The deaf leading the blind

So every analyst in the world knows that part of his job is to value some company for the purpose of giving a recommendation to his clients about said stock, maybe do a little frontrunning in the process but that’s not the point of this post really.

But then once in a little while a brilliant staralyst comes along and issues a stock report that reads a little something like this : potential for zero equity value on AIG.So what’s the problem you ask. He works for Citibank.

I fully expect that in this stupidity infused climate we live in Barney Frank or someone will step up and propose that no TARPed bank can talk shit about another TARPed bank until they have repaid back their allowance.