The Washington Post editorializes that "there is a danger in" the convictions of former Enron executives Kenneth Lay and Jeffrey Skilling.(The Week)(Brief article)

* The Washington Post editorializes that "there is a danger in" the convictions of former Enron executives Kenneth Lay and Jeffrey Skilling. Impressionable people might be led to believe that the corporate-accounting scandals were the work of a "few bad apples," and that "putting those apples in jail" is a sufficient solution. The problems were more systemic than that, the Post argues, noting that 250 companies had to restate their earnings in 2002. The Sarbanes-Oxley law was therefore necessary. The difficulty with this argument is that the market, and prosecutors, were on the case before new regulations were enacted. The existing ...