Evidently, Congressman Waxman's lawyers talked some sense into him, and he's cancelling the planned hearings to bully companies who actually complied with Sarbanes-Oxley requirements to share information that might impact their bottom line.
Which is something of a bummer, as I was hoping that companies would stand up to him and make it very clear that they were simply complying with a bill that Waxman had supported, and that to back off from what they were saying--or for that matter to hold hearings to intimidate those who told things Waxman didn't want to be heard--would be a felony. It would have been a great thing to watch with a big bucket of popcorn.
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2 comments:
I agree. The more voters that see this for what it is the better.
it worked.
waxman got his weekly dose of facetime.
that what this was all about.
but, like i said, i would LOVE to be hauled before one of his committees.
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