Suing Critical Analysts Is Wrong and Dangerous [View article]
You article misses the point completely. They're not suing Bove because he wrote a negative report about BBX. They're suing him because he used the information on the bank's holding company (BFC) as information on the bank. Bove refused to rectify his mistake when BBX notified him of this error. In times of severe banking crisis, such reports can trigger a run on the bank - this is not just possible, but even likely. Therefore, reports which are factually incorrect are irresponsible.
Maybe next time you should actually read the report, and the complaint, before commenting on them.
-
You article misses the point completely. They're not suing Bove because he wrote a negative report about BBX. They're suing him because he used the information on the bank's holding company (BFC) as information on the bank. Bove refused to rectify his mistake when BBX notified him of this error. In times of severe banking crisis, such reports can trigger a run on the bank - this is not just possible, but even likely. Therefore, reports which are factually incorrect are irresponsible.
Jul 22 07:39 am
|Rating:
0
0
All Comments by Serge »Suing Critical Analysts Is Wrong and Dangerous [View article]
Maybe next time you should actually read the report, and the complaint, before commenting on them.