Bush Defends Sarbanes-Oxley

ABC News reports:

President Bush said on Monday that tough rules on corporate executives may warrant fine-tuning, but he would not back changes to corporate governance laws that scare capital from the United States.

"We want to make it clear that our country will not tolerate any malfeasance from corporate executive. On the other hand, we understand that if you over-regulate, it will drive capital elsewhere," he told CNBC television in an interview.

George Bush the big government man.