How did they get Phil Gramm on board? Wasn't he chairman of the Senate Banking Committee?
Don't forget the 'Rats passing the law which tossed out long standing accounting company requirements, and in effect permitted the same accounting firms to both do the books and "consult" on corporate business practices. In effect, this permitted Anderson and others to (wink) "advise" their companies how to best cook their books.
Clinton was well paid for that law, and we see the results today.