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And they were so wrong. My philosophy as a baseball operator could not be more simple. It is to create the greatest enjoyment for the greatest number of people. Not by detracting from the ball game but by adding a few moments of fairly simple pleasure. My intention was always to draw people to the park and make baseball fans out of them.
Veeck--as in Wreck
Bill Veeck, Ed Linn
When epidemics of accounting control fraud are not checked by regulators there are two likely results of the recipe. The recipe is the best means possible to hyperinflate a bubble. When a bubble hyperinflates, fraudulent lenders can greatly extend the life of their frauds and the bubble by refinancing their bad loans. The saying in the trade is that “a rolling loan gathers no loss.” But there is a second finding that arises from control fraud theory that represents an even graver reputation of relying on “private market discipline.” The fraud recipe for a purchaser of bad loans is identical to the recipe for the issuer/seller of bad loans, except that the second “ingredient” changes from “making” to “buying.” When the “secondary market” purchaser of the bad loans is itself engaged in accounting control fraud its controlling officers find it essential that the fraudulent purchaser not exercise effective market discipline against the fraudulent seller, for doing so would kill the fraud scheme. The result is the financial version of “don’t ask; don’t tell” in which everyone involved pretends that the terrible loans are wonderful.
The Best Way to Rob a Bank Is to Own One
William K. Black
Please don’t misunderstand me. These medications can be lifesaving tools and I’m grateful to have them in clinical practice. But there is a cost to medicating away every type of human suffering, and as we shall see, there is an alternative path that might work better: embracing pain.
Dopamine Nation
Anna Lembke
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