Bummer

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.