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Echoes of Enron in banks' balance sheets

By Mark Obbie

Floyd Norris shows why he's one of the most respected business writers around -- and lives up to a journalist's highest calling, to demand government accountability -- in his "High & Low Finance" column today. Considering the nature of his topic -- accounting rules on writing off bad bank investments -- Norris' writing is a model of plainspoken clarity. Why is this a LawBeat item? Norris is asking whether post-Enron legislation and rules protect investors adequately. The short answer: Nope. He only scratches the surface of that massive topic, but the way he does it, and the fact that he does it, reminds us that covering the law shouldn't end when Congress and rulemakers announce the birth of a cure-all policy.

Full post as published by Lawbeat on February 29, 2008 (boomark / email).