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Personal Finance > Investing
Analyst calls questioned
June 14, 2001: 2:08 p.m. ET

Congress wants to know why Wall St. analysts never warned investors to sell
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NEW YORK (CNNfn) - The markets may have stabilized, but $3.5 trillion of value has disappeared from investors pockets since March of last year and Congress wants to know why Wall Street analysts never warned investors to sell.

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Congressional investigations began Thursday into the way Wall Street analyst work and whether they are analyzing stocks or simply acting as cheerleaders for their investment banking counterparts.

CNNfn's Peter Viles takes a closer look at the objectivity of Wall Street analysts. graphic

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