As a bankruptcy lawyer, I'm supposed to have a take on the big news event today, World Com's double toothpicks filing in New York. Unfortunately, unless that company happens to be leasing space at Fallbrook or Baldwin Hills, it is unlikely I will be able to wet my beak in this week's largest-ever bankruptcy. A good place to figure out why all this came down, and how it could have been avoided, can be gleamed here. By the way, when all is said and done I have a feeling that most of these new economy accounting scams are going to arise out of companies headquartered either in Texas or the Deep South.