Also, companies fail. Yes, it sucks, but that’s what happens when you screw your business up. Those failures show that the market is disciplining hostile or inefficient actors.
Finally, lumping 2008 into the same category as Enron is and WorldCom is a mistake. Housing lending standards were compromised at the behest of government programs. Credit was made available to consumers through easy money policies put in place explicitly to inflate a housing bubble. Keynesians and Greenspan knew what was going on the moment they started down that path. I hope the fact that they acted so surprised after the fact will eviscerate their credibility in your eyes.
In short, the primary factors that distorted the housing markets to the point that 2008 happened were government policies.
I don’t deny that it was fraud. I do object to laying that deception at the feet of the a market regulated by TORT and common law.