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Rep. John Sarbanes: Fixing One Wall Street Scandal, Forgetting the Last
1 hour, 19 minutes ago ago from Huffington Post
In 2001, the sudden collapse of corporate giants like Enron and WorldCom wiped out the retirement funds of millions of Americans and badly damaged investor confidence in our capital markets. As it became clear that these companies had "cooked the books" - willfully misleading shareholders about their true value - leaders in Congress began crafting what eventually became known as the Sarbanes-Oxley Act. After months of hearings and ...
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