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Comment by dstroot | Hacker News Reader

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Yes - we punished 1,000’s of good honest companies for the deliberate misdeeds of a few bad apples. Terrible policy.

Those "few bad apples" caused the worst global recession since the Depression. Let's not minimize the circumstances that led to Sarbox.

Edit: This is wrong, see below.

I thought SOX came out of Enron and WorldCom which didn't have much to do with the 2008 recession?

Sarbox was enacted in 2002.

The 2007-2008 financial crisis led to Dodd-Frank, which is much more concerned with banking practices than public investment.

Regulation isn't punishment.

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