me all right francine mccann to big for audit firms are morphing into the big four consulting firms tell us about why this is happening and if it matters. well it's happening in spite of the fact that sarbanes oxley was supposed to stop all that if you remember when sarbanes oxley was put in at force in two thousand and two after the enron failure and arthur andersen's involvement in and run failure they said never again will you have an audit firm that was conflicted that was doing to manage work for their clients such that they lost sight of their responsibility for out it but in the tank plus years that we've had since then nobody's enforcing those rules nobody isn't forcing those restrictions and so the firms have gone all right back to where they started and actually probably even better delight never stops the other three firms had to rebuild after selling or consulting firms and waiting for their known competes to to expire yeah we mentioned this in the first half of the show citing the example of enron and arthur andersen so here you had an accounting firm that was wrapped u

right francine mckenna the big four audit firms are morphing into the big four consulting firms tell us about why this is happening and if it matters. well it's happening in spite of the fact that sarbanes oxley was supposed to stop all that if you remember when sarbanes oxley was put in at force in two thousand and two after the enron failure and arthur andersen's involvement in and run failure they said never again will you have an audit firm that was conflicted that was doing to manage work for their clients such that they lost sight of their responsibility for out it but in the tank plus years that we've had since then nobody's enforcing those rules nobody isn't forcing those restrictions and so the firms have gone all right back to where they started and actually probably even better delight never stopped the other three firms had to rebuild after selling their consulting firms and waiting for their known competes to to expire yeah we mentioned this in the first half of the show citing the example of enron and arthur andersen so here you had an accounting firm that was wrapped u

francine: hey, guys. anything interesting in the papers?uffy. it might be printed in that rag-- the frensky star. hey, i just tell it like it is! can i sit here? all: no comment. oh, this is ridiculous! how long will i get the silent treatment? all: no comment. but it isn't fair! i didn't make up those stories. i just reported them. what do you want me to do? you could print an article saying those photos were out of context. mmm... i don't think so. that's not a very good story. huh! i can't eat here with the tabloids hounding me like this. arthur, brain, care to join me? ( sighs ) ratburn: you left out all the commas. a journalist should at least try to use proper grammar. ( sighs ) ( francine banging drums and singing off-key ) ( gasps ) what? who...? ( laughing ) ( laughing ) ( laughing ) ( laughing ) this is the lowest of the low! this isn't news! it's just revenge! ( laughs ) we didn't do anything, francine! honest. yeah, but we wish we did! aha! i knew it was you all along, buster. you were jealous of the praise i got from harry and

every single day in the city of london they call prosecution but it's just fraud now finally francine what's the latest on all the dodgy accounting at j.p. morgan's london the well and now its eleven billion dollar mortgage backed securities fraud charges. that settlement with the f.c.c. talk about a farce they wanted so much to patrol that as a sarbanes oxley when and they didn't use any sarbanes oxley legislation in order to go after either the executives individually the audit firm or anybody else that was involved again j.p. morgan paid a fine like they'll do in a settlement that they're talking about now it may seem like a big number to us but it's just a cost of doing business and i'll keep going on. it seems to me that of all the frauds that the rating agency is the banks the fund managers the hedge funds the glue that keeps them all together are these big four accounting firms they're really at the nexus of this global fraud wave your thoughts. really they're supposed to be the guardians of the shareholders and capital markets and instead they're played playing both sides and

francine prose is the author of a dozen novels. among them, and take the dreams and household saints. her most recent work was the lives of those nine women and the artists they inspired in addition to a new novel to be published in march titled a changed man, a forthcoming biography on cara baggio. can't wait for that either. michael korda is the writer of both fiction and nonfiction, including another life, a memoir of other people, charmed lives in the immortals is also editor in chief, corporatized president of simon & schuster. his book for the five series is ulysses s. grant, which is available for sale and signing this evening. i can't wait to get out. the series edited by james atlas. mr. atlas was a staff writer for time and assistant editor for "the new york times" book review in "the new york times" magazine as well as contributing editor to the atlantic, "the new yorker" and "vanity fair." mr. atlas is the founder of atlas books and the author of several biographies, including summer shorts, the life of an american poet

call us when it happens, francine. oh, it could be before you get home. a week past my due date as it is. what can i do for you? "the time we delivered a baby." we were the only ones there, and she was so close, the sound of a pin dropping could induce labor. okay! what looks good? what looks good? what looks good? (utensils clatter) well, um-- (clears throat loudly) "modern family" will be right back. ♪ turn around ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing good for me around ♪ ♪ turn around ♪ every now and then i get a little bit tired ♪ ♪ of craving something that i can't have ♪ ♪ turn around, barbara ♪ forever i've been praying for a snack in my life ♪ ♪ and now i have a brownie ending all of my strife ♪ ♪ i finally found the right snack ♪ ♪ bam! wh-whoa! kids love to destroy things. not manny. he's always been a little bit too serious. i would make the buildings, and he would inspect them. and if they weren't up to code, ay, ay, ay, the paperwork. (laughs) i remember cam, one time, rolled a tractor tire right through a chi

francine from philadelphia, what's your question for dr. may? >> i'm really worried about my husband. he says he's fine, but i know something's wrong with him because he just gets up all night long to go to the bathroom, and when he goes to the bathroom, he's in there forever. he said nothing's wrong because his p.h.-- p.s., whatever you call it, p.s.a.-- is negative, and he just won't talk about it. what should i do? fncine, you've got to talk to him. understand that it's unlikely that he has cancer. that's what the p.s.a. means. but those symptoms are horrible, and they're interfering with his life and yours, and you've got to persuade him that there is something that can be done and he doesn't have to live with those symptoms. >> this is a perfect example of how it not only affects the man but his loved one too. i can't believe how men just think this is gonna go away. francine, if you're still there, you got to pick up the phone and you got to order this for him, put it down, and make him take it, because it's not gonna only help him, it's g

francine: ...will return.e to taste the pico de gallo of a man's heart. (spanish accent): i know too well, hombre. our chips inside us are the same, no? lo mismo. salty. salty with tears. would the señor and señorita like hear about the nacho especiale? cut! you don't have any lines. stop improvising! i need to be heard. i have 20 people coming to see me. i'm crushing hard on one of them. do you know what that's like, mr. rivera-perez? you're a gay, amateur director. you must've crushed hard on someone along the way. daniel? maybe, maybe there was a daniel in your life? yep... don't need anyone else to have a good time. just, uh, going to entertain myself. (grunting) oh, hey, ho-- hey! hi! wh-what are you doing here? we got an e-mail that the sleepover was back on. i didn't send any e-mail. i did. ronnie? that's right. the forgotten fifth member of the sleepover gang. but you moved to scottsdale years ago. how did you...? let's just say someone sent me an e-mail about what went down. i understand you guys got

. >> [indiscernible] let me ask you -- yes, francine? >> you mentioned obamacare in your opening remarks. where should we go now? >> that is fairly clear. with any huge piece of legislation, we should take a very clear look at what is working, what is not working, what needs fixing, what needs timetable change, what needs reconsideration. i have said all along, and bruce has said all along, there is no way you're going to get rid of that bill. i mean, suppose somebody could get the votes to defund it in the house. i do not think you can get those votes in the senate, and sure as hell you could not override a veto. so whether you thought that was a good idea or a bad idea, you probably ought not to spend a lot of time on it. instead, we believe there is lots to be done to make this bill more what it was originally meant to be in set of what what happened when the people that got in to start writing this bill took a good idea and just continued to write and write and write, so we have now got to bring it back to a reality. >> what is the t