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Archive for the 'Congress' Tag

The Supremes and Sarbanes-Oxley…

Tuesday, December 8th, 2009

Yesterday, we took a break from our normal trawl through the filings to cozy up with the transcript from the arguments before the Supreme Court over whether the Public Company Accounting Board (PCAOB), which was created under Sarbanes-Oxley, has a right to exist.
The arguments in the case, which was formally titled the Free Enterprise Fund vs. [...]

It’s time for Congress to start reading some proxy statements!

Wednesday, October 14th, 2009

As we all know now, the Senate Finance Committee passed healthcare legislation yesterday. Of course, as this Bloomberg story points out, there’s still a long way to go.
One of the many things that has been amusing during this whole debate has been resistance by many Democrats — a letter signed by 156 members of Congress [...]

The Senate takes on hedge funds…

Thursday, July 16th, 2009

Yesterday afternoon, we listened in on the Senate Banking Committee’s hearing on additional regulation for hedge funds and other forms of private investment, like venture capital. Which seems like a fairly important topic, given some of the grand-standing we’ve seen in the not-too-distant past from various elected officials. Yet, when the live feed pulled away [...]

Mastercard says see no evil…

Wednesday, May 20th, 2009

Yesterday, the Senate passed by a vote of 90-5 what has been described by the WSJ and others as sweeping restrictions on the credit card industry.
Given how this wasn’t really that big of a surprise and given how the House is expected to pass similar legislation and President Obama is expected to sign it, we [...]

GAO report slams Chris Cox…

Wednesday, May 6th, 2009

This morning, there’s several reports out about a Government Accountability Office report that doesn’t look too kindly on former SEC Chairman Chris Cox. Although I’ve only just received the 64-page report (.PDF), which was requested last year by Rhode Island Senator Jack Reed, this Bloomberg story covers most of the bases and the headline alone [...]