Oh, the indignity!

You'll remember last week we discussed Dai Xiaoming, his company's former board-member Assistant Secretary of State James A. Kelly, and his political angel Chen Yuan on the mainland, the Communist Party princeling who now runs the China Development Bank. Right, now it's all coming back to you. Well, you'll also remember that the institution that made the $100 million sweatheart loan to Dai was the People's Bank of China.

Well, now even the People's Bank of China (the Hong Kong unit actually) has dropped Arthur Andersen as their accountant.

Like I said, oh the indignity!