This was the key topic in front of a star-studded panel called by Treasury Secretary Hank Paulson in Washington DC today. Invitees included Warren Buffet, Jeff Immelt, Alan Greenspan and others. The event was covered in great detail by CNBC business television...
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I'm sure the same arguements were made in 1934 and 1933, which is the years the SEC came into being, along with the Act and the Exchange Act. Perhaps SOX went a bit too far, but in reality this was a step in the right direction. In summary, the other markets (i.e., Euro and Asia) are way under-regulated and political. In the long run, this will help the US markets maintain the edge, assuming of course (big assumption) that US companies can operate somewhat efficiently. S
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