The Jobs Act

Discussion in 'General Economic Discussions' started by nm505, Mar 25, 2012.

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  1. nm505

    nm505 Member

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    http://www.nationofchange.org/dumbest-bipartisan-move-repealing-glass-steagall-1332569940

    Seems to be a bipartisan bill BUT is this like repealing Glass-Stegall which was a huge mistake???


    Now we have the "JOBS" Act, which undoes Sarbanes-Oxley's key provisions. In a typically cynical move, the corrupt dealmakers of DC have appropriated two good ideas - "crowdfunding" by individuals, as is done on Kickstarter, and the need to find investment capital for small and medium-sized businesses that are the engines of job growth.
     
  2. Michigan CG

    Michigan CG Moderator Staff Member Moderator

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  3. nm505

    nm505 Member

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    Yeah so... what do you think of the JOBS Act????
     
    Last edited: Mar 25, 2012
  4. Terrel L. Shields

    Terrel L. Shields Elite Member

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    Sarbanes-Oxley never worked as well as Glass-Steagall did...
     
  5. Restrain

    Restrain Elite Member

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    Just as a comment, SOX is better described as the accounting company full-employment act. It never differentiated as to size of the company, risk assessment, asset types and business types, all of which can and should enter into the accounting and reporting. Smaller companies have been very reluctant to go public and smaller companies that were once public are now privately-owned, all due to SOX reporting.
     
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