Man Without Qualities

Monday, June 24, 2002

Clueless In Houston II

The Wall Street Journal today presents a fine editorial on the government's disastrous prosecution of Andersen.

At its end the editorial makes a point which has been often made here:

"So the stage was set for a slam-dunk trial that became a pyrrhic victory. Last January I wrote that prosecutors shouldn't rest with some safe but technical case, that 'to satisfy what's on everyone's mind, they need to see whether they can make the case that top executives set out to steal from their shareholders.' Still waiting.'"

Yes. Aren't we all.

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