Comments on: Appreciate Your Patience and Support http://www.wholesomereading.com/2010/04/21/appreciate-your-patience-and-support/ Musings on culture and politics by baseball writer Steven Goldman Sat, 19 May 2012 11:20:22 +0000 http://wordpress.org/?v=2.6.3 By: David in Cal http://www.wholesomereading.com/2010/04/21/appreciate-your-patience-and-support/#comment-2051 David in Cal Fri, 23 Apr 2010 15:39:47 +0000 http://www.wholesomereading.com/?p=800#comment-2051 <i>Sarbanes-Oxley (SOX) was a direct response to Enron,...the current round of financial reforms is ...a direct response to public outrage surrounding another financial disaster arising from a lack of regulation, albeit in a different sector.</i> I agree that this is a correct statement. However, what triggered the reforms is less important than whether Obama's proposed bank reform will actually help the public. This financial expert believes that as written they will harm the public. http://www.thedailybeast.com/blogs-and-stories/2010-04-22/obamas-phony-bank-debate/?cid=hp:mainpromo2 Unfortunately, to judge the efficacy of the President's proposal, one must be a banking and regulatory expert and then spend a great deal of time analyzing the proposal. Even then, one might not be correct in predicting just how a new law will operate. (BTW in questioning new regulatory laws, I'm arguing against my own interest. During the last 5 years, I did a lot of consulting work involving SOX compliance.) Sarbanes-Oxley (SOX) was a direct response to Enron,…the current round of financial reforms is …a direct response to public outrage surrounding another financial disaster arising from a lack of regulation, albeit in a different sector.

I agree that this is a correct statement. However, what triggered the reforms is less important than whether Obama’s proposed bank reform will actually help the public. This financial expert believes that as written they will harm the public.
http://www.thedailybeast.com/blogs-and-stories/2010-04-22/obamas-phony-bank-debate/?cid=hp:mainpromo2

Unfortunately, to judge the efficacy of the President’s proposal, one must be a banking and regulatory expert and then spend a great deal of time analyzing the proposal. Even then, one might not be correct in predicting just how a new law will operate.

(BTW in questioning new regulatory laws, I’m arguing against my own interest. During the last 5 years, I did a lot of consulting work involving SOX compliance.)

]]> By: Louis http://www.wholesomereading.com/2010/04/21/appreciate-your-patience-and-support/#comment-2043 Louis Thu, 22 Apr 2010 21:59:39 +0000 http://www.wholesomereading.com/?p=800#comment-2043 Hope things continue to get better, Steve, and that you can soon go back to rousing the ire of your conservative followers. Hope things continue to get better, Steve, and that you can soon go back to rousing the ire of your conservative followers.

]]> By: Shaun P. http://www.wholesomereading.com/2010/04/21/appreciate-your-patience-and-support/#comment-2038 Shaun P. Thu, 22 Apr 2010 05:15:29 +0000 http://www.wholesomereading.com/?p=800#comment-2038 Hope your dad continues to feel better, Steven. Hope your dad continues to feel better, Steven.

]]> By: ConstitutionNotRevolution http://www.wholesomereading.com/2010/04/21/appreciate-your-patience-and-support/#comment-2026 ConstitutionNotRevolution Wed, 21 Apr 2010 23:44:55 +0000 http://www.wholesomereading.com/?p=800#comment-2026 I ditto that!!!!! I ditto that!!!!!

]]> By: ebp http://www.wholesomereading.com/2010/04/21/appreciate-your-patience-and-support/#comment-2020 ebp Wed, 21 Apr 2010 22:55:03 +0000 http://www.wholesomereading.com/?p=800#comment-2020 Here's wishing you the best to you and your family during a difficult time, and a speedy recovery to your dad. Here’s wishing you the best to you and your family during a difficult time, and a speedy recovery to your dad.

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