[Roger_W_Isom]

The death of AA is going to cause a LOT of LAWSUITS... look for SOME to go after at LEAST JP MORGAN and CITGROUP at least!!!!

[John Jorsett]

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!!!!

This isn't necessarily a bad thing for AA. Instead of fleeing Paul Volker's suggested reforms by selling out to a competitor, they'd have to deal with them.

Considering how the law seems to work, I don't blame other accounting firms for not wanting to take on the potential legal liabilities of AA by acquiring them.

[nicmarlo]

I heard, I think last night or the other night, on Fox that a company has refused to allow Andersen to be their accountants any longer. It was a big name company....I just can't remember the name.

[Grampa Dave]

It is time to break out Registered's classic on AA:

A Picture worth billions of profits/income that was really twinkle dust:

[mtman]

Suprise suprise!!!...AURTHER ANDERSON WILL HAVE A WILLIAM CLINTON LEGACY....Same morals same results....sometimes it takes awhile for the chickens to come home to roost...but eventually they do!...C-Ya AA!!!

[gohabsgo]

Yeh, I feel for the worker bees, they're the ones who always get reamed. As for for lying, self-serving, two-faced turd burglars in the 5% of the company, the low lifes who knew they were risking the reputation of a once-respected company...the same one's who took millions to look the other way, squirrling away millions in off-shore accounts...this is the Arthur Anderson we'll all remember.

[Liberty Ship]

Well,.....bye. -- Curly Bill.

[the]

Posting these until someone laughs!

[Steve Eisenberg]

Even if AA does manage to get acquired, this demonstrates the self-correcting nature of capitalism. Provide bad goods or services, and down you go. There is no need for more government regulation of accounting.

As for the AA workers, they may need to move, but the work they used to do will still have to be done by someone. The rise of fall of companies is characteristic of our system.

[poindexter]

Go easy on the caps, pard. Makes it hard to read.

[brat]

My son said that AA messed up his company's books...it made their stocks plummet temporarily until it got straightened out. He also said that they checked out several others before they found an outfit they were comfortable using, that the problem is widespread! Watchout for the dominoe affect.

[bonesmccoy]

Bones' last orders on AA: DO NOT RESUSCITATE.

[PGalt]

Death penalty to economic terrorists.

[b4its2late]

Somebody will take them. The carrot has to be the right size. And they'll most likely get rid of quite a few employees. AA's fall will be hard because they are so large. It sucks, but the few that took advantage brought the rest of the house down with them.

[HamiltonJay]

My brother an accountant and I had a conversation a few months ago about AA.. I told him point blank, AA is dead! It will no longer exist as an independent company post Enron... he believe it would still stand, because the government would not let one of the big 5 die because of insurance costs, only the big 5 will touch large companies, small audit firms won't go near them due to insurance liabilities.

I told him, they are dead or will be acquired, no other route for them. They engaged in illegal activity and have for years, as have ALL of the big 5... AA just got caught the most so far. Accounting is about reputation, if your reputation is dirt, you will lose clients left and right, (as AA has done) and you will lose good accountants left and right, because they don't want their carreers ruined by association....

Thusfar I am right, unless a bailout shows up... Shoulda made him put his money where his mouth was :)

[Mr. K]

The news here is that AA is going to worth even less as time goes on- so why buy them now?

Look for someone to buy out their assets when their price hits rock bottom.