FlimFlam
- Why is this flimflammery allowed to continue?
- Where are the laws to prevent companies from misleading people?
-- Senator Howard Metzenbaum (D-OH)
1993 0525 - GOV (Senate) - When Will Policyholders Be Given The Truth About Life Insurance?, Senator Howard Metzenbaum (D-OH) --- [BonkNote]
- (p1) - ...American consumers pay a bill without having more than a somewhat vague idea of what they are buying.
- If this were the result of flimflam, enforcement agencies would have been all over the sellers years ago.
- But this is not intentional flimflam it is as the man in "Fiddler on the Roof” explained away so many things— "tradition."
- If this were the result of flimflam, enforcement agencies would have been all over the sellers years ago.
- These 140 million consumers, at an outlay of about $23 billion a year, are buying life insurance policies.
-- Senator Philip Hart (D-MI)
1973 0220 - GOV (Senate) - The Life Insurance Industry, Philip Hart (D-MI) - Part 1 of 4 --- [BonkNote]
- Warren Buffett - Pampered Chef is based on selling to the end user. If I was a regulator ... selling millions and millions of people on a dream that was not fulfilled.
- Charlie Munger - I think there is more likely to be more flim-flam and selling magic potions than pots and pans.
2022 0819 - [2013] - Warren Buffett: Pampered Chef is not a pyramid scheme - [VIDEO-YouTube-03:19]
- Always Marco
- Robert Fitzpatrick