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In the strange mix up between Bank of America and the bank analyst.
That just keeps on going so this bank analyst Mike Mayo was the guy who got very upset.
That He was supposedly snubbed on the bank's earnings call last week but now could He be eating his words.
Charlie he's been a vocal critics certainly of this bank.
And suddenly now he's got something that you and I cover and an -- -- analysts overall I mean this is a guy that's taken on all the banks over the years despite tremendous pressure internally not to do that members all these conflicts of interest.
You go negative on a bank they shut off access they don't give you investment banking deals.
But these are pretty negative but here you may -- step too far far this is what we know now last week reported that He dialed the wrong number.
Likely to get into the car into the conference call this week were we're reporting a Mike Mayo is essentially apologized -- -- -- But He went to -- He went back and -- He did some research and found out that He did dial a wrong number B of a did something interest in about a week before the analyst call that you should do numbers.
About a few hours after the -- the first number they change their numbers He dialed the initial numbers this was a huge screw up what it really comes down to it.
Now the question becomes does this group to translate into something bigger.
And I think for might it might I mean this is a guy that's you know that -- -- came across at least initially to me a little bit like a publicity hound.
And now we find out that He screwed up by dialing the wrong number this is gonna have a reputation back I will take this was a big story -- didn't do in the market that they that He came out with it.
I mean institutional investors the fox does that workers -- called up Bank of America.
And said what are you doing here how come you're squeezing a good analysts alchemy doing this and they said we didn't about a -- regulators.
Bring charges against firms that play favorites for various reasons I mean this is not is a big issue market is supposed to give on bicycles will be open to everybody.
The some of the -- -- -- the.
And actually witnessing regulation at the where everybody gets the same -- regional -- people have got FDA by the way chance for fair disclosure and this came about after the dot com and perhaps aware.
Analysts were getting information or leave early -- you know whispered numbers things like that some of the stuff we reporting.
About Morgan Stanley some people still do Morgan Stanley Goldman Sachs may have done before their earnings we got in that list but here's a thing.
Is it turned out.
Bank of America may have a lot of lot of bad stuff fund's balance sheet but it didn't do this apparently it looked like -- this looks like us were from Michael and we should point -- we.
Put call to Mike Mike has not called us back where his flak is not denying what we're reporting.
And I think if they give us some more information back on the -- in -- tough on city as well river that was the whole thing we broke the story last year where He was blocked out from Citi Citi Vikram Pandit right.
And after our reporting they let a million.
But I think this is a little bit different.
And I tea it's not because He made all and what they on -- column that it was just that was the talk of the market that note that looks like He was Rothman.
Thank you apologized but you know that -- -- apologize unconsolidated don't we SOK Charlie nice work and I'm with the.