Word: blodgetting
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...part of this decade. As New York attorney general, Spitzer used internal e-mails sent by analysts to prove that Wall Street firms were pushing stocks their professionals didn't believe were good investments just to generate investment-banking fees. In one famous case, former Merrill Lynch analyst Henry Blodget told investors to buy stocks about which he privately wrote in e-mails to colleagues were "horrible," a "disaster" and a "POS," or piece of s___. Blodget paid $4 million to settle Spitzer's charges. The total civil penalties for Wall Street's research infractions reached $875 million. The conclusion...
...Clusterstock (1,613) links) follows and comments on business, the stock market, and economic news throughout the day. It has a staff of several outstanding writers lead by Henry Blodget. Articles by John Carney are particularly good. It is now combined with another strong site called Silicon Alley Insider...
...wring a few more bucks out of dated material. Not this one. Nocera, a business columnist for the New York Times who spent a decade at FORTUNE, energetically updates some of the biggest business stories of the past two decades. Warren Buffett, T. Boone Pickens Jr. and Henry Blodget, among others, get the close-up Nocera treatment, which uses their stories to explain the intricacies of business to readers. His smart writing and keen insight are a treat for those who find Steve Jobs a more compelling celebrity than Britney Spears...
...saves to go with a .514 save percentage, Bilder did score a team-high 24 goals, and the class did rob opponents of the ball at an impressive rate. The only thing left to understand is that the rookie class is more than capable of bringing success to Blodget Pool in the near future. Yet, in a season that saw Harvard make it to the Eastern Championships for the third straight year under head coach Erik Farrar, the freshmen did not have to do it alone. Leading the way for the Crimson was junior two-meter and co-captain Lauren...
...Becker is the latest star analyst to face a public rebuke, following Henry Blodget of Merrill Lynch and Jack Grubman of Salomon. Both men resigned after being caught touting stocks about which they had internally expressed doubts-and which provided lucrative banking business to their employers. With regulators set to go public this week with e-mail and other documents from a long investigation of research practices, more stars are likely to fall...