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Investment banking, securities analysis, and regulatory overreaction

Remember Spitzer´┐Żs billion and half buck settlement and all the rules about conflicts between investment banking and securities analysis? I discuss recent data indicating that investors were not hurt after all. Chalk it up to the costliest gubernatorial campaign in history.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.