REFORM: SLlP SLIDIN' AWAY?

摘要

This is it―the high tide of financial reform. It should be payback time for shareholders who have lost trillions of dollars partly because of greedy executives, crony accountants, conflicted research analysts, and duplicitous investment bankers. It is the moment when legislators and regulators should be restoring confidence in Corporate America by punishing the crooked and building bulletproof systems to prevent the same thing from happening again. So why does it feel as if the moment is slipping away? After almost a year of crusading against corrupt corporate practices, regulators are throwing together oversight boards to cure the ills that ailed corporate ethics during the heady bull market of the 1990s. But the boards' effectiveness looks highly questionable even before they start.