Tax Guru-Ker$tetter Letter
Tuesday, October 15, 2002
Pot Calling...
If this isn't hypocritical, I don't know what is. It is castigating investment banks and their analysts for refusing to provide unflattering reports on their customers. This has been a very real conflict of interest. However, all forms of media, including newspapers, magazines, TV, and radio, have had the exact same kind of conflicts, where news coverage has been altered to please or avoid offending advertisers. To take this holier than thou attitude is ridiculous. Newspapers have been catering to advertiser whims since the beginning of newspapers.