Seems the NY Post got a little "out in front" of the MS/Yahoo merger story - and some people are pretty mad about it:
The New York Post owes everyone a good follow-up story.
You can't just drop a bombshell that jerks around 80,000 Microsoft and Yahoo! employees, rocks Wall Street and then fizzles before the day is over.
The Post should investigate -- and report -- whether its anonymous investment banker sources made any money off the huge run in YHOO caused by its story.
If the Post doesn't do this, the SEC might. We don't need any more reporter subpoenas.
Here's a thought: what if the SEC did less oversight in general? How long does supposed insider information stay inside before it leaks out to the market in general? Maybe a system where we just let the chips fall, and shame over looking stupid be the medicine would work better.