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It is more accurate to characterize corporate governance as being about promises than as being about contracts.
Sometime during the week-end of March 14-15, the U.S. Federal Reserve decided the government of the United States could not permit the investment bank Bear Stearns to fail...
Regulation follows crisis as surely as mushrooms follow the rain. The collapse of Enron led to passage of Sarbanes-Oxley and to sweeping new powers for the Securities and Exchange Commission...