HealthSouth stock and bond-holders charge in an amended lawsuit that the company's bankers and auditors knew there was accounting fraud long before investigators uncovered it.
The bankers? UBS Warbug. Auditors? Ernst & Young.
So? So every time there's a Wall Street scandal we are told by business apologists and the unthinking press that it's a matter of individual morality. Yeah, there's a greedy rotten apple in the barrel.
Hogwash.
The barrel - read, system - is rotten.
To put it another way, we go through political periods where the climate encourages the free market - rife with white collar thievery - and periods where we strengthen oversight and regulation.
So - duh!- the number of business bimbo eruptions goes up or down depending on the rules governing the system.
It isn't about morality.