Wednesday, April 7, 2010 as of 11:14 AM ET
Remember when the heads of CEOs were supposed to roll when things went sour at their companies?A key part of the Sarbanes-Oxley law enacted to stop future scandals like Enron and WorldCom was that chief executives had to personally certify that all was kosher on their books.
The law was designed to prevent a Sgt. Schultz "I know nothing" defense and make top execs personally responsible for the wrongdoing of everyone at their companies.That should make folks like Jon Corzine and even, to a lesser degree, Jamie Dimon quake in their boots, right?Not really.Turns out there are so many loopholes that market regulators don't even bother trying to hold execs accountable under Sarbox anymore. Which is why the permanent DC rules factory now at full tilt will likely be ignored in the future, as executives continue to do an end run around the rules. The U.S. government moved quickly after Enron, WorldCom and other companies blew up in accounting scandals where executives had inflated their earn...
Former UBS Chairman Joe Grano on J.P. Morgan’s losses and whether regulations would have prevented it.
Republican Strategist Ron Christie, Democratic Strategist Hank Sheinkopf and FNC contributor Judith Miller on talk show host Tavis Smiley’s comments about the President and Obama’s position on same-sex marriage.
Former Treasury Secretary Paul O’Neill on whether the government should bail out larger failing companies.
FBN’s Lou Dobbs on the Administration’s regulation of the coal industry.
FNC Contributor Karl Rove on why the economy is the key campaign issue despite Obama stating his position on same-sex marriage.
“The Coming Collapse of China” author Gordon Chang on the Fed allowing Chinese state-controlled banks to buy U.S. banks.
FBN’s Lou Dobbs on the perks former Presidents continue to receive, paid for by taxpayers.
FBN’s Lou Dobbs lists many of Obama’s flip-flops since he became President.
A group of chief executives--many from electric utilities--on Wednesday came out against the Obama administration's plan to raise taxes on dividends and capital gain...
Political analyst Craig Crawford discusses the battleground states for the upcoming presidential election.
Author Gordon Chang discusses the struggles of the Chinese dissident and his efforts to come to America.
Anthony Sanders of George Mason University argues we should abolish Fannie Mae and Freddie Mac.
WSJ Senior Economics Writer Stephen Moore on the federal government’s spending under the President.
FBN’s Gerri Willis on the federal government’s spending under Obama.
Ave Maria University President Jim Towey on the college’s lawsuit over the Administration’s birth-control mandate and its impact on religious liberty.
Former Gov. Tim Pawlenty, (R-Minn.), argues Romney is more capable of handling the economy than Obama.
“Bay and Her Boys” author Bay Buchanan on Mitt Romney’s plan to tackle the government’s debt and boost the economy.
Hope Christian Church Senior Pastor Bishop Harry Jackson on the President’s support of same-sex marriage and its impact on the election.
FBN’s Lou Dobbs on liberal commencement speakers outnumbering conservatives seven to one, and its impact on fundraising.
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