Sam Spade
SamSpade
Atlas Star
Posts: 27,547
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« on: May 09, 2009, 11:11:53 PM » |
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Oh, I agree on Enron being the canary in the coal mine. Of course, there were other canaries down there, specifically LTCM and the tech company jokes, the latter which were doomed to fail from day one. But it's the big one (along with WorldCom too).
Glass-Steagall is interesting. Though the games, including the games at Enron, were occurring before this, Glass-Steagall allowed these games to expand exponentially.
Of course, we want to keep the games going today - cap and trade was a classic Enron idea.
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