The Bush Administration had made it fairly clear to the Justice Department in recent weeks that it did not want to see another accounting firm melt-down on the scale of Arthur Andersen. Hence it comes as now surprise that despite its recent issues, KPMG has managed to strike a deal with regulators.

New regular stop for The Daily Caveat, Houston's Clear Thinkers, has the details. Check'em out.

-- MDT

Labels: Department of Justice, KPMG