More Reform and Less Hot Air

When it comes to cracking down on corporate crime, retribution seems to be the order of the day in Washington. Not long after Treasury Secretary Paul O'Neill spoke of hanging wayward CEOs from the highest tree, President Bush announced the formation of a "financial-crimes SWAT team." Unfortunately, the proposals most likely to pass into law have more bark than bite. Here's a look at some solutions that are more than just tough talk.


President Bush last week called for doubling the maximum prison term for mail and wire fraud to 10 years. But the problem isn't the...

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