[Luis Gonzalez]

I just did a quick read-up on the Commerce Clause in FindLaw.com.

I don't see where the Feds are given the power to monitor businesses closely enough to prevent illegal practices.

[RedBloodedAmerican]

Well, they should! We need bigger Government! What did George know, and when did he know it?

[Torie]

You need to get up to the 1930's cases. If you are a public company, you are mere putty in the SEC's hands. Congress does seem to think a statute is necessary to regulate how auditors do their thing, but the SEC already has plenty of power to regulate how the companies operate, at least for so long as they want their stock to be publically traded.