After six of the worst years that an American Corporate CEO had ever experienced, on 5 July 2006, Kenneth Lay died of a heart attack. After defrauding thousands of investors, including those employed by his own corporation, he doesn’t rank as a man that anyone will miss. He now lies dead, and his company may now be forever remembered as a laughing-stock of business ethics. However, given the recent behavior of the executive directors of Fannie Mae, I can’t help but thinking that Ken Lay’s poltergeist has to laugh at the hypocrisy as Washington’s progressives seek to get as far...