We reexamine the physics of five-dimensional black holes, constructed from
D5- and D1-branes and momentum modes in type IIB string theory compactified
on K3. Since these black holes incorporate D5-branes wrapped on K3, an enh
ancon locus appears in the spacetime geometry. With a "small" number of D1-
branes, the entropy of a black hole is maximized by including precisely hal
f as many D5-branes as there are D1-branes in the black hole. Any attempts
to introduce more D5-branes, and so reduce the entropy, are thwarted by the
appearance of the enhancon locus above the horizon, which then prevents th
eir approach. The enhancon mechanism thereby acts to uphold the second law
of thermodynamics. This result generalizes: For each type of bound state ob
ject which can be made of both types of brane, we show that a new type of e
nhancon exists at successively smaller radii in the geometry, again acting
to prevent any reduction of the entropy just when needed. We briefly explor
e the appearance of the enhancon locus in the black hole interior.