The leaking of old emails by a state attorney general has shifted the blame for the dot.com collapse away from private investors and towards Wall Street
It's astonishing how much trouble on Wall Street a state attorney general can cause when he sets his mind to it. By leaking emails revealing that Merrill Lynch's stock analysts allowed the prospect of banking fees to cloud their judgments, and suggesting he might soon be leaking other firms' old emails as well, New York Attorney General Eliot Spitzer has started a trend. Two states, California and New Jersey, announced their decision to follow Spitzer's lead and the Securities and Exchange Commission, previously wary of the whole subject of Wall Street stock market research, announced ...
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