Word: blodgetã
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...Blodget is “retired” from Merrill, which realized that his continued presence at the firm was an invitation to class action lawsuits. Blodget??s case illustrates the power of greed to erode the barriers of self-interest that are supposed to police capitalism. When bankers and research analysts work at the same firm, the fee-generating bankers put enormous pressure on the research analysts to issue favorable ratings. They know companies that receive less than stellar ratings from an analyst will not take their banking business to that analyst’s firm...
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