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huffingtonpost.com - 23 days ago
Obama Administration Helps House Democrat Gut Post-Enron Reforms
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With the White House's blessing, a House panel voted Tuesday to water down a key post-Enron measure designed to protect investors. In a voice vote, members of the House Financial Services Committee agreed to permanently exempt from a provision of Sarbanes-Oxley all publicly traded companies ...
huffingtonpost.com - 25 days ago
White House Quietly Working To Weaken Investor Protection
— huffingtonpost.com — The White House is quietly working to undercut a key post-Enron reform, significantly weakening protection for everyday... investors and threatening the administration's image as a champion for financial regulatory reform. White House Chief of Staff ... (more) White House Quietly Working To Weaken Investor Protection

Comments vote down Open Left - Quick Hits's RSS Feed found this 25 days agofound this
Another Step Closer to Breaking Up the Banks?
tnr.com - 22 days ago
Another Step Closer to Breaking Up the Banks?
— tnr.com — A banking industry lobbyist I spoke with this evening alerts me to a fascinating development in the... House Financial Services Committee: Pennsylvania Rep. Paul Kanjorski is about to introduce an amendment to the systemic risk bill moving through the ... (more) Another Step Closer to Breaking Up the Banks?

Comments vote down Wonk Room found this 22 days agofound this

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Firedoglake:  Lessons Learned in VA and NJ: Is Rahm Emanuel Orchestrating 2010 Democratic Massacre?

AMERICAblog News| A great nation deserves the truth:  Why is Obama helping to roll back post-Enron reforms?

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Lessons Learned in VA and NJ: Is Rahm Emanuel Orchestrating 2010 Democratic Massacre?
Firedoglake — ... 2009: On behalf of banks, Rahm helps Democrats water down post-Enron investor protections in Sarbanes-Oxley ...

Why is Obama helping to roll back post-Enron reforms?
AMERICAblog News| A great nation deserves the truth — C'mon, this is getting silly. Since more than half of the public companies are below the $75 million mark, this has potential to be very damaging to investors who are already beaten down. Companies are already doing audits so it's questionable how painful this argument really is. There have been enough problems related to audits (and the auditors, in particular) but to weaken the system any more seems to run counter to properly reforming a very damaged system. Huffington Post: ...

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