Gary Weiss, author of the book Wall Street Versus America, has a good, quick reaction to today's Judiciary Committee hearing. The verdict? The Specter questioning of SEC whistleblower Aguirre was important. The Orrin Hatch bits, not so much.
Here's how Weiss puts it:
As expected, the Senate hearing today on hedge funds turned out to be a mixed bag: One part troubling description of a possible coverup at the Securities and Exchange Commission, and one part ritual short-bashing dog-and-pony show...
Earlier today Weiss pointed out that the fingerprints of Overstock.Com and its allies seem to be all over the "dog-and-pony show" side of today's hearings.
The Senate Hearing: A Mixed Bag [Gary-Weiss.Com]