arthur anderson and their client clients were cleaned by the hundreds and thousands were leaving longbefore the justice department indicted them, and the justice department indicted that because they were shredding paper, tons of paper for weeks until the fcc knocked on the door and said please we would like to see some evidence. so they were indicted and they were convicted, and they went up to the court of appeals and the conviction was upheld but in the supreme court after the fact said all we don't like some wording in the charge to the jury, so we reversed the conviction. by then the company was long gone. it isn't true to say that arthur anderson went out of business only because it was criminally in diet, it was it would out a business because nobody wanted to do have anything to do with it it had such a bad reputation. >> couldn't resent arthur anderson makes me vomit in the mouth. >> hello i was wondering in respect to the allegations is their role between the justice department when they take place whether to prosecute, what are the interactions? >> they only referred histor

second, concerns about what happened after arthur anderson. it put a chill in a lot of the investigations about the proper way to do it and instead, folks rely more on large fines. essentially, do not admit. people say they did not do anything wrong but will cut a check. we see that in a lot of fields, it is not just finance. that said, there has been investigations, fines, and reworking of the financial system. it is unfair and unfortunate that a lot of people got away with murder during this crisis, and over-criminalization of oferty and criminalization everyday life has expanded in the past couple of decades. i think we also want to think forward about how do we balance these needs. honestly, i am disturbed by it and i think it is very unfortunate and frustrating. guest: let me say, i share that frustration. i think there are some nuances of why it might see it slightly different, but i largely see at the same. i do not think people have been held to account and i do not think regulators who repeatedly bailed, i do not think anybody has bee