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You are mixing up your meltdowns.

SOX was a corporate regulation in response to Enron's abuse of deregulated energy market in California and the 2001 tech bubble burst.

The 2008 meltdown was due to deregulation of the mortgage and derivatives markets (and also a bit of regulation that promoted bad loans to poor families. )




SOX in turn faced regulatory attack and was scaled back down, which in turn was a contributing factor to the 2008 meltdown from what I recall.




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