tag:blogger.com,1999:blog-4290163255778893789.post7461046694727868492..comments2024-03-16T05:19:07.061-04:00Comments on Retirement Blues: Was the Sarbanes-Oxley Act Harmful to Business? Part 2.1Jazzbumpahttp://www.blogger.com/profile/07337490817307473659noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4290163255778893789.post-21085949042010267982010-01-17T15:50:06.136-05:002010-01-17T15:50:06.136-05:00Yeah -
One of my points, though it was buried in ...Yeah -<br /><br />One of my points, though it was buried in the text or comments someplace, was that companies go public to make money for insiders and companies go private to make money for insiders.<br /><br />A point I didn't make - and I'm glad you brought it up - is that with both parties firmly in the clutches of bid bidnez, anyone who contends that some bit of legislation passed, with huge pluralities, is harmful to corporations really has some big explaining to do.<br /><br />Cheers!<br />JzbJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-4290163255778893789.post-70087159709963668972010-01-17T11:30:20.675-05:002010-01-17T11:30:20.675-05:00A better question: why did the GOP and Dems feel t...A better question: why did the GOP and Dems feel the need to pass SOX? (And did so nearly unanimously). Or as a Palast would say, follow the shekels.<br /><br />SOX benefits the investors and speculators, believe it--the start up's only part of it. It's a type of security insurance--it protects the deep pockets from losing their shirt when the market tumbles, probably via diversifying etc. Corporate welfare, or at least executive welfare.Jhttps://www.blogger.com/profile/11567400697675996283noreply@blogger.com