The Mercury News has volumnious coverage today of the latest charges to hit notorious investment banker Frank Quattrone. I particularly urge you to read this story by Deborah Lohse, who obtained some of the most detailed information yet about the “Friends of Frank” operation, in which executives and others who could steer business to Quattrone’s bank were given essentially free money in the form of insider stocks that were sold for big profits during the bubble. It will make you sick, unless you’re already so jaded that nothing seems bad anymore.
I added these thoughts in a special Friday column.
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