Sure the Regs are the Regs and an ATP is an ATP, but what are we talking about here? The "letter of the law" or the "spirit of the law"?

Mooney wrote something about "convicing a naive flight department" somewhere to give a CL65 command job with just the ATP on the back of the ticket. In the real world this doesn't happen - without PIC time in type - insurance requirements to name a few. Convince the flight department? By pencil whipping the logbook maybe? I just don't understand how this is such a big deal.

Let the FAA and the airline issue the FO the ATP. I think it's great, but without the time, it's not worth the plastic it's printed on. What am I missing?