Saturday, March 16, 2002

Yeah, so maybe some officers and employees of Andersen shredded some documents. Maybe they did engage in some criminal activity. But to indict the entire company? Did congress indict the entire Marine Corps after Ollie North lied to them and authorized document shredding? Was anyone indicted after Hillary Clinton ordered the shredding of Vince Foster's documents in the Rose Law Firm, and of Health Care Task Force documents that were the target of a court probe? If obstuction of justice is the issue, was the FBI indicted after the Branch Davidian's door "disappeared?" It's pretty clear that the Justice Department is applying a different standard to private organizations than the one they have applied to govenmental organizations.

The market, all by itself, has already punished all of Andersen Accounting. There is already an incentive for officers of private organizations to be their "brother's keepers." Why add criminal prosecution of people who were't connected to the shredding? Particularly when government officials in similar circumstances face neither market retaliation nor criminal charges?

Because they can, that's why.

No comments: