Word: emptor
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Dates: during 1930-1939
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...Laws are made to protect the trusting as well as the suspicious. The best element of business has long decided that honesty should govern competitive enterprises and the rule of caveat emptor should not be relied upon to reward fraud and deception...
...Council and fairly reeks of Grand Central Station. The founders have likened concentrators in any field to purchasers of a product who have no adequate way of knowing what they are getting. In the inglorious past, so far as we know, Harvard's motto has been: caveat emptor...
...started a high-class gambling house. He called it "an educational institution! The famous Keeley institute provides a cure for the drinking habit. At the Tivoli I have a cure for the gambling habit. The man who steps into my place is faced with the sign, 'Caveat Emptor' which hangs upon the wall." For the improperly educated, Soapy translated the Latin text into real life. When Denver finally decided it was tired of Soapy and his kind, he moved on again, this time to Mexico, where he almost sold old Porfirio Díaz the services...
...upon us to insist that every issue of new securities to be sold in interstate commerce shall be accompanied by full publicity and information, and that no essentially important element attending the issue shall be concealed from the buying public. This proposal adds to the ancient rule of caveat emptor ['Let the buyer beware'] the further doctrine: 'Let the seller also beware' [caveat venditor]. It puts the burden of telling the whole truth on the seller. It should give impetus to honest dealing in securities and thereby bring back public confidence...
...matters like this Wall Street is prone to rely heavily upon the famed doctrine of Caveat Emptor ("Let the buyer beware"). On the other hand the investing public, as represented by their District Attorneys, like to put the blame for any loss on the financial go-between...