Investor's Business Daily - Should the Sarbanes-Oxley Act be repealed?

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Investor's Business Daily The Sarbanes-Oxley Act should be repealed. "Better still, repeal it altogether and start from scratch."

Evidence approved (6/26/2007 1:39:00 PM)

"Better still, repeal it altogether and start from scratch."

From this IBDeditorial:

The High Cost Of Sarbanes-Oxley
By INVESTOR'S BUSINESS DAILY 
Posted Monday, April 16, 2007 4:20 PM PT 

Since its enactment in 2002 following the Enron scandal, the Sarbanes-Oxley Act has become a costly albatross around the necks of American corporations. Our biggest public companies see the regulatory costs of doing business in our markets soaring, without many offsetting benefits.

. . .

We've long felt that Sarbanes-Oxley was unnecessarily strict. The Sallie Mae and TXU announcements do nothing to dispel that. At the very least, it should be completely overhauled. Better still, repeal it altogether and start from scratch.