Enron Arthur Andersen.

Enron Arthur Andersen, Global Crossings, Tyco WorldCom. In chiefly of these cases, the courts have nevertheless to determine legal culpability. still public opinion, already convinced that something was terribly amiss, has mercilessly punished the businesses involved.

What went wrong? A Hollywood script would existing us with images of corrupt and rapacious "suits" huddling in conspiratorial whispers to enrich themselves by means of breaking the securities laws, dummying up phony works and hiding their crimes behind fancy accounting. In real life, nevertheless the story is likely to be often more complicated.

Bankers can watch these scandals set forth and think, "This can't happen to