prosecution and everybody knows it means non-prosecution and the one exception prove the rule arthur andersen was offered a third. deferred prosecution agreement and refused it and went to trial and lost in the trial court you know so there's no more arthur andersen but the looks of the justice department learned from all of that is oh my god we can't actually prosecute anybody large and so they don't actually don't prosecute large corporations anymore reisa proclaim that deferred prosecution agreements are adequate deterrence and that his agents were caught sophisticated and could detect whether a firm was serious about implementing a compliance programme so a lot of words there that are misused all the time like compliance program there is no compliance program and deterrence there are no to turns either other bill black well this is all about moving the deterrence this is all about allowing people to commit the crimes with absolute impunity and this was more than a wink wink nod nod now that your new digs in the city of london and we can go back to a classic comic routine of this is how yo

whether it's the big four as you can only name two because the other two are the same old ones like arthur andersen that has now been renamed what bearing point so they reopened as a new entity the financial services authority was a rename of a former regulator that failed and then this one failed so they just suddenly change the name nobody knows who financial conduct authority is now but it's all about conduct it's not financial criminal racket authority well this is the thing i mean this is where the racket includes the government because the government is supposedly in the business of protecting the public interest the fact that the current government coalition government of cameron and that live dumb clown that nobody can remember his name allow for this to proceed unchecked by any kind of government is again implicating the highest levels of this government the queen's government involved in the whitewash that's causing any terrorism of the financial kind thank you those in the buckingham palace and also causing widespread fraud and social unrest thank you again down there in the park house a

ago but every few years one of them gets embroiled in a major accounting scandal whether it's arthur andersen and enron that blows up those firms and then they become too big to fail they become a monopolist in their own right and there's a huge outcry that maybe at the center of this global financial crisis is not the fund managers it's not the banks it could be the accountants who are submitting these reports on a quarterly basis giving their blessing to the balance sheets of these banks and corporations when they knowingly fraudulently cooking the books we've talked about that many times in the latest edition of the economist as i just mentioned they talk about that going and here's a quote it turns out that occurrence you can thrive even when no one is making laws for it so what are your thoughts on this is it better for a currency to remain completely outside of the current league. system journal it's something that we have to negotiate and something that we have to find out and discover for sure to have a smaller economy it makes that economy weaker in a way but also more integral i thi

arthur andersen made out at the assets of liability statement that went further than any other one.o protect the public interest, we went into this blind trust. i believe in the blind trust because i believe a public official in this kind of job ought not to know whether he's going to benefit directly or indirectly by some holding he might have or something of that nature. i support full disclosure. >> thank you. that is the part of this debate devoted to domestic affairs. we will now turn to foreign affairs. >> it is president bush, since your administration came to power, the president has threatened a stern response against terrorism. yet murderous attacks have continued in london on and the middle east. who is to blame -- in lebanon and the middle east? you have been the director of the central intelligence agency, was committed to stop? terrorism is very, very difficult to stop and i think everybody knows that. we have ambassadors killed in sudan and lebanon some time ago. when you see that is really building in lebanon after the death of our marines, you see that hit by terror