Whore of wall street

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The suit, though not naming Mr Grubman as a defendant, detailed alleged conflicts of interest at the brokerage that Mr Spitzer said enriched a few at the expense of many. The suit quotes former colleagues describing Mr Grubman as an "overpriced cheerleader" and an "investment bank whore". The overarching picture is of a banking sector riven with self interest. Almost Merrill Lynch employees had investments in the most notorious of the Enron off-balance sheet entities LJM2, which the bank had structured. Jack Grubman has been cast as the villain of Wall Street, a role befitting a man with a name that could have been lifted straight from the pages of a grim Charles Dickens novel. An indictment against former Tyco executives claimed they forced out a Merrill analyst who published a bearish research note. Three former Greenwich Natwest bankers have been indicted on Enron-related fraud charges.

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