Merrill Lynch Is Sorry About Emails
from the no,-they're-sorry-they-got-caught dept
It only took Merrill Lynch 2 and a half weeks to say they were sorry over the internal emails that made it clear they knew they were recommending and hyping junk dot com stocks. If you'll remember, at first they were very defensive, saying that it was all taken out of context (though, it's tough to understand how calling a stock "a piece of crap" can be taken out of context). Now, as they realize they may have to pay fines in the range of $2 billion, they're suddenly a bit more apologetic. Of course, if they were really sorry, they would have admitted to this earlier. They're just sorry they got caught.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
this is sick
[ link to this | view in chronology ]