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Enron - The smartest guy in the room Why didnt the investment bankers, the U.S. financial institutions, and Arthur Anderson act as checks and

Enron - " The smartest guy in the room"

Why didnt the investment bankers, the U.S. financial institutions, and Arthur Anderson act as checks and balances to put a stop to unethical practices at Enron? What values took precedence?

How does the moral of the fairytale The Emperors New Clothes apply to the Enron scandal? Who is the emperor? Who represents the boy who declares the emperor has no clothes? In what way are the emperors new clothes analogous to the Enrons black box financials? Why was the Wall Street willing to take it on faith that Enron was making money?

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