He earned a bachelor of arts degree in history from the State University of New York at Buffalo, a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington, D.

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"Clearly we saw with Sarbanes-Oxley, if you make it too onerous for people to come and access your markets, they can go elsewhere, " says Gordon Bodnar, a professor of international finance at Johns Hopkins University's School of Advanced International Studies in Washington.

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