0tt0attack

0tt0attack t1_iy1artm wrote

Ya, these companies do 10s of thousands of audits. Not to mention have individual partners that make decisions. Just cuz 2 dozen of audits are defective that does not mean the industry is a “joke.” Ask anyone in the financial, banking or even government, what will happen if these services are stopped. Absolute chaos.

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0tt0attack t1_iy19b3b wrote

Without Deloitte and PwC the US government would not be able to function. Accounting services are necessary for corporations to function. Without them, corporations performance is immeasurable and the entire financial system would collapse. Very significant number of corporations and governments rely on these companies to manage accounting and operations.

Just cuz you do not understand what they do, that does not mean it is money laundering. And who does money laundering in a business where all its revenue comes from large contracts and 90% of their expenses is salary. That is the dumbest money laundering concept ever.

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0tt0attack t1_iu8udam wrote

There are way more factors than the FED monetary policy. If it was that simple we would never inflation or a crash. To be fair, the government has been pretty successful from preventing major economic swings since 2009. So yes, it seems that we are learning. However, there are no guarantees that we may not have a major crash or down turn.

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