Tulip Mania, Housing Crisis, and Enron

This article at Naked Capitalism is pretty interesting. I particularly found this (the last) paragraph particularly piquant:

In the movie Inside Job, Spitzer set forth the way to get convictions at big financial firms: start with the widespread use of company funds to pay for drugs and prostitutes for employees and clients. Use that wedge to get staff to turn evidence of financial crimes. With insiders providing a road map and testimony, criminal prosecutions become winnable. All it takes is a prosecutor with guts and a squeaky clean personal life.

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