[Toddsterpatriot]

It was the Commodities Futures Modernization Act, which exempted new commodities exchanges from regulation.

How do you imagine this allowed Enron to cook their books? Please walk thru the steps.

What would Glass-Steagall have prevented them from doing, if it remained in effect?

[dirtboy]

The CFMA exempted an energy commodities exchange from regulation that Enron used. The lack of regulation was part of Enron cooking the books.

Also, I have no idea why you keep bringing up Glass Steagal, since I never mentioned it and I already said it was not the issue with Enron.