An amateurish attempt at explaining current events large and small.
Tuesday, January 06, 2009
The Big Four Suck
The Big Four (the big four accounting firms- KPMG, PriceWaterhouseCooper, Ernst and Young, and Deloitte Touche) are getting embroiled in the Madoff scandal. Basically it seems they were incompetent. This doesn't surprise me having worked with (not for) one of the four a decent amount and having some exposure to the other three. I saw an amazing number of fuckups and idiots, but I had always attributed this to being exposed to private firms public sector practices.