National Review's Larry Kudlow addresses the Enron failure -- and he's got it exactly right. This isn't about politics or campaign-finance reform -- it's about the law. The Enron and Arthur Andersen folks are crooks. Big-time crooks, but crooks nonetheless.
Jail 'em. All the Enron and Arthur Andersen principals, and then some. Why? To save our system of corporate governance, which used to be the best in the world. To save investor confidence. Maybe even to save our entire free-market system of capitalism.
Now, I'm a pro-business guy. I can't stand it when the Tom Daschles or Ted Kennedys of the world start bashing business or rich people. Business is the center of the American economy. You can't have jobs without healthy businesses. And business is what we do best in this country -- better than any other nation on the planet.
But the characters at Enron and Arthur Andersen are wrecking the very foundation of American business. Their shenanigans, chicanery, fraud, insider dealing, self-serving excuses, and hubris are undermining everything this free and democratic nation stands for.
You can read the rest of the article here.