FEDS TO FINGER BLODGET & CO: Criminal charges expected against former ML internet analysts

http://www.nypost.com/business/51572.htm ^ | 7/02/02 | JESSICA SOMMAR

[Liz]

Federal prosecutors are expected to level criminal charges against some of Wall Street's former high-flying Internet analysts as soon as next week, sources told The Post.

While it is unclear who might be charged, those under the gun include former Merrill Lynch analyst Henry Blodget as well as others who were the targets of a lawsuit brought recently by New York Attorney General Eliot Spitzer, sources familiar with the federal probe said.

[Liz]

Blodget and Merrill Lynch are already the subject of numerous lawsuits by investors claiming they were misled by coverage of Internet stocks. Last year, Merrill Lynch settled an arbitration brought by a disgruntled investor against Blodget for $400,000. Blodget - who had no training as an analyst before skyrocketing to the top of the Internet stock boom - rightly predicted that Amazon.com would hit $400.

Blodget musta used a ouija board.

[Moonman62]

You don't suppose that the AG of New York is going after these companies in order to keep the economy down, in order to make the Bush administration look bad? The irony of it is that the Bush administration could care less.

[kcvl]

Henry Blodget: Bubble Boy

[Liz]

You don't suppose that the AG of New York is going after these companies in
order to keep the economy down, in order to make the Bush administration look bad?

Hmmmmmmm. Let me think about that.

[Liz]

I don't like the way the Bubble Boy is looking at me. Methinks he'd prefer another gender. No?