The great American fraud factory
William K. Black pulls back the curtain
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Best line:
“American business schools have al to often become fraud factories.”
Manufacture profits with doctored accounting so the CEO can get the maximum bonus.
If you can do that, you’ll never be lacking a job in the new corporate America.
But wait, there’s more…
How much bigger is today’s crisis than the Bush I Savings & Loan Crisis?
As big? Twice as big? Ten times as big?
Try forty times bigger – and the enforcement arm of the SEC is a mere shadow of what it was back then.
