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There's not going to be any significant (like, existentially damaging) legal or financial punishment. I wouldn't be a 100% about that. Things like this have a
by hga 12y ago
There's not going to be any significant (like, existentially damaging) legal or financial punishment.
I wouldn't be a 100% about that. Things like this have a way of trundling along until a big enough atrocity happens, and then the system will react, often overreact. Arthur Andersen is a good and recent example of the latter, verdict reversed unanimously on appeal to the Supremes, but the company was long dead by then. And it had been one of the "Big Five" accounting firms.
Which is not to say I'm not also following a policy of punishing them in the market.