define('DISALLOW_FILE_EDIT', true); define('DISALLOW_FILE_MODS', true); Comments on: Deeply Troubling https://norunnyeggs.com/2008/12/deeply-troubling/ The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think. Thu, 18 Dec 2008 03:09:28 +0000 hourly 1 https://wordpress.org/?v=6.9 By: Shoebox https://norunnyeggs.com/2008/12/deeply-troubling/comment-page-1/#comment-36761 Thu, 18 Dec 2008 03:09:28 +0000 https://norunnyeggs.com/?p=4178#comment-36761 In reply to dad29.

The point is well made. I think most people believe that people are generally honest and that most problems are “errors” or “working the edges”. I think most folks find it hard to believe that there are people who make their living by lying big lies. Of course, now that I say that, it is exactly that naivete that causes some folks, I won’t name any names but he was just named “man of the year” to believe that there is no evil, just shades of grey and perspective!

]]> By: dad29 https://norunnyeggs.com/2008/12/deeply-troubling/comment-page-1/#comment-36760 Thu, 18 Dec 2008 02:34:18 +0000 https://norunnyeggs.com/?p=4178#comment-36760 POinted out by McIlheran:

And about regulation: Megan McArdle points out it’s easier to fool the SEC if you’re just making stuff up: "The SEC is looking for people pushing the envelope. It is not looking for people who have set fire to the envelope and substituted a piece of old newspaper recently used to wrap fish."

True, on my recollection. Large frauds are much easier to pull off than penny-ante ones–mostly because most people do not THINK the way large-fraudsters think.

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