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result #58037 - WILL SARBANES-OXLEY BE OVERTURNED DURING BUSH'S 2ND TERM?

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prediction : political :

WILL SARBANES-OXLEY BE OVERTURNED DURING BUSH'S 2ND TERM?


[+] serious ballot by Cathexis
created Wed Nov 10, 04
Sarbanes-Oxley is the U.S. law that, among other things, punishes CEOs and CFOs directly when they lie about their earnings to investors.

Yes 4
No 3
Other (comment) 2

Ballot #58037: has 9 total votes.
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COMMENTS:
I don't think it will because the people are not at all happy with the likes of Enron, Global Crossings, or Worldcom.

The Congress and Senate want to be reelected, unlike Bush.

by xxxxxxxx on Wed Nov 10, 04 2:27pm [+]

No need to. Corporate bigwigs will always find a way around it.
by _Beelzebubba on Wed Nov 10, 04 2:28pm [+]

You mean it was being enforced to start with? In that case, shouldn't they have told the good folks at Enron and Worldcom and Adelphia about it? Might have saved the Justice Department a little work...
by Truthseeker013 on Wed Nov 10, 04 2:38pm [+]

I hope you are right, cc. What I am seeing is movement to toss it out, probably by attacking it as Too Cumbersome / Expensive for Business.
by Cathexis on Wed Nov 10, 04 2:42pm [+]

Yup.
by mojo on Wed Nov 10, 04 2:44pm [+]

Oh, geez - don't say that.... I just spent the majority of my waking moments ensuring my company is compliant! We can no longer get any work done - but we comply! ;-P
by HBinVegas on Wed Nov 10, 04 4:43pm [+]






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