Court case lays bare KPMG's crimes: poaching employees from its own regulators and making them steal government secrets

[anon50609448]

@doctorow

If anything, the Big Four accounting firms’ audit reports are even more fundamental to the economy, and we’ve known for years that they can’t be trusted. And yet we keep on relying on them, because the sector is so concentrated that they’re the only game in town – as though NOAA kept on buying thermometers that they knew didn’t work because no one else was manufacturing thermometers.

This is the part that drives me nuts. We hire a painter to paint our house, they get the key and clean us out and then we hire the same painter next time. “Well, what else are we going to do?” is the rationale.

1. Paint the house yourself
2. Don’t paint the house

Both, not matter how bad, are better options.