Yet another example of unfolding weak American 'checks and balances' system debacle.
ENRON, etc., had been grossly underregulated (the Casanova hand at play), was not meant to be bent to fit honest services anyway.
What a gigantic waste of effort, on top of a fiasco.
On a loosely related topic, all this 'to do' about 'prosecuting' BP recently, when our own police power regulatory systems had failed so miserably.
Why consider prosecuting someone criminally whom you have long been on notice and have failed miserably to regulate civilly?
It is the heighth of political hypocrisy, and failure to attend to reforms in the system.
Once again, politically playing to the crowds, while hiding the ball, to the extent possible, on actual reasons for failure.
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