Proposed: Biggest Overhaul of the US Financial Regulatory system since the Great Depression.

[elizabeth]

http://news.yahoo.com/s/ap/20080331/ap_on_go_ca_st_pe/fed_overhaul

http://www.bloomberg.com/apps/news?pid=20601103&sid=a9LEWNdBhrf8&refer=us

http://www.newsweek.com/id/129826

[jerzymama]

http://news.yahoo.com/s/ap/20080331/ap_on_go_ca_st_pe/fed_overhaul

http://www.bloomberg.com/apps/news?pid=20601103&sid=a9LEWNdBhrf8&refer=us

http://www.newsweek.com/id/129826


I read one report where much of this is to directly undo the effects of the Sarbanes-Oxley Act - which was designed to protect investors and the public from things like Enron - but has had a net effect of costing billions of dollars of regulatory layers and made doing business in the US as a public company very unpleasant, difficult & expensive proposition.