Comments on: Why was Citi’s Deborah Weinswig the Only Analyst to Downgrade Walmart on Employee Free Choice?

By: BooRadley

BooRadley — Sat, 14 Mar 2009 05:21:28 +0000

Great catch, thanks Jane.

By: laborite57

laborite57 — Fri, 13 Mar 2009 22:23:16 +0000

Hah! A RICO suit would provide interesting insights into WalMart over the two-to-three year period it would take to prosecute a case.

Alternately, one phone call from Citi’s largest shareholder could put a stop to this nonsense at once. Mr. Geithner?

By: earlofhuntingdon

earlofhuntingdon — Fri, 13 Mar 2009 21:48:37 +0000

Thanks, Jane. Glad to see that living inside the Beltway has not dulled your journalistic skills.

Citi was a leader in abusing its analysts to move stock it had a financial incentive to move, part of a widespread market abuse by Wall Street’s top dogs that was in the news a few years ago and which led to formal requirements to separate in-house analysts from their investment banking brethren. As Jane points out, the direct cost just to Citi to settle securities claims for this blatant conflict of interest was $2.65 billion. But old dogs don’t really learn new tricks or stop using the old ones.

By: jussumbody

jussumbody — Fri, 13 Mar 2009 21:39:09 +0000

Too bad Stewart or Colbert can’t take her down. If only she were more of a clown.

By: MysteriousTraveller

MysteriousTraveller — Fri, 13 Mar 2009 21:31:29 +0000

You are exactly right.

Another reason why the GOP will do everything in their power to keep Franken out.
It’s all about EFCA.

By: cbl2

cbl2 — Fri, 13 Mar 2009 21:24:24 +0000

thanks ! just sent him a little note w/ Jane’s post

By: Slothrop

Slothrop — Fri, 13 Mar 2009 21:18:01 +0000

Deborah’s MBA is from the University of Chicago, so she learned from or in the shadow of Milton Friedman — who taught Chile’s Agosto Pinochet how to handle difficult labor issues.

By: Teddy Partridge

Teddy Partridge — Fri, 13 Mar 2009 21:15:40 +0000

It’s all a big casino, and we are the marks.

By: Margot

Margot — Fri, 13 Mar 2009 21:15:26 +0000

I wonder if Walmart workers are even now being told, “See what happened? Our stock went down because of this bill. You want more falling stock? You want to still have a job, don’t you?”

By: Elliott

Elliott — Fri, 13 Mar 2009 21:14:38 +0000

Battle of the Network Stars: Street.com CEO Quits; MSNBC Told to Downplay Stewart - Cramer Interview
Gregg’s up