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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: Greg h2o who wrote (37528)12/12/2001 4:29:52 PM
From: Dee Jay  Read Replies (1) of 42804
 
to which I respond:

"But while Pitt is clearly promoting a more conciliatory tone, it's worth questioning how much a change of
philosophy will change the life of the average corporate issuer. While Levitt wasn't shy about using his
bully pulpit to warn companies about straying from the straight and narrow of GAAP, a closer look at his
overall record raises some questions about whether the agency's bite ever lived up to his bark.

On balance, the average company's chances of being slapped with an SEC lawsuit for financial-statement fraud during the Levitt regime hardly increased over previous years."

In other words, Leavitt talked a lot but there weren't substantive changes so any change now is more likely to be in tone rather than action, as I understood the thrust of the article. It still ended with a question: Will things change under Pitt or won't they?

But nowhere is there any sort of bias against Republicans that I could discern - I don't think the word even came up in the entire article, and it did include the fact that there are 4 vacancies that Bush is yet to fill.

Would we expect that they will be attuned to Bush's own philosophies? Yes, but the writer never even went close to that discussion.

You're the one with the paranoia.

Dee Jay
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