Will credit crunch lead to mini-Sarbox?

Bank Systems & Technology notes that Michael Oxley, now the vice chairman of NASDAQ, was at a Gartner event where he did not discuss Sarbanes Oxley as part of his address. Some may think that the credit woes we've read so much about are related to Sarbox. I'm not so sure you can make that generalization. But I agree that "it would have been enlightening to get Oxley's perspective on how so many warning signs could have been missed or ignored." There seem to be some specific companies where very controversial practices should have been flagged. I'm thinking about certain mortgage firms where lots of stuff went on to close a sale. What may happen, however, is that a mini-Sarbox aimed at the mortgage business is proposed at some point.   

For more:
- here's the article from Bank Systems & Technology
- here's a piece from Forbes on his talk