Sean Brodrick -

Congress Guts Pro-Investor Legislation

by Sean Brodrick on November 7, 2009

If you missed it, Congress gutted Sarbanes-Oxley on Friday.  Yes, it can be argued that the existing law hurt small business.  But the real reason it was overturned was because it forced the big banks to admit bad news they’d rather keep hidden.  S-O could have been fixed rather than repealed.  It seems the red ink from the current crisis isn’t even dry before they’re sowing the seeds of the next financial calamity.

Related Posts

{ 0 comments… add one now }

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

I agree to the Terms and Conditions of this blog.