It's your money... for now
'Fired' Harvey Pitt is still running the SEC -- straight into the ground
by Molly Ivins

Then, oops, bumps on the rosy road. Pitt appointed Judge William Webster to head the new oversight board that was supposed to clear up all the conflicts of interest in the accounting field, but Webster turned out to have some conflicts of interest himself. So Webster stepped down, and Pitt himself was canned on election night last year.

You probably thought he was long gone, but, nope, he's still head of the SEC. Bush hasn't gotten around to nominating anyone else. So Pitt is still there, working his fingers to the bone for his former clients.

Remember when we thought the minimum reform would be to separate the auditing and the consulting functions of accounting firms? Can that. The SEC plans to make it optional, leaving the choice up to a company's audit committee. Let's see, would Ken Lay and Jeff Skillings have voted to bring in another auditor to check out the offshore partnerships they set up with help from Arthur Andersen?
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