In a NASCAR 'stock' car race, there is a moment, before the car hits the wall, before it goes caroming off three other cars, gets airborne and flips end over end in the infield, there is a moment, when the tires get loose and begin the chain of events. I think in some ways, those events, Enron, WorldTel and others, was just that moment. The stuff that was supposed to hold the car on the track - regulation and oversight - no longer worked, and the wreck became almost a foregone conclusion.