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Why Sarbanes-Oxley Didn't Prevent the Latest Crisis

Submitted by Roland, Feb 14, 2008 11:41

Why didn't Sarbanes-Oxley prevent the subprime mortgage crisis?

It wasn't designed to prevent the subprime mortgage crisis any more than it was designed to reverse the course of the moon.

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Comment	By	Date
The primary thrust of the Sarbanes-Oxley Act is to instill internal controls over financial reporting and make management responsible for... [MORE]	M. Mooradian	Feb 16, 2008 08:24
Why didn't Sarbanes-Oxley prevent the subprime mortgage crisis? It wasn't designed to prevent the subprime mortgage crisis any more than it...	Roland	Feb 14, 2008 11:41