Posted on 29/04/03
Don't brush aside the analysts when cleaning up the Street
Only the most simple-minded of investors would believe that the Street's problems were solved yesterday when two disgraced analysts had their heads served up on a platter.The real-world problem of conflict of interest didn't go away when American regulators finally unveiled their much-touted "lifetime bans" for dot.bomb icons Henry Blodget and Jack Grubman, and cashed a $1.4-billion (U.S.) payment from 10 of Wall Street's biggest dealers.
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