Yahoo To Lose Credibility
So Yahoo is launching a financial show with Henry Blodget. This is a guy who was banned for life from the SEC. Great move huh? Let’s hire a guy with no credibility at all who was banned for life to do a financial show. On top of it he looks like Danny Bonaduce.
In 2002, Eliot Spitzer published Merrill Lynch e-mails in which Blodget allegedly gave assessments about stocks, which conflicted with what was publicly published.[4] In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission. He settled without admitting or denying the allegations and was subsequently banned from the securities industry for life.
Posted in 1938 Media, Dishonest, Dopes, LiarThe trouble for me here is that part of me believes that Henry Blodget ought to be in jail. He made millions of dollars doing something he knew to be corrupt.
