Criminal penalties proper for acts of corporate fraud

Most political feeding frenzies in the US Congress are repulsive. The one under way over corporate governance is an exception.The Republican-controlled House of Representatives finally got the message: Corporate executives who defraud investors belong in jail.It is painfully evident that more than an aberrant company or two have tricked shareholders out of money. They thus have betrayed trust central to capitalism. They have participated in what Federal Reserve Chairman Alan Greenspan this week aptly described as "infectious greed."The infection must be stopped. Criminal penalties are essential to the cure.The House went soft in its April legislation on accounting and corporate governance...

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