Not sure about exactly what’s in our bulletin board Eunuch’s mind, but maybe just maybe, he was trying to say that, as with Moody’s, Fitch and S & P, in giving AAA rating to junk mortgage backed securities while being paid by the issuer of the MBS. You know where Prime / Alt A mortgage packages were sprinkled with just a wee bit of subprime? Is the chainsaw castration chap saying that when a Financial Analyst is remunerated by the very company that is writing up the buy, sell, hold opinion, that maybe,. Just maybe, there is some pre-arranged deal to make for a strong IPO after-market, in order that DoucheBank might get to lead the underwriting syndicate when a secondary offering with those huge fees takes place?
Don’t know for sure but that’s my conclusion in following the circular referenced postings by Precision. Just a guess, he’s smarter than you or me.
What a conference call … the cover was knocked off those softballs … no pun intended PC, you are the most street savvy Eunuch on this thread.