Monday, June 3, 2002

Shell Game

Molly Ivins reminds populists to keep an eye on the shell with the pea under it. [Follow up: Molly, in an article at commondreams.org recommended this interview with Bill Black from the Texas Observer as a way to place the Enron/Arthur Andersen scandal in context with the fraud perpetrated during the S&L scandal. Black was an investigator during the S&L mess and is now a criminologist. He discusses how CEOs and financial industry players find themselves in a situation ripe for fraud and how they justify it. Intriguing reading in support of regulated capitalism.]

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