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How can there be anything other than a conflict of interest when the same group is being paid for an audit and also for advice on tax avoidance?

No one seriously believes that for all the talk of Chinese Walls and other cliches that the corporate accountancy industry is on the side of government and regulatory enforcement. Not even the SEC or the FSA do that job.

In fact no one at all does it, which may possibly have contributed a little here.

But as Frank said - the real underlying problem is class war in the US. The rich have been vicious and ruthless, and the left is only just starting to get organised again after a thirty year break.

This is fundamentally a political problem. It's about a system which includes positive feedback loops which reward and reinforces aggressive class war against the majority by the minority.

The only positive push-back has to come from the left - and it's going to take more than raising money for Obama and a bit of flag waving to create a genuine and effective left wing opposition.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Mar 22nd, 2009 at 07:23:23 PM EST
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