What is a "Foreclosure Victim"?

[tamor]

Originally Posted by Ferd

because i work in an IT shop and see what it has done to business.... and because I have read what it is doing to American Free Interprise.

Sarbanes Oxley is a joke, but it is a bad joke and a costly one.

SOX costs hundereds of billions of dollars to comply with every year. MY company has a Sr. Vice President in charge of an entire division dedicated to nothing but SOX compliance.

It costs a start up business 3 million dollars just to complete the inital compliance to go public above what it cost before SOX.

Currently many American businesses are moving to listing on the British stock exchange instead of the New York Stock Exchange due to this and there are litterally hundereds of American companies that will not go public because of SOX.

it was a collasal mistake and a drain on the economy. I cant say enough bad about it. I cannot rightly express how much I think both Senator Sarbannes and Senator Oxley are a couple of complete nincompoops who need a good caining. They ought to be put in stocks on the whitehouse lawn and people should be allowed to throw rotton tomatoes at them.

If either were on fire, I wouldnt dump a bucket of pig pee on them to put the fire out.

This is me being nice.

Been there, done that -- flashbacks to implementing SOX at the last place I worked gives me nightmares!!

[George]

It seems everyone is a "victim" of something nowadays. Foreclosure victims? How about victims of ignorance? It's called read the fine print. They are playing dumb now but their contract stated they were only fixed for three years.