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To: GVTucker who wrote (179000)	8/10/2004 10:35:36 PM
From: The Duke of URL©	Respond to of 186894

The reason that Arthur Andersen felt they could skate on a 16 Billion dollar unreported debt is that they relied on the Ultramares case and a barrage of publicity about how bad lawyers are who sue companies to protect individual rights. Any twit could have won a private suit, which would have set the law, which the accountant's read, and they NEVER would have Enron to happen on their watch. It was Congress, drowned in campaign contributions who appointed an ACCOUNTANT to head the SEC and passed the anti law suit rules which PREVENTED just law suits to procede an emboldened cpas like Arthur Andersen to feel that they could evade the law with out penalty. All So that Citicorp could get paid first. How many more of these incidents went unnoticed and unpunished? Enough to cause the dot com crash? Yea. Must have been those nasty lawyers in congress who told those poor unassuming assholes to hide 16 Billion dollars worth of debt, from the public right? That's where the "P" in cpa used to come from.