Thursday, June 25, 2009
On Monday, June 22, 2009, the McHenry County Board of Health was asked to consider to adopt and if adopted to forward to the appropriate subcommittee of the County Board the implementation of a Compliance Committee. This committee an offshoot of the Sarbanes-Oxley Act of 2002 was federal legislation enacted to protect shareholders and the general public from accounting errors and fraudulent practices. It is administed by the Security and Exchange Commission and it sets deadlines for compliance and publishes rules. After reviewing the GREAT JOB?....they did in protecting us from the worse recession/depression? since the great depression I decided to vote NO. My NO vote had no effect except to make me feel better and to express my disgust with the job they have done to get us into this current situation. Since it was a mandated federal program, that was not funded, it had to go through irrespective of the vote. You the tax payer are again paying for another federal program. Now the SEC wants any entity accepting federal money to do their work for them; I guess since they screwed it up to the tune of trillions of dollars the first time. If you really think that this new federal legislation is going to allow the feds to know where all trillions went then I have a message for you; the tooth fairy left a dollar under my pillow last night.