Jake Losh’s Reviews > Lying for Money: How Legendary Frauds Reveal the Workings of the World > Status Update

"The gradual decline of... caveat emptor... is not a story of the improving moral development of the Western world; it's a reflection of the gradual understanding on the part of capital-market operators... that if you stopped robbing people blind with stock pools and takeover rumors, you would... make more money overall by robbing them through trading commissions and management fees."