Duke,
I share your concerns and your cynicism about the corruption of the political process in Washington. Sadly, the fact that a few of us can see what a rip-off is being perpertrated against the American public doesn't mean that the clever manipulator, lobbyists and crooked politicians can't get away with it. They do so blatantly and brazenly. And with impunity, I suspect, until the economy really goes on the rocks. Then, and only then, will the American public see through the smoke-screen. Much of which is caused by the public's delight with seeing the world through rose colored glasses.
On the Enron/Andersen front, I just ran across this news piece. Andersen seems to be getting its just desserts, internationally, if not in a court of law in Houston:
telegraph.co.uk
Andersen's name starts to vanish
By Philip Aldrick (Filed: 03/06/2002)
Andersen's global meltdown is nearly complete, with only nine minor members of the 83-firm network still looking for a partner.
It has been just over two months since the worldwide business jettisoned the US arm, with its Enron-related liabilities, to prevent a client exodus.
Ernst & Young has been the principal beneficiary, taking control of 48 national partnerships including the key French and German firms. The other jewels in the crown were the UK, Italian, Dutch and Spanish firms - all of which have gone to Deloitte & Touche, which has secured 16 firms.
KPMG, with whom Andersen had initially entered global merger talks, has won just five partnerships and PricewaterhouseCoopers only three.
Austria, Morocco and Indonesia are the main Andersen firms yet to announce a tie-up. |
