[truth_seeker]

It's the rank-and-file that will suffer, not the Partners. The frat-boyz/girls will fare this just fine, as they always do.

I disagree. When negotiating an engagement, the resumes of the top ranking auditors will be considered, not the low ranking "rank-and-file." If an honest company desires to hire an honest audit firm, it is unlikely to want a former Andersen person in a high ranking role.

The rank-and-file Andersen people should have little trouble signing on with other audit firms. The top people ("partners") may have a much tougher time finding equivalent positions. This is as it should be.

[Buffalo Bob]

Anyone who begins a post with "I disagree" shows a lot a class, which I rarely see on FR anymore. I don't mind anyone disagreeing with my point of view, on the contrary, it sometimes is important to consider other well-though-out ideas or views.

I hope you are right, and the rank-and-file find suitable opportunities. I'm a rank-and-file who just got a job after 8 months of being laid off during this recession and before 9/11.