'Apparently'. It isn't the indictment that causes financial institutions to collapse, it is the exodus of clients. For this 'death blow indictment' theory to

'Apparently'. It isn't the indictment that causes financial institutions to collapse, it is the exodus of clients. For this 'death blow indictment' theory to hold water you'd have to assert that many more people would stop dealing with these firms if indicted than have left them after hearing about these alleged misdeeds for years from the media. Yes, Arthur Andersen collapsed but their charges were a big surprise and hinted at something much bigger.