The ENRON Scandal Message Board

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Non-Tech : The ENRON Scandal

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To: Mephisto who started this subject	10/7/2002 6:36:16 PM
From: Mephisto	of 5185

SEC, credit agencies lax on fraud, report charges chron.com Oct. 7, 2002, Associated Press The following is an excerpt: WASHINGTON - "The federal market watchdog failed to discover and prevent the massive accounting failure at Enron Corp., as did Wall Street's informal system of policing corporations, a Senate panel said today. The Senate Governmental Affairs Committee, which has investigated the role of the Securities and Exchange Commission and industry watchdogs in the energy-trading company's stunning collapse since early summer, said oversight must be tighter. " chron.com

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