so they destroyed arthur anderson. >> how did they destroy arthur anderson?indicted it. >> financial advisers to enron?i >> auditors and financial advisers to enron. >> they manufactured crime by combining two different statutes? >> exactly. >> and at that time how many people worked for arthur anderson? >> 85,000 people. >> 85,000 people and weissmann was the lead investigator. >> lead prosecutor on that case. >> he reported in part, the director of the fbi at the time mueller. >> yes. >> okay. what did they do? >> well, they knew they were going to destroy the company when they indicted it because anderson represented 2500 publicly traded companies and no auditor who represents publicly trtraded companies can functions an auditor when they are indicted, so they steal -- seal the indictment. >> wait, seal indictment, absolute disasters for auditors, financial advisers? >> yes. they worked behind the scenes during that week to avoid upheaval in the markets so when athey announced indictments and unseal it the markets are not as disruptive as they would have b

so they targeted arthur anderson to begin with. mark: they investigate enron and they targeted arthur anderson? for what quick. >> destroying evidence is what they called it. but they did it by making up a crime of combining two separate statutes to make a crime of something that wasn't. they destroyed arthur anderson they knew they would destroy it by indicting it. mark: because they are the financial advisors to enron. >> exactly auditors and financial backers. mark: a manufactured crime by two different statutes were combined. >> exactly. mark: how may people worked for arthur anderson? . >> 85000. mark: and wiseman was the lead investigator. >> he was the lead prosecutor. >> reported in part the director of the fbi at the time reporting under mueller. >> yes. they knew they would destroy the company when they indicted it because anderson represented 2500 publicly traded companies and no auditor can function as an auditor when they are indicted. 's so they sealed the indictment for one week. mark: they seal it for one week? that

i understand finance is essential to an economy like arthur anderson all the benefits but also have a new appreciation having written this book how it's the privilege, a privilege to do this. but in dodd-frank, you hear how much red tape there is. let's just -- the legislation that congress enacted, senator dodd and representative frank in response to the meltdown, okay, they put a lot in there. they put a lot into because typically congress will not pass financial service legislation unless their study of what i call dead bodies. that crisis was so bad that they really were stepping over dead bodies so they really did a lot of things they should the much earlier like regulate the over-the-counter derivatives market. all they did in regulating those with put those on. they should dent a long time. it was ridiculous. under the banner of deregulation. you always hear alan greenspan was safe regulations for regulation site isn't good. whoever said let's just go have regulations for regulations of steak? but that a bunch of rules. nobody did. can both be stupid? of course they can't but t