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Headline

Wall St crisis? Blame SarBox

Comment

Oh please! Spoken like someone that does not have ANY clue of what is happening. SarBox did not have, does not have or will not have any impact on the goings on of Wall Street. Wall Street's woes can be traced directly to the repeal of the Steel-Steagall Act in 1999 (yes this a REPEAL of regulation). Without this law, the line between commercial and investment banking was abolished and fiascoes that we are now experienced were allowed to happen. What next, SarBox causes AIDS????

Posted date

21-Sep-2008

Posted time

1:46 am

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