I wouldn't be surprised if the investment firms and small banks ( < 500mil assets) managed to avoid it entirely. Large banks though, I really doubt it because the oversight was so stringent while I was there.
>>snip
>>
>>>It didn't cover banks and investor firms, and guess from where does the next jet of crap target the fan?
>>
>>Not so. Do a quick search on Sarbanes here in the UT and find my messages. I spent over 5 years working for a major financial institution and the act created a LOT of extra work. It indeed did covere financial institutions with greater than 500mil in assets - which all but the smallest bank fall into that category. For those with less than 500 million in assets, they were given a time frame for compliance.
>
>Then whoever said that in the media was wrong - or the guys have found a way around it.
.·*´¨)
.·`TCH
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"When the debate is lost, slander becomes the tool of the loser." - Socrates
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"De omnibus dubitandum"
