Spitzer's cure worse than the disease

More than a year has passed since New York Attorney General Eliot Spitzer completed his attack on bank analysts. And what has happened since then?

27th November, 2004

More than a year has passed since New York Attorney General Eliot Spitzer completed his attack on bank analysts. And what has happened since then?

Analysis of companies has become sharper? The markets are less volatile and more efficient? Small investors feel more confident about putting their money into stocks?

Well, not quite.

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