He crusaded for new rules and practices governing Wall Street and corporate America--and he's not afraid to tell you that he failed. That bad business and corruption won. The proof is Enron and WorldCom, shattered dreams and a national crisis.
"America's investors have been ripped off as massively as a bank being held up by a guy with a gun," says Levitt. Now, the ex-SEC chief is crusading from the outside. Up next On Point: Arthur Levitt's battle to save you a bundle--and American business itself.
Arthur Levitt, former chairman of the Securities and Exchange Commission and author of "Take On The Street: What Wall Street and Corporate America Don't Want You to Know, What You Can Do To Fight Back"
This program aired on October 18, 2002.