Sarbanes-Oxley Law Achieves Logical Conclusion

Nine years later the culmination of the Sarbanes-Oxley law has finally arrived. I have chronicled the slow decline of the US's poistion in capital markets since it's passage. There were brief moments of hope that the law would be muted by some reforms or even scrapped. Alas that was too optimistic and now the consequences are all but irreversible. One more lesson in what happens when we legislate in haste after a crisis and when we "solve" a failure of regulation with more regulation. Sigh.