> We dismantled Arthur Anderson for their complacency in the Enron criminial enterprise. Why not banks?
And that was a terrible outcome. A huge, $10 billion a year corporation came crashing down, with tons of people losing their jobs, all because of the conduct of one team within the company that the rest of the enterprise had no knowledge of or control over. For a conviction that was overturned on appeal!
If dismantling the organization isn't an option, and punishing individuals isn't an option due to corporate liability limitations, where does that leave us?
And that was a terrible outcome. A huge, $10 billion a year corporation came crashing down, with tons of people losing their jobs, all because of the conduct of one team within the company that the rest of the enterprise had no knowledge of or control over. For a conviction that was overturned on appeal!