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November 4, 2002

Not too many people expect Chairman Pitt to hold his job too long after tommorrow’s elections. Not sure what will happen to the other senior staffers that joined the SEC at Pitt’s request…here is another article about the most recent Accounting Oversight Board incident – http://www.washingtonpost.com/wp-dyn/articles/A59279-2002Nov2.html.

The SEC has announced a series of hearings regarding the credit rating agencies and their roles in the markets – see http://www.sec.gov/news/press/2002-157.htm.

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