If you don't see how bad something is doing, it isn't doing bad I guess...

to regulate public accounting and accountants, because people were getting screwed sideways by crooks who concealed the status of the companies.

My grandfather chose accounting (CPA) as a career in the early 1900s. He made a good living, because it was a new industry and there weren't a lot of good, honest accountants.

In the present era, public accounting isn't something a criminal traitor like rapist felon can live with.

Grifters.

This is a big deal. I am not sure if this can be done with a change in the Securities Exchange Act of 1934. This is a big deal for public companies

I guess that trump hopes this will distract from Epstein

from the worse than lousy job he's doing with the economy.

Not much left to say.

Wall Street is obsessively focused on 90 days when the best companies are focused on 3 and 10 year plans. Turning around a company is difficult when results come in for several quarters while costs are endured and before benefits show up.

However, the public benefits from more info, not less. Implemented poorly, six month reporting gives an advantage to insiders.

It's also perfectly reasonable to see that argument as an alibi for systemic short-termism, or at least an overdetermined view of one factor among many. I wouldn't expect any significant reduction in short-termism with a switch to a 6-month reporting schedule.

Short-termism mis a feature of capitalism itself, not an artifact of the regulatory environment.

Used to be by the hour.