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Record: 60 Minutes II: Wall Street Prophets


Title:

60 Minutes II: Wall Street Prophets

Video Call Number: Location:
1266 Biddle Law Library

Production Company

CBS Video

Year: Running Time: Format:
2001 0:15 VHS

Summary:

If you’re like a lot of people you probably lost a bundle when the bull market went bust. Billions of dollars were wiped out in stocks and in retirement accounts and a lot of that was lost following the advice of Wall Street stock analysts. Most investors believed their advice was unbiased, based on what the analysts really thought. But now it is clear that in many cases, analysts were hawking stocks that they believed were losers—because selling those stocks would make their brokerage houses rich—not you. 60 Minutes II investigates.

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