New York Times (April 1)
Congress just passed the “deeply flawed” JOBS Act. President Obama should not sign this bill which “rolls back important investor safeguards from the post-Enron Sarbanes-Oxley law and the post-financial crisis Dodd-Frank law.” If it becomes law, it “is an invitation to a fresh round of financial malfeasance…sooner or later, investors will be harmed by its heedless weakening of important protections.”
Tags: Congress, Dodd-Frank, Investors, JOBS Act, Safeguards, SOX, U.S.
New York Times (March 11, 2012)
The proposed JOBS Act (an acronym for Jumpstart our Business Startups) is “a terrible package of bills that would undo essential investor protections, reduce market transparency and distort the efficient allocation of capital.” Amazed by the utter lack of memory, the New York Times stands opposed. “We know memories are short in Washington. But Enron was just 10 years ago. And the entire system almost imploded in 2008. There is no excuse.”
Tags: Congress, Enron, Financial Crisis, Investors, JOBS Act, Start-ups, Transparency
