The [Senate report on SEC from yesterday] came as House Democrats criticized the SEC's reported rejection, amid Republican and industry opposition, of pension fund director John Biggs to head a new independent board to oversee the accounting industry. ``We strongly urge you to resist bowing to pressure to reject a candidate due to industry opposition,' wrote House Minority Leader Dick Gephardt, D-Mo., and other Democrats to SEC Chairman Harvey Pitt. Biggs is chairman and chief executive of TIAA-CREF, a teachers' pension fund that is one of the nation's largest. http://wire.ap.org/?SLUG=WALL%2dSTREETLike Buffett (and TMF), Biggs has been a strong critic on accounting issues and advocate for mutual fund investors for a long time.Anyone heard anything more on this? Do I smell an angry Otter, fishing for a column?
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