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The control frauds did not create this optimal environment for fraud. They exploited the criminogenic environment and led the campaign to maintain and even improve it. The control frauds, of course, did not announce that they were entering the industry to loot it, and since the essence of control fraud is the vast inflating of income, they appeared to be the most profitable S&Ls in America. As a result, Pratt never identified and put out of business a control fraud and never identified the wave of control frauds entering the industry. He praised them as entrepreneurs. Pratt disdained traditional S&L CEOs and considered them the problem. The control frauds had dug in for two years before Gray began to fight back.

The Best Way to Rob a Bank Is to Own One

William K. Black

Life is short, you should spend your time working with the good people, and if you do get screwed, look at it as a small price to pay for getting that person out of your life.

Angel

Jason Calacanis

The type of person you want to become—what the purpose of your life is—is too important to leave to chance. It needs to be deliberately conceived, chosen, and managed.

How Will You Measure Your Life?

Clayton M. Christensen, James Allworth, and Karen Dillon

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