May 27, 2008

Rudy Giuliani on financial regulation

Bartiromo: How should Sarbanes-Oxley be changed?

Giuliani: We have a tendency to underregulate. Then we have scandals, and we swing wildly in the other direction. I think it's time we take a look at some of the requirements of Sarbanes-Oxley. That doesn't mean we get rid of it, but we start to make it more balanced. Most American businesspeople are honest. We have some dishonest ones, but we can't overreact to that.

~ Rudy Giuliani, "Rudy Giuliani On Iraq, Taxes, Mistakes," BusinessWeek, April 30, 2007, interview by Maria Bartiromo

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