Remember what I said about regulation in the USA? Well, see one of the problems of that.
Read and weep!
A record 12.4% of foreign companies listed in New York have chosen to delist this year, as a committee of prominent academics and financiers endorsed by US Treasury Secretary Hank Paulson said the country's public equity market has continued to decline in competitiveness.
The number of delistings on the New York Stock Exchange has increased from 12 in 1997, 3.9% of all foreign listed companies, to 30 last year which was a rate of 6.6%, according to a new report entitled “The Competitive Position of the US Public Equity Market” by the Committee on Capital Markets Regulation.
All this to be taken with a grain of piquant salt!!!