The scenarios are basically the same. Andersen as we know it is dead whether there is an acquittal or they are found guilty.

Edwards wanted to follow Wadia and has been on the fast track for quite a while.

Salvatore's extremely capable. I'm surprised he didn't get the job permanently.

We are reaching a low point in the history of the profession. And as we eventually emerge from this it will be with a better profession, and a better financial market.

Any of the four would be willing to do [a merger] if they were shielded from liability.

Andersen appears to be doing everything it can to turn this around but nothing is stopping the train from roaring down the track.