The Scandals Involving Enron, World Com, Global Crossing and Other

The scandals involving Enron, World Com, Global Crossing and other large firms:

A) Are examples of asymmetric information and have led, at least temporarily, to a less well functioning stock market
B) Is what should have been expected on the part of investors, that is why there is a risk premium
C) Have resulted in a cry for less government regulation of public corporations
D) Demonstrate that the government should be responsible for collecting and distributing financial information on firms