4 ms·

Yes - we punished 1,000’s of good honest companies for the deliberate misdeeds of a few bad apples. Terrible policy.

• pcwalton 8y ago
  Those "few bad apples" caused the worst global recession since the Depression. Let's not minimize the circumstances that led to Sarbox. Edit: This is wrong, see below.
  • rpedela 8y ago
    I thought SOX came out of Enron and WorldCom which didn't have much to do with the 2008 recession?
  • antidesitter 8y ago
    Sarbox was enacted in 2002.
  • tomjakubowski 8y ago
    The 2007-2008 financial crisis led to Dodd-Frank, which is much more concerned with banking practices than public investment.
• Frondo 8y ago
  Regulation isn't punishment.