Spitzer Joins Assault on Wall Street Regulations

spitzer2 Spitzer Joins Assault on Wall Street RegulationsSenator Schumer and Mayor Bloomberg on Monday morning repeated their call to reform Sarbanes-Oxley and other aspects of the country’s financial-services regulations, releasing a report warning that the United States stands to lose between $15 billion and $30 billion annually to overseas markets.

What’s news is that Governor Spitzer, formerly known as “The Sheriff of Wall Street,” endorsed the report, which called for clearer guidance on Sarbanes-Oxley, looser immigration restrictions for skilled workers, and a public-private partnership that would act as the liaison between the city and financial-services executives.

Matthew Schuerman