Fairness for the Street – in this Investment Executive special, Ellen Bessner blames sophisticated, clever and cunning investors for the awful transaction recommendations their advisors “were forced at gun point” to recommend to them.
Monty Python could not have put it so well.
If they were so cunning and clever, why would they have let themselves be put in this position in the first place? And, what possible vendetta could they have against their “advisors” to so injuriously risk their financial security?
Is a free day in court really worth all this hassle? Spurious arguments smack of desperation.