[lbo-talk] Intelligence Czar Can Waive SEC Rules

joanna 123hop at comcast.net
Thu May 25 22:11:40 PDT 2006


andie nachgeborenen wrote:


>Of course there is a real strong incentive for
>corporations not to take advantage of this doubtful
>benefit. Who's going to invest in some firm that isn't
>at least as transparent as a 10-K or a 10-Q can make
>it? Not me, that's for damn sure.
>
Yup.


> How are the ratings
>folks like S&P going to evaluate a firm or recommend m
>that doesn't disclose its finances? What responsible
>pension fund or mutual fund is going to buy X Co.
>stocks on no basis at all?
>
Responsible pension fund? Well -- responsible to whom?


>It's especially ironic that Bernake does this the day
>that Lay & Skilling go down for cooking the books.
>
Yup.

Joanna



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