Stossel says clearly in the article that you're never going to get rid of bad people in business (or crooked politicians for that matter) and that the three things that need to be punished are fraud, theft, and physical assault. I believe that government policy along with financial institutions misrepresenting lender's credentials what securities they were selling (btw, this is also known as fraud) led to the current recession. So, in this context, how exactly does your argument disprove what the article states? I think you just want a utopia where everyone is moral and that is never going to happen. Stossel's point is that the profit motive regulates business better than the government can. Not that there will never be another scam.