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Does anyone have any idea how much of a waste Sarbanes Oxley is to the Banking Industry?
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Sarbanes Oxley is a protective policy for stakeholders! Can anyone say Enron? The second largest bankruptcy in US history... It's not about what a "waste" it is to the banking industry. It's about confining the banking industry to ethical practices. We all know how painful the consequences can be without such policies, given the current situation. CDOs, CMOs, CDSs, LMOs...the list goes on and on.
I'm sorry that I didn't quite answer your question, but I felt obligated to comment on its implication.
I'm sorry that I didn't quite answer your question, but I felt obligated to comment on its implication.
Voted as best: donaldmc, bunnyphuphu
Voted "No best answer": williamwaco,
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