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

Anthony Sabino: We need Sarbanes-Oxley "to prevent the Enrons of the future"

Now we have a greater appreciation of the role of watchdogs. Sarbanes-Oxley was a good idea, is a good idea. Leave it alone. We need it to prevent the Enrons of the future. 

~ Anthony M. Sabino, law professor, St. John's University, "White Collar Crime's New Milestone," Washington Post, May 26, 2006