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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: idler who wrote (112717)	2/8/2002 8:38:57 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 152472

Though I favor strong, INDEPENDENT (there's the catch 22) regulatory agencies with effective enforcement powers, it is unlikely that such a situation will ever take place. Regulatory agencies are anything but independent, as their commissioners are generally not nominated without the consent of the major companies under regulation. Regulatory agencies generally take little initiative to enforce the laws, even when violations are quite clear. Maybe the current number and severity of violations, with the obvious impact on investor confidence in the markets, will impel the SEC to do the job it was empowered to do, beginning at least as early as 1933. Enron could be beneficial in the long run, making a convincing case for higher budgets for enforcing the laws. One can at least hope that will happen. Art