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Nor*Cal
Ladies Man
Joined: 12 Jan 2003
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City: Sac
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 Posted: Feb 16, 2012 10:35 am Post subject: Regulations, the overlooked bureaucracy |
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Some of you may have noticed my angst about unelected and unaccountable agencies, boards, quasi-legislative bodies and individuals that account for the Bureaucracy. I truly believe the lack of accountability has lead us down a rabbit hole that is more detrimental than anything Congress or the Presidency does. While a part of the Executive the Bureaucracy has evolved into an almost independent branch that is difficult to control.
http://www.economist.com/node/21547789
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Neognosis
Ladies Man
Joined: 13 Jan 2003
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City: Webster
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| Posted: Feb 16, 2012 10:40 am Post subject: |
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I see this mentality EVERYWHERE and I hate it.
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chavez
Ladies Man
Joined: 22 Sep 2003
Posts: 27375
City: Roseville
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| Posted: Feb 16, 2012 10:43 am Post subject: |
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| Quote: | | There are nine codes relating to injuries caused by parrots, and three relating to burns from flaming water-skis. |
Ok the parrots I get. Those little bastards can chomp. But flaming water skis? Isn't that like, an oxymoron or something? 
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| Quote: | | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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chavez
Ladies Man
Joined: 22 Sep 2003
Posts: 27375
City: Roseville
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| Posted: Feb 16, 2012 10:48 am Post subject: |
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| Quote: | | Complexity costs money. Sarbanes-Oxley, a law aimed at preventing Enron-style frauds, has made it so difficult to list shares on an American stockmarket that firms increasingly look elsewhere or stay private. America’s share of initial public offerings fell from 67% in 2002 (when Sarbox passed) to 16% last year, despite some benign tweaks to the law. |
The author should not comment about things he has no clue about.
1) Sarbox did not make it any more difficult to list companies. Between 02 and 03, we got tens of companies listed, and that was just one tiny IB firm. I was directly involved in the process - I was typically the one dealing with the SEC and NASD regulators.
2) IPOs fell because there was not demand for them thanks to the .Com bust. If demand was there, they would have been filed, Sarbox or not.
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| Quote: | | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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Nor*Cal
Ladies Man
Joined: 12 Jan 2003
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City: Sac
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| Posted: Feb 16, 2012 10:49 am Post subject: |
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chavez, probably relating to water ski shows/events. If they can regulate it they will.
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chavez
Ladies Man
Joined: 22 Sep 2003
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City: Roseville
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| Posted: Feb 16, 2012 10:55 am Post subject: |
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Nor*Cal, haha. Still sounds funny.
And I should clarify: Sarbox did make it more onerous to file for public listing, but it did not slow the process enough to blame for the slowdown in IPO filings. The reality is we included whatever disclosure was necessary, switched to so-called "plain engrish", and filed. Not a problem.
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| Quote: | | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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chavez
Ladies Man
Joined: 22 Sep 2003
Posts: 27375
City: Roseville
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| Posted: Feb 16, 2012 10:56 am Post subject: |
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Just finished it. Other than the points I made above, I agree with the author on this subject.
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| Quote: | | That's Mr. Gingermex to you a$$hole. |
RIP MHL 04/25/1958 - 01/11/2006 |
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eeven73
PityDaFool Who Posts This Much
Joined: 16 Jan 2003
Posts: 5377
City: Halfway
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| Posted: Feb 16, 2012 11:44 am Post subject: |
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SarbOx also put personal liability on the people signing statements like annuals and 10ks. From my experience one the most often commented reasons for not going public.
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Last edited by eeven73 on Feb 16, 2012 11:48 am; edited 1 time in total |
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eeven73
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| Posted: Feb 16, 2012 11:45 am Post subject: |
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| cameraboy wrote: | | I see this mentality EVERYWHERE and I hate it. |
Did you really just say this? Or did someone hack your account.
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Neognosis
Ladies Man
Joined: 13 Jan 2003
Posts: 17617
City: Webster
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| Posted: Feb 16, 2012 1:47 pm Post subject: |
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I work for a corporation. We are just as redundantly bogged down in over regulation from within at every level as the government.
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eeven73
PityDaFool Who Posts This Much
Joined: 16 Jan 2003
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| Posted: Feb 16, 2012 1:49 pm Post subject: |
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| eeven73 wrote: | | cameraboy wrote: | | I see this mentality EVERYWHERE and I hate it. |
Did you really just say this? Or did someone hack your account. |
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Nor*Cal
Ladies Man
Joined: 12 Jan 2003
Posts: 9479
City: Sac
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| Posted: Feb 16, 2012 2:14 pm Post subject: |
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I think over-regulation is a non-partisan issue. Things are really out of hand.
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eeven73
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Okie Boarder
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Joined: 03 Mar 2008
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City: Edmond
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Neognosis
Ladies Man
Joined: 13 Jan 2003
Posts: 17617
City: Webster
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| Posted: Feb 18, 2012 8:39 am Post subject: |
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I just heard about this.
And on the flip side, a kid in my girl's class, 10 years old, starting telling her that he's going to slash her face open with a razor. And he's starting making other threats, and they are all shockingly graphic for a 10 year old.
She reported it, and it turns out that he was expelled from his last school for attacking a teacher with a pocket knife.
So, some douchebag is taking away some little girl's lunch and overstepping the bounds of common sense, this kid gets to keep going to school and make threats after attacking someone with a knife...
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