Investors were looking to President Bush to throw them a life-raft in a sea of accounting fraud and abuse. Instead, the president threw them a pair of cement shoes,
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I frankly think every one of them who's responsible ... should do hard time for their crimes,Harvey Pitt
under Judge Webster's capable leadership, I'm confident that this strong board will address the important issues it faces with wisdom and expedition.
Harvey Pitt
Swift and appropriate resolution of these investigations will protect investors, facilitate the implementation of immediate and meaningful changes in research analyst and IPO allocation practices, and help enhance investor confidence in the marketplace,
Harvey Pitt
With respect to short selling, ... the goal of all of us is to have a market that most closely approximates the normal trading environment. As a result of that, you can tell in which direction we will probably be leaning.
Harvey Pitt
If the analyst is communicating his findings to a select group of people and it might lead to proprietary trading by his employer, then you might have problems. But if he is publishing information for a widespread audience, I have less of a problem with it,
Harvey Pitt
I would advise them against it, ... Of course, one would have to distinguish between material and non-material information. But the analyst, at a minimum, becomes a temporary insider.
Harvey Pitt
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Any truth is better than indefinite doubt.
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