John Fund discusses the damage to American prestige that Congress caused when it passed the Sarbanes-Oxley Act in 2002 (and blame the president all you want, in the post-Enron climate at that time, a veto override would have been a foregone conclusion). The manifestations are: fewer major financial deals transpiring in the US and the increase in listings on foreign markets.
This reality should be unacceptable to the US. Sarbox needs significant reform SOON.
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