Comments on: Morning Bell: Did Ken Lay Get to Write Sarbanes-Oxley? http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/ Tue, 14 Feb 2012 15:42:45 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Bailout defeated in House - Truckingboards Truck Drivers Forum http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-6212 Bailout defeated in House - Truckingboards Truck Drivers Forum Tue, 30 Sep 2008 03:39:40 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-6212 [...] even further. "This is not just about Wall Street," said the Banking Committee chairman. Morning Bell: Did Ken Lay Get to Write Sarbanes-Oxley? ? The Foundry [...] [...] even further. “This is not just about Wall Street,” said the Banking Committee chairman. Morning Bell: Did Ken Lay Get to Write Sarbanes-Oxley? ? The Foundry [...]

]]> By: el http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-6220 el Tue, 30 Sep 2008 02:22:54 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-6220 Sarbanes-Oxley:(SOX) or(Sarbox) Official name is: Public Company Accounting Reform and Protection Act of 2002 Written by Paul Sarbanes (D-MD) and Michael G. Oxley (R-OH)they also sponsored this act. It was signed into law by President Bush is 2002 and is the result of congress attempting to prevent future corporate fraud such as Enron, WorldCom, etc. It raises the the accounting standards in areas like corporate governance, securities analysis, and performance of audit. CEO's, CFO's and the Board of Directors can now be held financially responsible for bad bookkeeping or bad management (when shareholder's money it at stake). That is why it is amusing for someone to suggest that Ken Lay...(Enron), wrote this legislation. Sarbanes-Oxley:(SOX) or(Sarbox)

Official name is: Public Company Accounting Reform and Protection Act of 2002

Written by Paul Sarbanes (D-MD) and Michael G. Oxley (R-OH)they also sponsored this act.

It was signed into law by President Bush is 2002 and is the result of congress attempting to prevent future corporate fraud such as Enron, WorldCom, etc.

It raises the the accounting standards in areas like corporate governance, securities analysis, and performance of audit.

CEO's, CFO's and the Board of Directors can now be held financially responsible for bad bookkeeping or bad management (when shareholder's money it at stake).

That is why it is amusing for someone to suggest that Ken Lay…(Enron), wrote this legislation.

]]> By: Bailout defeated in House - Truckingboards Truck Drivers Forum http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-6189 Bailout defeated in House - Truckingboards Truck Drivers Forum Mon, 29 Sep 2008 18:31:00 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-6189 [...] even further. "This is not just about Wall Street," said the Banking Committee chairman. Morning Bell: Did Ken Lay Get to Write Sarbanes-Oxley? ? The Foundry [...] [...] even further. “This is not just about Wall Street,” said the Banking Committee chairman. Morning Bell: Did Ken Lay Get to Write Sarbanes-Oxley? ? The Foundry [...]

]]> By: Pat, Boston, MA http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-6133 Pat, Boston, MA Sun, 28 Sep 2008 10:55:11 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-6133 If the concern is Main Street, the better idea is to relocate Wall Street to Main Street, and end the collusion that creates the need for bail outs to fund the ongoing financial extortion of the American people that occurs with Congressional compliance and encouragement, if not the cloak of propriety. If the concern is Main Street, the better idea is to relocate Wall Street to Main Street, and end the collusion that creates the need for bail outs to fund the ongoing financial extortion of the American people that occurs with Congressional compliance and encouragement, if not the cloak of propriety.

]]> By: IrishEyes2c, Alabama http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5903 IrishEyes2c, Alabama Wed, 24 Sep 2008 17:29:44 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5903 It's the greedy individuals who run our banks, Wall Street and mortgage companies who created this financial mess. Giving mortgage loans to individuals who could not afford to pay back those loans shows extremely bad common sense as well as a poor business decision, especially when they never asked for financial records from their applicants. Fannie Mae was created by FDR and Freddie Mac is another democratic invention. These are the same people who have supported the Democratic Party for decades by providing campaign funding. Barack Obama as well as other democrats in our current Congress accepted funds from them once again. When a Democratic majority in Congress, who run the financial and banking committees ignore the warning sign, and especially when the President warned them to look at the signs 17 times during his administration and made the choice to ignore them. Christopher Dodd and Barney Frank are front and center in their ignorance of all the warning signs. If we did the same thing in a privately held company we would be fired. I think Americans really need to make some easy decisions to remove those who ignored all the warning signs, especially when the President was warning them in advance. The democrats in Congress despise George Bush so much that they ignored his warning and continued to play politics. Now, those same individuals who ignored him are now blaming him. I don’t hold George Bush accountable on hold the Democratic House and Senate accountable as well as their leaders Nancy Pelosi and Harry Reid. Now once again in watching Congress come up with a plan to have the American public rectify the situation that they caused. Democrats are continually playing political games. They’re adding things onto the Bill which they know on the outset are wrong, but place them on the Bill so that the Republicans and President Bush object to it and most likely will veto the Bill. So, the democrats can continue to point fingers. What they do is so destructive I have to starting thinking that they wanted this to happen so they could blame Bush. But the truth was released about the many times the democratic congress made the choice to ignore it. So, does America really need to have a President who wants to destroy our economy and finance so the Democrats can take control over everything in our Government? How is that going to help the issues on Wall Street and Main Street, which they cause? From where I’m sitting it shows me once again, they take party over the public. Can America support such egoistical politicians? I know I can and won’t support them. Country First. John McCain made a positive decision today by returning to the Senate to assist in correcting the financial issues of the United States, while once again Barack Obama picks himself over the Country. Can America afford a President who thinks that way? I don’t think so. It's the greedy individuals who run our banks, Wall Street and mortgage companies who created this financial mess. Giving mortgage loans to individuals who could not afford to pay back those loans shows extremely bad common sense as well as a poor business decision, especially when they never asked for financial records from their applicants. Fannie Mae was created by FDR and Freddie Mac is another democratic invention. These are the same people who have supported the Democratic Party for decades by providing campaign funding. Barack Obama as well as other democrats in our current Congress accepted funds from them once again.

When a Democratic majority in Congress, who run the financial and banking committees ignore the warning sign, and especially when the President warned them to look at the signs 17 times during his administration and made the choice to ignore them. Christopher Dodd and Barney Frank are front and center in their ignorance of all the warning signs.

If we did the same thing in a privately held company we would be fired. I think Americans really need to make some easy decisions to remove those who ignored all the warning signs, especially when the President was warning them in advance. The democrats in Congress despise George Bush so much that they ignored his warning and continued to play politics. Now, those same individuals who ignored him are now blaming him. I don’t hold George Bush accountable on hold the Democratic House and Senate accountable as well as their leaders Nancy Pelosi and Harry Reid.

Now once again in watching Congress come up with a plan to have the American public rectify the situation that they caused. Democrats are continually playing political games. They’re adding things onto the Bill which they know on the outset are wrong, but place them on the Bill so that the Republicans and President Bush object to it and most likely will veto the Bill. So, the democrats can continue to point fingers. What they do is so destructive I have to starting thinking that they wanted this to happen so they could blame Bush. But the truth was released about the many times the democratic congress made the choice to ignore it.

So, does America really need to have a President who wants to destroy our economy and finance so the Democrats can take control over everything in our Government? How is that going to help the issues on Wall Street and Main Street, which they cause? From where I’m sitting it shows me once again, they take party over the public. Can America support such egoistical politicians? I know I can and won’t support them. Country First.

John McCain made a positive decision today by returning to the Senate to assist in correcting the financial issues of the United States, while once again Barack Obama picks himself over the Country. Can America afford a President who thinks that way? I don’t think so.

]]> By: Thomas Jackson http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5854 Thomas Jackson Tue, 23 Sep 2008 21:20:57 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5854 This country needs a revolution. This country needs a revolution.

]]> By: Fausta’s Blog » Blog Archive » The bailout, the terror warning, little Najoud, and the roundup http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5842 Fausta’s Blog » Blog Archive » The bailout, the terror warning, little Najoud, and the roundup Tue, 23 Sep 2008 21:16:57 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5842 [...] Did Ken Lay Get to Write Sarbanes-Oxley? [...] [...] Did Ken Lay Get to Write Sarbanes-Oxley? [...]

]]> By: James L (Jim) Frobas http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5851 James L (Jim) Frobas Tue, 23 Sep 2008 20:49:02 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5851 Chris Dodd and all these other hoodlums are going to destroy this country. I say "ditto" to Mary Dunn's comments (sounds exactly like my story) and I would add that I am thinking that Chuck Norris may be correct--there is a revolution coming. James L. Frobase, retired small business owner. Chris Dodd and all these other hoodlums are going to destroy this country. I say "ditto" to Mary Dunn's comments (sounds exactly like my story) and I would add that I am thinking that Chuck Norris may be correct–there is a revolution coming.

James L. Frobase, retired small business owner.

]]> By: Mary M. Dunn - Portl http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5840 Mary M. Dunn - Portl Tue, 23 Sep 2008 17:03:07 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5840 My husband and I are in our 70's and retired. We have both worked hard to educate our children and provide for our retirement. It is demoralizing to see the shenanigans going on with our elected officials and we don't feel that any of them can be trusted. Many of our friends feel the same way and worry that the money we have set aside in various investments will see us through. What has happened to honesty, integrity and responsible behavior. It makes us sick at heart. My husband and I are in our 70's and retired. We have both worked hard to educate our children and provide for our retirement. It is demoralizing to see the shenanigans going on with our elected officials and we don't feel that any of them can be trusted. Many of our friends feel the same way and worry that the money we have set aside in various investments will see us through. What has happened to honesty, integrity and responsible behavior. It makes us sick at heart.

]]> By: Obama wants, “New Driver”. Hell we need to get rid of the backseats ones too. - A Grym View http://blog.heritage.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5825 Obama wants, “New Driver”. Hell we need to get rid of the backseats ones too. - A Grym View Tue, 23 Sep 2008 16:03:00 +0000 http://www.foundry.org/2008/09/23/morning-bell-did-ken-lay-get-to-write-sarbanes-oxley/#comment-5825 [...] are also to blame. So i agree with The Heritage Foundation asking the same type of question. Morning Bell: Did Ken Lay Get to Write Sarbanes-Oxley? You don’t let the Captain of the Titanic man the rudder of the rescue [...] [...] are also to blame. So i agree with The Heritage Foundation asking the same type of question. Morning Bell: Did Ken Lay Get to Write Sarbanes-Oxley? You don’t let the Captain of the Titanic man the rudder of the rescue [...]

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