There is no doubt in hindsight that Sarbanes Oxley was a mistake as we watch the blob of bureaucracy move into the private sector. There is no doubt that Sarbanes Oxley's real costs have been passed onto the consumer and citizen like a giant tax increase of Boston Tea proportions. Many people wonder if Senator Sarbanes and Oxley should be brought up on charges of treason. Absolutely they should. Many people wonder if death by hanging is too harsh? Of course it is not.
Over 7 trillion dollars has been lost from the stock valuations since the introduction of Sarbanes Oxley. Seven trillion dollars is quite significant indeed. The Sarbanes Oxley Act was a politically motivated maneuver to take advantage of the disdain for Corporate Executives accused of fraud in the mass media court of public opinion. Yet all the real courts of law have acquitted most of the corporate executives of any wrongdoing. Except for Martha Stewart in which the Justice Department put up an FBI agent on the stand who perjured himself in order to get the conviction. Martha Stewart was not up on fraud charges; they accused her of lying to an investigator. Whether she did or not is irrelevant because the government lied itself under oath to convict her.
Today we are seeing Elliot Spitzer's first shoe in cases get thrown out. We are watching executives walk. We are seeing the over turning of the Arthur Anderson case, which the Justice Department was so sure of and which caused 28,000 partners to lose their pensions. Some look at the Sarbanes Oxley Act as political shrewdness on the Senators parts for properly judging the poles and surveys of the people at a time they had been bombarded with anti business sediment by the "Build Them Up and Burn Them Down Media." After all Elliot Spitzer's cases are more about his upcoming bid for State Governor of NY than reality.
Ayn Rand warned us about these types of things, yet we are not listening to her sound advice from outside the box looking in. Instead we allowed Senator Sarbanes and Oxley to introduce bogus legislation attempting to regulate morality when some would say they lack any sense of morals themselves. After all how can a Senator or wannabe future governor impede free enterprise and capitalism in a republic to which they belong, when they knew or should have known the obvious consequences of further over regulating the very corporations and businesses which deliver our civilization everything we see, every where we go?
Should Sarbanes, Oxley and Spitzer be shot for treason? Many believe they should. What do you think of such scoundrels of this great nation? Do they really deserve a second chance? Many say no, what say you?
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs
Lincoln Stretch rentals Alsip ..The Connecticut Conference of Municipalities (CCM) is interested in the... Read More
Farmers will eventually be facing federal regulations involving air emissions... Read More
We recently saw another ferry accident, this one in NY... Read More
All the indicators show an improving economy and, finally, the... Read More
As a result of the conflict analysis exercise and a... Read More
I heard on the news this week how America continues... Read More
There are many issues on the minds of US voters... Read More
Water Conservation in larger cities is less of an issue... Read More
With the recent shakeups in the presidential cabinet, it has... Read More
Recently in Maine, I talked with a gentleman and we... Read More
We have read about the unemployment rate being high. Really... Read More
The official working week is being reduced to 35 hours... Read More
In years past California Mutual Assistance Program and emergency response... Read More
A SOLUTION FOR EMPLOYMENT PROBLEMS TO AID IN THE FIGHT... Read More
The European Court of Justice ("ECJ") ruled in Praktiker Bau-... Read More
Wealth Distribution is often discussed at length in periodicals such... Read More
The official figures are staggering: 35% of the workforce -... Read More
The US-backed Road Map peace plan had no real chance... Read More
We are seeing some trade wars brewing as American trade... Read More
The number of countries in the world at the moment... Read More
Well having studying the need for decreasing America's dependence on... Read More
De-classification of official documents have been a routine practice in... Read More
US Steel prices have cost franchisees in my company and... Read More
They do not allow the criticism of the president in... Read More
The Organization for Economic Cooperation and Development issued a report... Read More
Western Springs shuttle limo ..ACCREDITATION: - Scholastic regimentation from the post WWII period has... Read More
Let's put it all into perspective: the U.S. has an... Read More
In typical bureaucratese, the pensive EBRD analyst ventures with the... Read More
We have seen an increase in Snowbirds from Northern States... Read More
Handing over power to Vladimir Putin in 1999, Boris Yeltsin... Read More
The expertise and advancement of the evolution of man and... Read More
We presently have adequate sniffer devices in this country to... Read More
Death may not be dignified in any light but the... Read More
Where are all the high-speed trains we were promised? Where... Read More
A coffee shop conversation about a Great Country in Historic... Read More
All to often law makers and regulators create rules and... Read More
Many people make a lot of money in war. In... Read More
Rufus King: (Said to be the fifth most important person... Read More
All the indicators show an improving economy and, finally, the... Read More
Corporate America has been shaken recently by lawsuits and criminal... Read More
The American Dream is the promise to have it all... Read More
When you see hooded Klansmen walking up Pennsylvania Avenue to... Read More
The end of another election once again brings into focus... Read More
"Fahrenheit 9/11" auteur Michael Moore recently fueled the epidemic of... Read More
This is a thought on the study of Home and... Read More
Since the court case was over turned against Arthur Anderson... Read More
Farmers will eventually be facing federal regulations involving air emissions... Read More
Much of our personal and cultural perspective on the world... Read More
Are the junior attorneys in the Attorney General's office leaving... Read More
User BaseThe non-US and non-English Web segments have been boosted... Read More
Political |