Remember how during our last Wall Street dust-up (way back in 2001/2002) we made 12 investment banks pay nearly half-a-billion dollars to fund independent stock research? They were then to pass along this research to their brokers and individual customers to go with their own (ostensibly deeply conflicted) opinions of companies.
That cash, designed to last for five years, is about to run out. Whither goes the independent stock research industry?
Well, just so happens, I wrote a story about that. You can read it here.
Barbara!