Sarbanes-Oxley: It’s Delicious and (Mostly) Good for You

July 3, 2008

Zubin Jelveh submits:

On the day Treasury Secretary Paulson calls for tougher banking regulation, it’s worth remembering that less than two years ago, the Paulson-backed Committee on Capital Markets Regulation was campaigning for the opposite.

The committee released a report in November 2006 arguing, in part, that financial market oversight needed to be relaxed, otherwise the U.S. — New York City in particular — would lose its place as the world’s money center. The primary evidence for this argument was that the U.S. share of the IPO market was falling, and the blame for this was placed on Sarbanes-Oxley, everyone’s favorite piece of post-Enron legislation.

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Sarbanes-Oxley: It’s Delicious and (Mostly) Good for You

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