us brokers in huge payout-------, page-3

  1. dub
    32,374 Posts.
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    re: us brokers in huge ..... addendum Hello again,

    Sorry, but I could have made my previous post a bit clearer.

    So, -

    How much would these brokers have made by "giving investors unreasonably favourable reports on companies with which they hoped to win investment banking business."?

    I've no idea, but I have no doubt it was many many multiples of the $1.4 billion they are to pay back.

    Who should have prevented these analysts doing this? The regulators of course!

    Who's getting the $1.4 billion? ............ Not the clients and people who've lost the $8.5 trillion but, gosh, bless my soul, those very same regulators.

    Something is rotten in the state of Denmark.

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