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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (69668)	9/12/2004 9:13:32 PM
From: Nadine Carroll	Read Replies (2) of 793917

Glenn Reynolds prints an interesting email from his inbox: ANOTHER UPDATE: Reader John Steele emails from Palo Alto: CBS is full of smart people. It makes no sense to say they're not stalling because they believe these things are genuine. They know what we all know. They are stalling to get their ducks in a row: They are speaking to lawyers to see if a crime has been committed. They are speaking to lawyers to see if they can/must/may disclose the source. They are speaking to lawyers to see if they must make disclosure in their SEC filings. They are speaking internally to see who will resign. They are speaking internally to see how they will word their retraction. All that takes time. That is why CBS hasn't updated anything on this for too long. That is why their intitial counter-attacks (e.g., the first version of Times New Roman was invented in 1931), which are obviously inadequate, aren't being buttressed by anything new. As a news organization and as a publicly traded company, they can't issue half-truths once they suspect what really happened. They are getting ready to make all their announcements at once. Within 48 hours, CBS will come clean with a noise rivaling the disappearance of Krakatoa.

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