Deeds on 25 May 2008
| Nate said: I think Deeds has a high chance of being correct if Malestrom is right in saying that private analysts are that much different than public analysts. However the banks that issue these reports are probably far more concerned about Sony buying new debt from them than worrying about Sony paying it back. Remember, banks are in the business of debt creation. And to all the dumb-asses on this thread, a CONFLICT OF INTEREST is not a CONSPIRACY. |
Now it is true that banks are in the business of debt creation, but they are also in the business of not letting the borrower default on their loan. Banks cannot stop the success of a product (like the Wii), but they can pay analysts to calm investors and consumers fears to protect the borrower.
BTW, Wedbush Morgan Securities is a wholly owned subsidiary of Wedbush inc. who has a division (Wedbush Bank) that lends money to businesses and are involved in the bond market.
Additionally, Nintendo has no debt. They operate outside the banking industry.
