Mar
30
2010

A quick observation on the 8-K Fun.

Drawing on streiff’s excellent post: there has been at least one nice repercussion that has come from the entire sordid 8-K affair.  Thanks to it, you can pretty much filter out the ‘geniuses’ with no practical business experience; they’re the ones who have never seen an 8-K in their life, don’t know what one is for, don’t know when one needs to fill one out (or even why), and are especially startled to discover that there have to be fairly stringent penalties in place in order to convince corporations to fill out nitpicking paper-trail bureaucratic clap-trap without having to be nagged constantly for it.

You know.  Idiots.

Megan McArdle is not an idiot – and miracle of miracles! – neither is most of her comments section, for a change.  Gives you an idea of just how comprehensively Waxman – who has apparently never seen an 8-K in his life, doesn’t know what one is for, doesn’t know when one needs to fill one out (or even why), and is especially startled to discover that there have to be fairly stringent penalties in place in order to convince corporations to fill out nitpicking paper-trail bureaucratic clap-trap without being nagged constantly for it – mucked up this one.

Moe Lane

Crossposted to RedState.

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