Right off the blocks this morning The Supreme Court struck down part of the Sarbanes Oxley antifraud law enacted in response to Enron and other corporate scandals in the early 2000s, The Justices in a 5 – 4 decision said that the Sarbanes-Oxley law enacted in 2002 violates the Constitution’s mandate on the separation of powers. This means that the president will be able to remove members of a board that was created to tighten oversight of internal corporate controls and outside auditors. Originally this board was created by Congress to replace the accounting industry’s regulators amid scandals at Enron, WorldCom, Tyco International and other corporations. The board has power to compel documents and testimony from accounting firms and the authority to discipline accountants. Well, Okay…as long as we have a president who’s minding the Market…
Six Hundred? SIX FUCKING HUNDRED ??? people were arrested in Toronto and all because world leaders at these G-8/G-20 Economic Summits have not listened when in the past we have told them some of us cannot accept that the concentration of wealth in the hands of a few is killing all of us. It's this glaring discrepancy between those who control the flow of wealth and those who are left standing by the river dying of thirst that is starting to get to us...
- KBOO