The butt of Bush’s joke

We won’t pass judgment on the appropriateness of the remark. But the fact that he chose to draw a parallel between the two was perhaps the most indicative statement so far of just how the Enron affair is being viewed.

Of course there were political concerns too – when there is oil involved these are never far away. But for Andersen to become the story, and not Enron (lest we forget the company that actually collapsed as a result of the off-balance sheet vehicles it set up) means that the profession can expect to be cast in an unfavourable light for some time yet.

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