Before Enron, I think people were a bit more naive about the way things worked, and I think Enron pulled the curtain back on unsavoury practices that turned out to be a lot more widespread.
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Kisah terburuk yang pernah saya tulis adalah setelah keyakinan Jeff Skilling dan Ken Lay. Rekan penulis saya dan saya menulis artikel untuk 'Fortune' yang mengatakan semuanya akan berbeda sekarang.
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Fixing Fannie Mae and Freddie Mac in isolation, without looking at the big picture, would be short-sighted.
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Choices of right or wrong are not presented to you in black and white. If they were, I'm sure most people would choose white.
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Bank-bank besar memberi tahu kota-kota tentang apakah privatisasi adalah pilihan yang bijaksana. Mereka juga mengontrol kemampuan negara bagian dan kota untuk mengakses pasar untuk kebutuhan pembiayaan mereka.
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What's good for the financial industry probably isn't good for you.
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Privatization of assets that most of us consider public goods - like airports and highways - has a long, often-uncontroversial history.
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I'm not a big believer in the power of more regulation to fix things. I think it can almost be more dangerous because it provides the illusion that things have been fixed without the substance.
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The big banks advise cities about whether privatization is a wise choice. They also control the ability of states and cities to access the market for their financing needs.
