Bryanb

Buffett Warned Us in 2003

Apppro he has helped us by warning us of the dangers, but "you can take a horse to water........."
Nicky Sox was created to make it more difficult for company management to steal from shareholders. It seems to have worked, because that is not the problem now. The problem now is that those socialist wimps on Wall Street (previously Capitalist Kings) got too greedy, just like company management did pre-2001. I agree, SOX is onerous, but if derivatives, shorting, etc. had had that kind of oversight and disclosure, then maybe we would have been spared some of this excessive turmoil now.