It is a mistake for Congress view to the Enron collapse as a justification for more government regulation. Publicly held corporations already comply with massive amounts of SEC regulations, including the filing of quarterly reports that disclose minute details of assets and liabilities. If these disclosure rules failed to protect Enron investors, will more red tape really solve anything? The more we look to the government to protect us from investment mistakes, the less competition there is for truly independent evaluations of investment risk.
~ Congressman Ron Paul, "Enron, Bankruptcy, and Easy Credit," December 17, 2002