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New scandals; new lexicon for unethical conduct

Tom Fox | September 6, 2017

In the world in which The Man From FCPA grew up there was a well-worn phrase “It’s not what the cockroach eats, it is what it spoils.” That adage was applied to college football, usually when a very small underdog school would defeat a much larger and favored opponent. Now the cockroach has a new advocate, Warren Buffet, who said on the CNBC program Squawk Alley, “What you find is there’s never just one cockroach in the kitchen when you start looking around.”

And for Wells Fargo the cockroaches just keep on coming out. As reports have noted, there was the original scandal for which the bank paid out some $185 million in fines that resulted from bankers opening (and then closing) millions of... To get the full story, subscribe now.