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To: JDN who wrote (50692)7/25/2002 2:37:28 PM
From: Steve Dietrich  Read Replies (1) of 64865
 
<<Dear Steve: You missed the point. The Sarbanes bill was WATERED DOWN >>

Do you have any examples of it being watered down? Everything i read says that the Republicans in the house basically capitulated to the Senate, and the only changes that were made were to make the bill tougher.

this from Reuters:

"The final measure preserved most of the stricter auditing oversight sought by the Democrat-led Senate but with the stiffer penalties passed by the Republican-controlled House."

And this from AP:

"House Republicans ended up accepting most of the stricter parts of a bill that the Democratic-controlled Senate passed unanimously last week.

With congressional elections looming in November, Republicans gave ground, aware that a string of corporate accounting scandals has unnerved investors and the stock market, hitting Americans' retirement savings hard."

If you've got something to the contrary, i'd certainly like to see it. Otherwise, i can't understand your assertion above.

Steve
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