[Frobenius]

The damage inflicted on American businesses and capitol markets by Sarbanes-Oxley has strengthened my conviction that this legislation should be repealed. In 2000, nine of every ten dollars raised by foreign companies were raised in the United States. In 2005, nine of the ten largest offerings were not registered in the United States, and, of the largest twenty-five global offerings, only one took place in the US. The number of public companies going private increased from 143 in 2001 to 245 in 2004.

...can anyone explain to me why Sarbanes-Oxley with its monstrous effects was jammed through by a supposedly pro-business Republican congress and president???

Just curious...

...and Why exactly am I a member of this party...

[Mr. Jeeves]

...can anyone explain to me why Sarbanes-Oxley with its monstrous effects was jammed through by a supposedly pro-business Republican congress and president???

To deflect the political heat from the Enron and WorldCom collapses.