The Wall Street Journal reports (subscription required) that Senator Barack Obama's bid for the presidency will be endorsed by three former Securities and Exchange Commission chairmen: George W. Bush appointee William Donaldson, Clinton appointee Arthur Levitt, and Reagan appointee David Ruder.First of all: how many of you plan to factor in the endorsement of former heads of the SEC into your pick for president? That's what I thought.
But it's still interesting. Reality aside, Levitt and Donaldson are generally viewed as having been strong pro-investor advocates, mainly because they were good at pretending to take strong action against Wall Street malfeasance. Of course Enron's accounting was approved under Levitt's tenure but hey, nobody's perfect, right?
I'm not even sure why Levitt, Ruder, and Donaldson feel like they should endorse presidential candidates. Nobody cares! Barbra Streisand endorsed Hillary Clinton, and that's what really matters.
Comfort Zone Investing: Keep your recovery expectations real
Will Americans have to slim down to fit into their cars?
Starbucks: The next McDonald's
Reader Comments (Page 1 of 1)
5-14-2008 @ 10:45AM
Jeff said...
if nobody cares why are YOU blogging about it?