DEATH of Aurther ANDERSEN

CNN | March 13th | LOU DOBBS

[Roger_W_Isom]

LOU DOBBS is reporing that ERNEST YOUNG one of the TOP FIVE ACCOUNTING FIRMS HAS REFUSED TO ACQUIRE AA!!!!! This is NOT good NEWS!!!! if YOUNG refuses to accept AA offer to sell itself to YOUNG that means only one thing FOLKS!!!!

AA is in FAR more seious shape then we realize and we could be looking at the other accountting firms REFUSING TO ACQUIRE AA as early as Mid April!!!!

[KC Burke]

Sure, firms come and go all the time. 90,000 people changing jobs in one industry is just a little hiccup.....

....oh, pay checks are nice to have but the Nanny state can provide...

[mad_as_he$$]

I am with you! Still short and smiling....

[Roger_W_Isom]

One thing a found interesting on Dobbs report is that the lawyer that said it would be alright to destroy "CERTAINS DOCUMENTS" APPEARS now to be a patsy and that she was covering up for some HIGHER UPS... who THESE are is YET TO BE DETERMINED.....

[beckett]

I lay this at the feet of the Democrats in Congress and their acolytes in the media.

AA may have engaged in practices that wrongfully overlooked a conflict of interest, e.g., consulting and auditing for the same firm, and it may have tweaked accounting rules, or even destroyed evidence, a clearly illegal act for which the individuals involved deserve punishment if found guilty, but those failures need not have taken down the entire corporation and thrown a whole bunch of people out of work. For that to happen, attack dog journalists acting at the behest of the Democratic Party had to hype the whole thing way out of proportion in an attempt to smear the White House. What's a few thousand people out of work when Daschle needs a few lame sound bites for the Six O'Clock News?

Pathetic.

[Thud]

I like the idea of a corporate death penalty. It will encourage the others.

[Roger_W_Isom]

The dems must be having collective HEART ATTACKS right about now I BELIEVE!!! :-)))))

[Almondjoy]

Yes... they are talking about the death of AA and the people employed there.. essentiallly alot of people will be losing jobs.. even the accounts move over to other companies you will still see people falling through the cracks. It's an unfortuante fallout because of Enron and the like's that effects the little man. On a good note, looks like upper AA guys are going to be going to jail for a while.

[Shermy]

The talented middle level people whom probably did the real work will start their own firms, or join others. I see no airline "bailout" by the taxpayers in the pipes. But ya never know...

[Roger_W_Isom]

OOPS!!! SORRY!!! My mistake!!!!

[SauronOfMordor]

Raise your hand if you think the market/economy hasnt bottomed yet.....(Raising my hand)

I have a relative working for KPMG who just got laid off last week -- along with 15% of KPMG

[VA Advogado]

Maybe simply the asking price is too high?

[neutrino]

Good! I'm serious, I hope AA goes down in flames. May their employees suffer. I hate that firm.

A certain thugette at that firm mistreated and abused a 72 year old woman two years ago - and I will despise that firm so long as I live. Yes, I told the mangy little female canine what I thought of her behavior - publicly, in front of three partners - and reduced her to tears. It wasn't nearly enough.

Darkness take them. May their every hope and dream be blighted, may every affection be returned with toad cold indifference, and may whosoever they trust betray them. Further, may every person and thing they care about be taken from them, and that in such a way that the loss is the least of the pain. Now and forever. Unto eternity.

Yes, I really feal that way. Yes, I mean it.

[cactmh]

check your spelling...Deloitte.

[KC Burke]

On a good note, looks like upper AA guys are going to be going to jail for a while.

For instance who? I can only think of the one guy in Texas that has been accused of a crime.

[Roger_W_Isom]

I have to agree with you there!!!!!.. the dems ALLOWED this to occur with their support of SHODDY accounting practices!!!!!

[PRND21]

Why Citigroup?

[abner]

Tell us how you really feel. LOL!

[PRND21]

Why Citigroup?

[Roger_W_Isom]

given ENRON I could EASILY see the creation of a CORPORATE DEATH PENALTY in light of current cirmcumstances!!!!

[PRND21]

Why Citigroup?