Fedblog FedblogFedblog
Government Executive Editor in Chief Tom Shoop, along with other editors and staff correspondents, look at the federal bureaucracy from the outside in.

Alumni Loyalty to the SEC

ARCHIVES

Interesting turn of events with Harvey Pitt, the chairman of the Securities and Exchange Commission under the George W. Bush administration who resigned under fire.

The longtime attorney for the financial industry at a hearing on Thursday came out against plans by Republicans on the House Financial Services Committee to reorganize his old agency.

At a House Financial Services Committee hearing, he said the proposals, while well intentioned, fall short because they seem to say the independent commission must first demonstrate its competence and then Congress will consider whether it needs more funding.

"This reasoning, in my view lacks merit," he said. "It reminds me of the TV show in the mid-60s, 'Get Smart,' a riff on spy genre movies and TV shows. ..... The opening sequence each week showed a huge, thick and closed steel door that said, in bold letters, 'Knock before entering.' Right below that was a second, smaller sign that read simply 'Don't knock.' If the SEC has exhibited similar deficiencies, how can piling on additional responsibilities but depriving the agency of the necessary resources to fulfill its functions actually improve its performance?"

Charlie Clark joined Government Executive in the fall of 2009. He has been on staff at The Washington Post, Congressional Quarterly, National Journal, Time-Life Books, Tax Analysts, the Association of Governing Boards of Universities and Colleges, and the National Center on Education and the Economy. He has written or edited online news, daily news stories, long features, wire copy, magazines, books and organizational media strategies.

FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.