Spatt's Replacement at SEC - Overdahl

http://www.sec.gov/news/digest/2007/dig072707.htm

Chester Spatt is returning to the Carnegie Mellon University's Tepper School of Business. The SEC's chief economist has a substantial amount of influence. Not surprisingly, the SEC's regulatory interests involve real analytical work of empirical data. In a sphere dominated by lawyers and politicians, s/he is often the last line of defense. Mr. Spatt did a fine job by my observation, which included some professional interaction with his staff on items that could easily have been resolved in a hackneyed fashion that hurt both investors and investment professionals. Hat's off to him - maybe he can help the Pirates.

Overdahl I don't know at all. We'll be watching, however. First item of concern would be that his most recent gig is advising the energy sector on derivatives. I'm all for private sector experience, mind you. I just think that it helps to have a buffer between you and the tendrils of influence...