What is Enronsoxing?
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EnronSOXing is the political practice of hurriedly passing shortsighted law in response to politician’s urgent need to DO SOMETHING after a long neglected problem has exploded onto the public consciousness. True EnronSOXing must have two parts, the rapid creation of bad law and the preceding neglect and inaction during a time when the problem could have been addressed responsibly. Its etymology comes from the SOX (Sarbanes-Oxley) legislation passed in response to the Enron crisis.
Housing bailout legislation looks to be classic EnronSOXing.
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