Four Years After Enron: Assessing the Financial-Market Regulatory Cleanup
By Roy C. Smith
Ingo Walter

This article appeared in the Summer 2006 issue of The Independent Review


Immediately after the Enron bankruptcy, regulators, legislators, and prosecutors enacted a host of measures to punish corporate wrongdoers, stabilize financial markets, and improve corporate governance systems. But their efforts were better suited for ameliorating public outrage than for preventing fraud by the relatively few corporations that commit it.

Other Independent Review articles by Roy C. Smith
    Summer 2013   The Agony of the Euro
    Summer 2011   The Dilemma of Bailouts
    Summer 2007   Enterprise Capital in Emerging Markets

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