"The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron was attributed as the biggest audit failure."

The mess we are in now is a direct result of trust gone bad, where by comparison should be a huge concern of the general public, fore what ratings agencies allowed to happen effects all of society, top to bottom...yet they are not being scrutinized for their miss deeds.

Miss deeds within the realm of corporate entities is highly atrocious and containable, however, allowing what happened by ratings agencies with regard to trillions worth of securities to be sold to the investing pubic.....is unimaginable, and uncontainable as it cascades down.

The focus of that problem is to now hammer on the government in general and its sizable over growth....highlighting it as misdeeds. IMO, though out of control and has been for a long time now, what the government bloated to is not as blatant a consideration with regard to the meaning and concept of trust, or creditability.

Through strategic and agreed legislation of both leadership parties, they contributed to the final resulting effects that the ratings agencies allowed to pass through unidentified to the public.

IMO, there is no fix for any of it.....

doni