To the People

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or TO THE PEOPLE.

Monday, March 12, 2007

US Regs vs. US Competitiveness

On Sunday the Wa Post had an article about the new super-rich in London. While most readers might have been outraged at their excesses I thought, my god, that insane money used to be in New York.

And it isn't anymore, thanks to Sarbanes-Oxley and US prosecutors who turn private enterprise into a highly litigated and risky proposition.

Hank Paulson is trying to turn the boat around, but he does not have an easy task as the Dems in control are focusing on things like "excessive" executive pay instead of the real issues that make companies list on the London Exchange versus the NASDAQ or Big Board.

How did the Republicans pass Sox to begin with? It was another betrayal of conservative principles.

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