[goldstategop]

If a private business tried Enron style accounting tricks like that, its management would be hauled off to prison. Yet the federal government is exempt from the same Sarbanes Oxley rules it imposes on every one else.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[ConservativeMind]

Good point.

SOX, despite its hassles, greatly increases our ability to rely on corporate information.

It is now moderate difficult for a company to have fraud or corruption as a reason for failure.

Now, it’s mostly just marketing failure or operational problems to blame.

[Moonman62]

If a private business tried Enron style accounting tricks like that, its management would be hauled off to prison. Yet the federal government is exempt from the same Sarbanes Oxley rules it imposes on every one else.

I've been saying the same thing for years. Good luck getting anybody to care.

[DoughtyOne]

Perhaps the single most effective law that could be passed, would be one that held our federal officials criminally liable for malfeasance in office. Expose them to the penalties the private sector would face if they did the same things.