You said the same thing yesterday. You forgot to change your ID to whatamoron. LMAO
Investment bankers employed analysts and expected them to identify with the corporate mission and support it. They paid analysts royally for their services. Their remuneration and bonuses were linked to the contribution they made to the bankers success in acquiring lucrative business from the companies on which they reported. Citigroup's Grubman was paid US $20 million a year.
Teams were set up. These included investment bankers selling their services and analysts reporting on the companies and their potential for success.
Mr. Spitzer released hundreds of documents, many of them e-mail messages, showing how closely Merrill's analysts and investment bankers worked together to attract lucrative deals for the firm.
The e-mail messages also showed analysts, including Henry Blodget, who followed Internet stocks for Merrill, privately deriding companies whose shares they were recommending to the public. Wall St. Firms Said to Break E-Mail Rule The New York Times May 7, 2002
Analysts whose glowing reports brought in the business for the banks were promoted and marketed until they became trusted household names. The industry honoured them with awards. Investors followed their every word. Pressure was put on reluctant analysts to get them to conform. Many of these companies praised by the analysts were not viable and should never have been traded.
Remember Blodget, Mary Meeker, Jack Grubman, and other shysters during the dotcom bubble. They got paid millions to dupe investors. Where are they today? They should be in prison.
And just like clockwork Wild Willie sold again too. He dumps stock every two weeks knowing that one day this scam will go to zero.
Eat shyte and die liar. You brag about fake phantom trades that supposedly make you a few hundred bucks. Many of us have positions that swing thousands of dollars any given day. Go play bingo and buy some lottery tickets, just get the hell off this board.
I'm very positive. I was positive that I would make money shorting this scam and I am right. No reason to be negative when you are up 30% in a couple of weeks. Karma has caught up with you for lying.
Sentiment: Strong Sell