Felix Rohatyn on Wall Street's Corruption

This respected veteran says unethical behavior by stock analysts could harm the U.S. financial system -- and the economy

Evidence uncovered in the investigation of stock analysts is shocking even some of Wall Street's most experienced players, including Felix G. Rohatyn, former head of the New York City arm of international banking house Lazard Frères. Rohatyn became widely known nearly three decades ago for successfully restructuring New York's debt and resolving the city's fiscal crisis. He went on to negotiate for major corporations in the takeover wars of the 1980s and capped his career by serving as U.S. Ambassador to France at the end of the 1990s.

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