The Wall Street Journal blames the fall of Enron on Bill Clinton. Well, more specifically, they attempt to blame Enron's sharp practices on "the moral climate" of the Clinton years:
We'd say it's also impossible to understand Enron outside of the moral climate in which it flourished. Those were the roaring '90s, when all of America reveled in the economic boom. They were also the Clinton years, when we learned that "everybody does it." The culture wanted to believe in Enron's promises, which helps explain why 16 of 17 Wall Street analysts rated Enron a "buy" as recently as last October.