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Capital Flight
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Blog Hit

Capital Flight

Be afraid when a Democrat-dominated, "influential House committee is set to hear testimony from all five commissioners of the Securities and Exchange Commission today—the first time that has happened in at least 10 years." Yes, the SEC is making a House call, as the Wall Street Journal put it. What new havoc will the SEC wrecking ball wreak? That's too early to tell. So far, according to FreedomWorks, the Republican Party's Sarbanes-Oxley Act of 2002 has had the following effects on American capital markets:

07/02/2007
Key Vote NO on the 'Shareholders Vote on Compensation Act'
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Press Release

Key Vote NO on the 'Shareholders Vote on Compensation Act'

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04/18/2007
Heat On Sarbox May Grow As Euro Markets Pass U.S.
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Newspaper Article

Heat On Sarbox May Grow As Euro Markets Pass U.S.

BY RICHARD WILNER

Attempts to overturn portions of Sarbanes-Oxley may pick up steam this week after an April 4 report showed the value of European stock markets has overtaken U.S. markets for the first time since World War I. The seismic shift in the value of equity markets is a further blow to the New York Stock Exchange and other U.S. markets, which have seen some of the larger initial public offerings opt for overseas markets instead of their traditional NYSE home.

04/08/2007
Anguish on Wall Street as European stock markets push US off pole position
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Newspaper Article

Anguish on Wall Street as European stock markets push US off pole position

BY Stephen Foley

There is another new taunt in the "yah boo sucks" slanging match between the City of London and Wall Street. The value of European stock markets has eclipsed that of the US. The moment slipped past unnoticed last Thursday, but make no mistake, it was a historic occasion. Totting up the value of all the companies on the 24 stock markets of Europe, from west to east and taking in Russia and Turkey, you get $15.73 trillion. That's a nudge ahead of the total of US-listed companies, and you probably can't have said that since the end of the First World War.

04/04/2007
FreedomWorks North Carolina Fights State Smoking Ban
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Press Release

FreedomWorks North Carolina Fights State Smoking Ban

Ten  FreedomWorks volunteer activists lobbied the State House to oppose HB 259, which would prohibit smoking in private businesses.

03/28/2007
FreedomWorks Key Votes "No" on Card Check Bill, H.R. 800
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Press Release

FreedomWorks Key Votes "No" on Card Check Bill, H.R. 800

Dear Representative:  On behalf of more than 800,000 FreedomWorks members nationwide, I respectfully  urge you to VOTE NO on H.R. 800, the “Card Check” bill. Instead of addressing fundamental competitiveness issues in the U.S. education, regulatory, tort, and tax systems, the new majority in Congress is bent on raising taxes and re-unionizing the economy.

02/28/2007
Key Vote "No" on S. 2636
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Press Release

Key Vote "No" on S. 2636

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE NO on S. 2636.  This legislation includes a provision dealing with bankruptcy that would allow courts broad authority to rewrite mortgage contracts.  This would set a dangerous precedent, greatly weakening the concept of a contract and its value for all parties involved.  The bill also seeks more direct federal spending, calling for taxpayers nationwide to cover the costs for those regions of the nation where housing markets were overbuilt.

02/26/2007
Big Labor's Card Check is Bad News for Workers
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Press Release

Big Labor's Card Check is Bad News for Workers

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01/17/2007
Forecast Fault Lines
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Press Release

Forecast Fault Lines

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10/18/2006
The Danger of Over-Regulation
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Press Release

The Danger of Over-Regulation

10/11/2006

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