Read Replies (2) | Respond to of 176387
 
Scott,
Hi!!
RE: Merrill Bombshell Shows Corruption Runs Deep

re: New York State's Attorney General, Eliot Spitzer, dropped a bombshell this week when he got a court order forcing Merrill Lynch & Co. to disclose in any stock research report it publishes whether it has or is trying to get an investment banking relationship with the company it's writing about.

The order was the result of a ten-month investigation (launched well before the Enron scandal broke), which found that "the firm's stock ratings were biased and distorted" and that Merrill "often disseminated misleading information" to help corporate clients at the expense of individual investors, according to a press release issued by Spitzer's office.

Looks like OT has found one politician from NY he can be proud of... :o) This even made our local paper Saturday and I couldn't help but think of Bill sending him a card of encouragement...

Best, Kemble