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President Bush is to unveil proposals today for assuring that we never , ever suffer any more Enrons , Tycos or WorldComs - - and that any major corporate executives who are caught fudging the figures will suffer substantial penalties . There is no denying that the way the Power Purchase Agreement stands today , the Maharashtra State Electricity Board cannot buy Enron power without going further into the red and thus jeopardizing its entire operations . After all , while Enron was riding high on Wall Street , national media coverage was generally favorable as the company gorged itself on electricity privatization — heralded as " reform " and boosted by political influence-leasing from California to India . Prosecutors and regulators used the political opening created by the Enron collapse to hunt for malfeasance far and wide , but the news is how little they found . It 's the same reason Enrons are so easy to develop - - many of the people ostensibly " running " a business do n't know jack about it . Another purpose will be to improve corporate governance , thereby reinforcing the accounting changes recently enacted and helping prevent future Enrons . Even before the collapse of Enron many States were reconsidering restructuring . Let me close by saying , since members of the subcommittee have raised the Enron collapse , I am deeply concerned about the Enron collapse .