BUSH "We don't need to change the law, we need to change the way the law is implemented."

Bush says lawsuits, regulations hurting markets
Wed Jan 31, 2007 11:40am ET


NEW YORK (Reuters) - President George W. Bush said on Wednesday that an excessive number of lawsuits and overregulation were hurting the competitiveness of U.S. financial markets.

"America's capital markets are the deepest, the broadest and the most efficient in the world," Bush said in his "State of the Economy" speech delivered at the landmark Federal Hall on Wall Street.

"Yet, excessive litigation and overregulation threaten to make our financial markets less attractive to investors, especially in the face of rising competition from capital markets abroad," he said.

Bush called for changes to the Sarbanes-Oxley Act on corporate regulation, saying that Section 404 of the law has been "costly for businesses and may be discouraging companies from listing on stock exchanges. We don't need to change the law, we need to change the way the law is implemented."

http://today.reuters.com/news/articlenews.aspx?type=newsOne&storyID=2007-01-31T164310Z_01_WBT006507_RTRUKOC_0_US-BUSH-ECONOMY-MARKETS.xml&WTmodLoc=Home-C2-TopNews-newsOne-6

or not? Is there not one congressperson or senator who has the guts to confront him & the entire cabal? What the hell are they afraid of? The majority of the population wants the destructive neo-con policies fixed and/or reversed. What part of the November vote did they not understand?

really believe that the financial markets are overregulated.

This is why I want to keep my $$ under my mattress.