lawmakers got religion about fraud and passed the sarbanes oxley act of two thousand and two also known as the public company accounting reform investor protection act or just starbucks for short that's a mouthful right there now starbucks was supposed to mean criminal prosecution for corporate executives who allowed their companies. to publish misleading financial statements but guess what in the wake of the worst financial crisis since the great depression sarbox has been a nonevent i repeat nonevent not one even one captain of industry or big big bank has even been prosecuted under the law now our next guest writer an independent blogger francine mckenna has problems with this she talked to me earlier in the week about accounting accounting firms and accounting statements i started our interview by asking her how a large institution like lehman brothers imploded without any of its auditors raising alarms check it out. really beyond me i'm still mystified and we still don't know why none of the auditors gave us a warning of the possible problems at lehman brothers or any of the other

that spans the team career should be looking for well coming up in just about an average sixteen and oxley and banks at which is today eleven thirty korea time at the final two races at the showcase will feature two korean teams i've seen everything the team and a team that wins twenty fifth now the combined time after all four weeks is what determines the final standings. so team korea fiancee can share on for at least four man race here. now let's take a look at the ranch the schedule for today. the it's the two at fort is second only for those updates and will see you back here tomorrow. i see you. i write now what the other sports news the pga tour's northern trust open keep a close over the weekend and it was american bubba watson who hung on to winger stephen kaye joins us in this sports center with the details below that. hey guys this right watson had a brilliant final rounds coming up to win after starting four shots behind the leader. the victory the nz when the streak that started back in two thousand and twelve. he was in under par going to ground floor there the whole foreign

well again one sarbanes oxley was passed in two thousand and two there was this sort of warm and fuzzy feeling that we would have no more corporate fraud everyone was too afraid to see opposing c.e.o.'s were too afraid because they had to sign on the dotted line for their internal controls. that auditors were now i notice that had sort of the power end in. behind them of the law are to deal with their client strictly and make sure that they told the line in particular on internal controls however again there was a complete lack of enforcement and the auditors have gone right back to where they were probably even worse than they were before enron in terms of doing all kinds of other consulting attack services for our clients and cover my eyes and their integrity and their independence. we really did not see the kind of reduction in accounting fraud however the r.c.c. for example did not. focus on those and force them and they not only missed the made our scandal but once they realized that they had missed the major. scheme they went back and focused specifically on that and said oh we d

korea but on monday addie was actually an achievement for the korean team who competed in the tomb and oxley act and that this is the first time that a korean team competed in this offense at the twenty ten winter a letter to the korean team competed in the form and lasting effect and finished nineteenth. here at sochi in the team encapsulate our one dimensional anti gambling didn't come close to winning a medal but their eighteenth place finish was passed after i clean olympic boxing team now why didn't i see that they had their eyes set on the next winter let the teams here in town. add an extra tissues are already high for them for twenty one. so very humble beginnings to wear the mask expectations and it will just blow it will in no way in the next olympic games so with the leaders call for korea where do we stand in the middle east right now so kind as korea has actually moved up two spots in the medal rankings korea is now at fifteen placed with two full of medals at a total of four olympic medal. you see here. germany is the number one with a cold metal scene when underway had moved a

but, after the collapse of enron, a law called sarbanes-oxley was supposed to stop financial fraud, but it did not stop madoff for credit bubble, we get more rule, government is a hammer, when you have the hammer. everyone looks like a nail. there is a better way, i won't go to a 5 an movie any more before going to the rotten tomatoes web site, what i travel, i go to web sites too see what other tourists said about the hotel. libertarian radio host, jason lewis agree, and liberal radio hostal ape -- >> look at all of the trees that died for that prop. >> there are always crooks. if we didn't have collapse in 2008 maybe we would not need fur legislation. >> dodd-frank codified the law we had in place, including steroid, and bailout, if you make loans to low income people, you are predatorial ending, they had no choice, now the government tells them under dodd-frank, you do we what we say, we'll have an orderly liq liquidoing, code word for bailout. >> republicans and conservatives and libertarians, less government, less regulation, then government collapsed, and dodd-frank corrects them.

as a 2011, the rep oxley 700 registered, but there are thousands the remain unregistered with crumbling infrastructure in many cases. teachers are very concerned and this is something we heard across the board, that some communities may accept funds from abroad to build up their schools. and this may and has been in some cases change the ideological landscape of afghanistan. kunar province, well-known cases where foreign funding, italy for someone who does not ascribe to a particular form of islam is outside the village and in the worst case, worthy of being killed. next slide, please. while traditional muslim networks offer many opportunities, there are four key challenges amongst of course many others that we face which we really should keep in mind in developing and engagement strategy going forward. starts to address the question we had earlier on. first of all, traditional muslim leaders are not as well networked as their counterparts in other muslim countries. for example, just across the war in pakistan, religious institutions will coordinate resources amongst their affiliate sou

we did get a statement, by the way, from the other side by mike oxley, saying american families includingshould congress pass this online gambling ban. the risk of exposure to identity theft, fraud, even money laundering on unsafe, unregulated overseas black-market websites is serious and ignoring that black market rather than addressing it, will only allow those markets to continue to thrive and make us all less safe online. two sides of this argument set to go national in a very big way. >>> still ahead on the show, did you know that there's a tablet for just $30 that's on the market? so, what do you get for a tablet you that can get for 30 bucks? walt mossberg will join us live to tell us what he thinks about it a little bit the street." and wednesday's edition of the santelli exchange. you know, during the shutdown in the first part of october the big story, of course, big story everybody all over government shutdown, it's going to be horrible, the economic data is going to suffer. this is going to be the linchpin for the 2014 midterms. not! you know what? i went back and picked out i