Roy C. Smith

Four Years After Enron Assessing the Financial-Market Regulatory Cleanup 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…

The Dilemma of Bailouts Ever because the bailout of Continental Illinois Financial institution in 1984, financial institution bailouts have been an unpopular system invoked to guard the monetary system from dangers posed by troubled banks deemed “too massive to fail.”…