Sarbox Cynicism

In the early days of this blog, I commented alot on the wrongheadedness of Sarbanes-Oxley. Now, oddly enough, there seems to be an effort underway to get some firms exempted from this onerous and worthless law. But only some firms and not because the law stinks and it is the right thing to so, but because there is some patronage to dole out and votes to be bought. Sad. Our government creates the problems and then rides to the rescue granting exemptions from their laws in order ease burdens, all for a fee of course.