Now

Season 1 Episode 20

Vested Interest

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Aired Friday 9:00 PM May 31, 2002 on PBS
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Vested Interest
AIRED:
In this episode of NOW, Bill Moyers explores conflicts of interest on Wall Street. The discussion, ignited by the $100 million settlement paid by Merril Lynch over allegations it misled brokerage clients, explores attitudes of brokerage houses towards individual investors. Moyers discusses the issues with New York State Attorney General Elliot Spitzer, the man primarily responsible for the Merril Lynch settlement. He also tells the stories of a few individual investors harmed by bad research published by Merril Lynch, and examines the business culture that allowed the abuses to take place.moreless
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