SPOOZ Inc (SPZI)

[songbirdia]

OT: "Former Federal Reserve Chairman Alan Greenspan said Thursday he expects newly energized congressional Democrats to ease some accounting requirements of a landmark 2002 anti-fraud law that much of corporate America has criticized as overly burdensome ...

"Greenspan said he expects changes to a Sarbanes-Oxley provision called Section 404, which requires publicly traded companies to file reports with regulators on the strengths of their internal financial controls and fix any problems. Critics say the rules have triggered a steep rise in accounting expenses and need to be relaxed, especially for smaller companies ...

"Sarbanes-Oxley passed both houses with almost unanimous votes. Any bill that goes through Congress with that sort of vote cannot be good," Greenspan said to laughter and loud applause...

The law passed "with the vast, vast majority of the House and Senate not having read the bill," Greenspan said."

http://www.accountingnet.com/x55476.xml

The Sarbanes-Oxley law is something that Paul has mentioned as being burdensome.