Look, Waxboy should just send his goons to the CEO’s business with the bribes (offer they can’t refuse). Why go through the farce of lecturing them?
I think that basically, it comes down to “not letting a good crisis go to waste.”
The companies are required by SEC regs to report the truth, and their books have been fine combed by tons of CPAs and attorneys. Waxman’s staffers have no expertise that will ensnare these CEOs... I predict in a few more days Waxman will quietly drop the hearings.... not because he wants to, but because this is a fight the RATS cannot win.