All the President’s Enrons is a great rant by Frank Rich in the New York Times, decrying the Bush administration’s do-nothing policy toward the corporate cheats and scumbags that are beating the economy to death. I honestly don’t see how anyone can trust a corporate financial statement these days, and we’ve known for as long as I can remember that the so-called “analysis” provided by investment banks has the veracity of an infomercial. I think that in the end, the big lie will turn out to be that all of these scandals are the product of a few bad apples. I really believe that the patterns of corruption and fraud that we’re seeing from the likes of Enron, Worldcom, Reliant Energy, and others will turn out to have been pervasive. Why wouldn’t every other big company that needed to hide a few billion in expenses or create some faux revenue not use these tactics? Everybody was getting away with it, and judging from the level of enforcement from the Bush administration, they still are.