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Old 06-20-2006, 12:18 PM   #30
Happy Monkey
I think this line's mostly filler.
 
Join Date: Jan 2003
Location: DC
Posts: 13,575
Absence of ethics only lost the Enron guys their fortune because some of their unethical behavior was also illegal, and after such a disasterous collapse that illegal behavior couldn't be swept under the rug. What they did was unethical, but if it hadn't also been legislated against (and public enough to cause enough political pressure to overcome Kenny Boy's connections), they'd be sitting pretty on huge piles of looted cash.

The purpose of regulation is to raise the costs of unethical behavior, to help the ethical route remain the most profitable one.
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