Professor William Black (Texas, criminology) has posted an interesting comment on one of my prior posts, A Case Study in the Ethics of Financial Engineering. An excerpt:
Fourth, like most white-collar criminologists I rarely use the word "evil," because it is so subjective a phrase and generally adds little value to the discussion. I wonder, however, why you were so quick to agree that the senior insiders, including Fastow, who destroyed Enron were NOT "evil." How can any of you know this? And what is your conception of "evil"? You seem to (implicitly) reject the concept that it could be banal. Fastow has confessed to actions that you know from your reading involved scores, probably hundreds, of acts of deceit in order to get even more wealthy. He betrayed everyone he had a duty to protect. He had no need to do so.
I should also add that Mitt Regan (Georgetown) has a great paper on Enron. I will post to it when it's on-line.
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