Martha, Freddie, mutual funds and much, much more
Frank Franklin Ii
/
AP file
New York State Attorney General Eliot Spitzer launched the investigation into the mutual fund industry after receiving a tip about trading activities of a hedge fund.
updated
12/29/2003 9:59:43 PM ET
2003-12-30T02:59:43
For a year in which there was so much good news emanating from the economy and the financial markets, there sure was a lot of bad news too.
Investors who enjoyed the first winning year on the stock market since 1999 also had to endure yet another year of scandal. This time the spotlight focused on the giant mutual fund industry and the New York Stock Exchange itself -- institutions that touch the lives of virtually every investor.
The economy finally began showing signs of life, but only after U.S. companies trimmed their already-spare payrolls even further.
Here are...