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Greenspan: Scrap Sarbanes-Oxley

Greenspan: Scrap Sarbanes-Oxley

by Rick Turoczy on September 25, 2006

Alan Greenspan told a Boston business audience tonight that nearly all of the Sarbanes-Oxley corporate governance rules passed in 2002 should be scrapped.

The legendary former Fed chief also called for higher gasoline taxes to reduce U.S. oil consumption on “national security” grounds.

Greenspan, who in his 18 years running the Fed earned a reputation for speaking cautiously, also raised eyebrows with other unusually frank remarks in an hourlong conversation in front of 800 members of the Mass. Technology Leadership Council.

Greenspan: Scrap Sarbanes-Oxley

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