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.
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.
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