Nathan (vovat) wrote,
Nathan
vovat

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Modern Money Matters

Following up on what I said yesterday about accountability, a few things come to mind. One is the Sarbanes-Oxley Act that forbade corporations to audit themselves. Also, I spent some time this year doing temp work at a mortgage company, and while I was there, a law went into effect that the lenders couldn't communicate with the appraisers until the appraisals were finished. To me, these things just sound obvious, but I've actually known people to complain about both. During the 2008 presidential campaign, Mitt Romney claimed that Sarbanes-Oxley was too restrictive. Did he also ask if he could grade his own exams when he was a student?

On another topic, I'm sure you've heard about the people going to town hall meetings regarding health care and screaming that they want their country back. Back from what? Well, from the black guy, I would imagine, but I've heard people try to claim otherwise. Apparently the idea that some rowdy Southern rednecks might be racist is too difficult for them to accept. :P One of the Congressmen on the most recent Real Time with Bill Maher episode tried to insist that these people were opposed to deficit spending. Come on, does anyone who isn't directly affected by the national debt actually care about it? By now, I think Americans are used to things operating the same way regardless of what's going on with government funds. I'm not saying that none of these people are CONVINCED that the budget is their main concern, but I tend to doubt it really IS.
Tags: issues, politics
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