Wednesday, September 19, 2007
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Another Reason to Repeal Sarbox
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Posted by:
Patrick Ruffini at
9:45 AM
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Rudy Giuliani is fundraising... in London! Tim Montgomerie's Britain and America blog notes the regulatory roots behind the offshore fundraising boom:
But it's not all summitry. A key reason for Giuliani's visit is to extract money from the wealthy and growing American population that can be found in London. Huge numbers of American businessmen and firms operate in London - the numbers have allegedly been swollen by people escaping the regulatory insensitivity of the Sarbanes-Oxley Act. Some London politicians have suggested that a statue of Senator Sarbanes and Representative Oxley be erected in the booming Docklands area of Britain's capital city as a cheeky thank you for the business that (disputedly) has migrated across the Atlantic as a consequence of their lawmaking. Here's Rudy outside Number 10. Joe's right: this is a shot any candidate would kill for:
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