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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: John who wrote (145800)1/24/2002 12:47:11 AM
From: Earlie  Read Replies (2) of 436258
 
John:

I can sure understand your view with respect to the SEC, particularly given that organization's "Nelson blind eye" of this past decade. In fact, for a number of years, I regularly sent them gritty notes that were more than critical.

That said, I think Art Levitt made a difference and started to put both some smarts and back bone into the organization. Not easy to move those bureaucratic super tankers. I also think the politicians will exert severe pressure on the SEC to do more than posture..... just to take the heat off their own tails.

It's for sure that the SEC has a "target-rich" environment for any pro-forma witch-hunt it might wish to establish,.....and there is nothing like a public hanging to get CFOs and CEOs to start having breathing difficulties. (g)

Now even if the SEC does have some impact on the slimey reporting, will that impact last long? No odds given from this end. (g)

Best, Earlie
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