My research into the future of the Anglo-American alliance is turning into a tract that shows every sign of morphing into a monograph. Meanwhile, this could become a major issue. Sarbanes-Oxley, so damaging to American firms, is being exported to London, with American investigators taking extraterritoriality to a new level. The case of the “Natwest Three” (which always seemed to me to be a pretty clear-cut case where defense lawyers resorted to anti-Americanism to try to avoid deportation) contributed to this year’s rise in British anti-Americanism. This could be worse. Sarbanes-Oxley could end up not just raising the costs of doing business by 130 percent, but detrimental to the Atlantic alliance and the War on Terror. It needs to be repealed, fast.