“Though everyone has to suffer because of abuses by a few bad apples, the regulations are necessary. After all, without them, what's to keep further abuses from reoccurring? I think Wall Street is complaining a little too loudly. After all, the American markets are still the most vibrant in the world. Money keeps flowing into our markets at a healthy clip. Besides, global competition is the future. The fact that our markets are held highly accountable, and still vibrant, will in the long run, always make us the market of first choice, for the greatest number of investors.” -- Gary L., Pennsylvania
“I believe we have lost or edge in the global market. We are becoming as heavily regulated as Europe and we could learn a few things from Hong Kong.” -- Anthony R., Maryland
“U.S. industry has lost its competitive edge? Is Microsoft fading away? Are the Chinese eating Russian soybeans? Is there anything, except cars and some electronics that we have to sell that the rest of the world does not want to buy? The problem is that capitalism, at least as practiced in the US, has become a valueless abstraction.”
Globalism has no home.” -- Ron N., Virginia
“The U.S. has lost some of its edge, but most of that loss is not due to Sarbanes-Oxley. What you never hear Wall Street admit is that its investment banking fees have gotten to be exorbitant. Do not underestimate this disincentive to list on the NYSE. Additionally, the issue cannot be discussed without the obvious acknowledgement that global growth is fueling foreign markets like never before. Attacking Sarbanes-Oxley is not only easy, but it is selfishly disingenuous and obfuscates one of the bigger reasons why U.S. markets are losing business to foreign markets.” --Larry G., Ohio
“In the case of regulation, less is more. Unfortunately lawmakers feel it is there God given duty to regulate everything. The problem arises when lawmakers allow their judgment to be guided by ego and not knowledge…. George H, Florida
“Regulations may need to be refined but we don’t want to allow a “Wild West” environment in our financial markets…. Continual reviewing of rules has been by history to preferable to no rules.” – James C. North Carolina
"Regulations are the biggest impediment to growth. It’s like traveling on a road with machine guns ready to fire. Even the most honest and good companies now fear being on the wrong side of the law, so they are going private or listing overseas. For companies with greedy and incompetent executives, shareholders (especially the institutional shareholders) need to take the lead and put pressure on the board to straighten them out." -- TK Biswas
"Regulations interfere with free market capitalism which, as CNBC's Larry Kudlow famously states, is 'the best path to prosperity.' The effects of the Sarbanes Oxley regulations is unattractive and has obviously been driving foreign companies to search for capital supplies elsewhere, like Hong Kong and London. Though regulations are definitely needed to ensure a safe market place, other interference's from the US government like taxes hold the US economy back from its true potential. With globalization rapidly growing, the United States needs to focus more on how to attract foreign investors and foreign companies to this Goldilocks economy, not driving them away with more and more un-needed regulations." -- Derek W.
"Wall street is whining but that doesn't mean regulations haven't gone too far." -- Douglas W.
"Regulations and accountability are needed. However, it would be a more level playing field if government officials were required to follow the same rules as public companies. How about passing a version of Sarbanes-Oxley for elected officials and hold them accountable for broken campaign promises with similar penalties and fines to offenders?" -- Richard T.
"This is Wall Street whining. I worked for a company that had been producing a product and not billing the customer for a year-and-a-half, Sarbanes-Oxley brought it to light. I am sure this is not the only company to have this type of experience. Wall Street has always had objection to regulation but fails to look for the benefits. Laws are not passed until there is some abuse." -- Bob K.
"In the case of regulation less is more. Unfortunately lawmakers feel it is there God given duty to regulate everything. The problem arises when lawmakers allow there judgement to be guided by ego and not knowledge, and when the golden goose is dead? Blame it on someone else." -- George H, Florida
"If corporate America wasn’t so full of unethical fat cats the government would not have to step in like it has with SOX and other regulations. If Wall street and the executive boards of US companies take issue they only need to look in the mirror to find the parties responsible. I prefer less government, but not more than I prefer to see another Enron or Worldcom where average Americans lose their life savings because of greed." -- D. Megan, Massachusetts
"The issue of regulation is mute in this case. The government via spending without tax consequences and excessive borrowing has encouraged questionable behavior. The current situation with 2nd rate lenders and an estimated 1.5 million foreclosures (ie bankruptcies this year) depicts just a few of the problems thrown on the government when the private sector fails to regulate their own. Other European countries as well as Japan do a better job than the US typically in these areas. It is very difficult to properly regulate and impose penalties with success. The real question is whether the free market and privatization in the US are willing to take responsibility before it is necessary for government regulators to intervene. The environment, community, employee relations are all areas that must continually be analyzed instead of embracing the cut and run opportunities of globalization or corporate excess, ie: Haliburton & Enron." -- Randy L.