Nice Work If You Can Get It

One former GOP capo who won't be dinning on egg noodles and ketchup is retiring U.S. Representative Michael Oxley, former chairman of the Financial Services Committee and co-author of the infamous Sarbanes-Oxley Act.  Sarbanes-Oxley, a congressional overreaction to the Enron and Worldcom scandals, did to the financial services industry what the PATRIOT and military tribunals acts did to all of our liberties.  Sarbanes-Oxley is a major reason why many small companies are refusing to list on the American Exchanges and why large companies are leaving Wall Street for London. 

Yet, for the past two years, Oxley turned a deaf ear to calls for reform of this bill.  Now Monday's Roll Call reports Oxley might take a high-paying job with a DC law-lobbying firm that works to roll-back...Sarbanes-Oxley! 

When the mob does it it is called extortion, when politicians do it it is called democracy.

Richard Wilkins