Many readers know that I have posted frequently on the inane aspects of the Sarbanes-Oxley regulations. Needless to say I believe these regulations are onerous and not helpful to the investor. All that is required (Mr. Greenspan agrees) is for the three top executives of every public corporation to sign documentation every quarter pledging on penalty of fines and criminal action that all financial figures are correct.

Michael G. Oxley, one of the authors of Sarbanes-Oxley, decided not to continue as a congressman. Ironically he has landed at NASDAQ as non-executive chairman of NASDAQ! This is amazing to me. I imagine that Mr. Oxley will certainly get an earful of protests as he meets with executives of NASDAQ-traded companies.

Perhaps Mr. Oxley will finally realize that he created a monstrous regulation that has hurt stockholders. And perhaps he will now turn on this legislation and get it rescinded.