Enron part III: the Banks

Enron was not a case of a "few bad apples". The whole economic/financial system failed —or rather, the system succeeded in producing money, but no value. What failed or didn't exist were the necessary preventive regulatory/legal safeguards. Everyone involved—the banks, the accountants, the lawyers, the executives—took their cut, and they all have a piece of the blame. For the most part, it was business as usual, and, if the past is any indication, a comparable scandal will come along sometime in the next 5-10 years. On a smaller, less detectable scale, it happens every day.