Dear John Hall

John Hall johnhall@evergo.net
Tue, 22 Jan 2002 12:52:29 -0800


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I thought the article below was rather good.=C2=A0 I think there has =
been at least one other on this general theme in Slate.
=20
I don=E2=80=99t think you need a special reason to believe people will =
stick their hand in the cookie jar if they think they can get away with =
it.
=20
Whether you can design a better system for preventing such abuses =
without causing more damage than you are trying to fix is the =
problem.=C2=A0 Arthur Anderson may not wind up surviving, and that will =
be an interesting ethics lesson for the other accounting firms.=C2=A0 =
The high level executives at Enron will be fighting lawsuits and =
criminal probes, if not looking at actual jail time, for the rest of =
their lives.=C2=A0 That, too, might have some effect.
=20
The SEC is one New Deal initiative that I have far less problems with =
than most others.=C2=A0 Yes, they have their problems.=C2=A0 Some of =
those in the past have been severe.=C2=A0 But the basic thrust seems =
necessary.=C2=A0 Perhaps it could have been done by private initiative, =
but I=E2=80=99m not fully certain of that.=20

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<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
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FAMILY=3DSANSSERIF><span =
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;
font-family:Arial'>I thought the article below was rather good.<span
style=3D"mso-spacerun: yes">=C2=A0 </span>I think there has been at =
least one other on
this general theme in Slate.<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><!=
[if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>I =
don=E2=80=99t
think you need a special reason to believe people will stick their hand =
in the
cookie jar if they think they can get away with =
it.<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><!=
[if =
!supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Wh=
ether
you can design a better system for preventing such abuses without =
causing more
damage than you are trying to fix is the problem.<span =
style=3D"mso-spacerun:
yes">=C2=A0 </span>Arthur Anderson may not wind up surviving, and that =
will be an
interesting ethics lesson for the other accounting firms.<span
style=3D"mso-spacerun: yes">=C2=A0 </span>The high level executives at =
Enron will be
fighting lawsuits and criminal probes, if not looking at actual jail =
time, for
the rest of their lives.<span style=3D"mso-spacerun: yes">=C2=A0 =
</span>That, too,
might have some effect.<o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle17><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><!=
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<p class=3DMsoNormal><font size=3D3 color=3Dnavy face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt;color:navy;background:white'>The SEC is one =
New Deal
initiative that I have far less problems with than most others.<span
style=3D"mso-spacerun: yes">=C2=A0 </span>Yes, they have their =
problems.<span
style=3D"mso-spacerun: yes">=C2=A0 </span>Some of those in the past have =
been severe.<span
style=3D"mso-spacerun: yes">=C2=A0 </span>But the basic thrust seems =
necessary.<span
style=3D"mso-spacerun: yes">=C2=A0 </span>Perhaps it could have been =
done by private
initiative, but I=E2=80=99m not fully certain of =
that.</span></font><font color=3Dblack><span
style=3D'color:black;background:white'> </span></font><font =
color=3Dblack><span
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
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