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American Greed

Posted: Fri May 06, 2011 3:54 pm
by seeahill
This series is morbidly fascinating. People employing all manner of fraud.

http://www.cnbc.com/id/18057119/

A doctor making millions on unneeded sinus operations. A hedge fund manager concealing his trading failures. Half the time, the fraudsters buy these garish mansions and have a garage bigger than your house full of Lamborghinis. A lot of time, they end up with a shotgun in their mouths. Or broken pitiful wrecks in some prison somewhere.

You always ask yourself: would I have fallen for that one? As one guy the sinus doc defrauded said when asked if he should have done some research.

"Yeah. Definitely. But I guess you expect professionalism from a doctor. I mean, I don't research the pilot on every flight I take."

Re: American Greed

Posted: Sat May 07, 2011 12:00 am
by Fat Cat
One of the biggest mistakes people make is assuming other people are rational and make reasonable decisions.