Some believe that Sarbanes Oxley was necessary to help investors. They say that were problems pre-Sarbanes Oxley and that there was: no real scrutiny of the "self-regulated" audit firms who at the time were attempting to bolster consulting fees by telling clients what they wanted to hear. And that Sarbanes Oxley was necessary; well we know that is complete and utter hokum, what we should have done was simply get rid of all the accountants? Lawyers, Regulators and allow businesses to run free? If the lawyers are all crooks, and the accountants are crooks. Why not ditch them and let buyer, investor beware, educate them in Due diligence? How can a pea head regulator know what is right? Have they ever had to make a payroll? Have they even ever worked a lemonade stand?

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Those who endorse the efforts of the regulators and folks like Elliot Spitzer fail to realize the inefficiencies this causes in companies and those additional costs are passed on to consumers, the same consumers that the Attorneys Generals and Federal Regulators are to be protecting. Just because some mutual fund companies are trading after hours and have been for decades does not mean the consumer is harmed?

No need to take more money out of the market. Dot Com crash, Telecom crash and Enron issues took 7 Trillion dollars out of the market, this is not a zero sum game, it friggin evaporated, why? Senator Sarbanes in my opinion is a complete moron, Oxley I have never met. As far as the political ambitions of Elliot Spitzer, that is another story. Investors and those who believe Sarbanes Oxley is good for America fail to realize that just because a hedge fund is cheating, does not mean they all suck.

Many who invest in Hedge Funds know it is a high-risk game, you play you accept that, but they move faster because Reg D was created for experienced and wealth investors. Which it should be and should stay, SECs Cox is wrong to take away the ability and the right to free contract and bombard it with regulations. The government regulators just want their fingers, no actually penises, up everyone's anuses.

Those companies or Reg D Hedge Funds which are good, will draw in the right folks, those that are bad will sink. If you are looking for high stakes and big returns it should be allowed. If you are low risk, do something else. There were many rock solid plays in the Dot Com days, which everyone knew most had days which were numbered. When seven trillion leaves the market that quickly, everyone loses even the good solid, low ratios of assets to earnings, not just the Dot Com high-tech sectors with book to bill ratios in perpetual orbit. The regulators are the ones which ruin the economy and cause negative sectors in our markets. They are traitors to Capitalism, Free Markets and Country. Should they be shot? You decide, think on it.