They Cooked the Books

Nonfiction, Reference & Language, Reference, Quotations
Cover of the book They Cooked the Books by Patrick Edwards, Patrick Edwards
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Author: Patrick Edwards ISBN: 9780982934715
Publisher: Patrick Edwards Publication: August 31, 2011
Imprint: Smashwords Edition Language: English
Author: Patrick Edwards
ISBN: 9780982934715
Publisher: Patrick Edwards
Publication: August 31, 2011
Imprint: Smashwords Edition
Language: English

Have you ever wondered about expressions such as “The cat’s out of the bag,” “Fast-buck artist,” and “On the Q.T.?” Patrick Edwards explores these sayings and their fascinating origins, original meanings and present day usage having to do with Wall Street crime and Ponzi schemes.

For instance, “Cooking the books” originated in England when the Earl of Strafford said: “The proof was once clear; however, they have cooked it ever since.” The year was 1636, and the Earl was referring to altering ingredients in a recipe—not the “creative accounting” all too common in today’s business world.

The expressions in this book deal with “white-collar crime,” first defined in 1939 by Professor Edwin Sutherland, who said, “There is a vast difference between white collar-crime and blue-collar crime, and high social status has a lot to do with the distinction. White-collar crime is often committed by a person of respectability in the course of his or her occupation.”

Edwards uses familiar phrases, idioms and proverbs to take the reader through high profile events of the 2000s, such as the demise of Enron, Adelphia, WorldCom, and more recently AIG and Ponzi schemes. He also includes thought-provoking and humorous quotes, such as this one from comedian Jay Leno: “It looks like more than 13,000 people were caught up in that Madoff Ponzi scheme. You know what a Ponzi scheme is? That’s when you throw good money after bad; or as the government calls it, a stimulus package.”

Come along on a fascinating historical tour of some of today’s most familiar financial expressions.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Have you ever wondered about expressions such as “The cat’s out of the bag,” “Fast-buck artist,” and “On the Q.T.?” Patrick Edwards explores these sayings and their fascinating origins, original meanings and present day usage having to do with Wall Street crime and Ponzi schemes.

For instance, “Cooking the books” originated in England when the Earl of Strafford said: “The proof was once clear; however, they have cooked it ever since.” The year was 1636, and the Earl was referring to altering ingredients in a recipe—not the “creative accounting” all too common in today’s business world.

The expressions in this book deal with “white-collar crime,” first defined in 1939 by Professor Edwin Sutherland, who said, “There is a vast difference between white collar-crime and blue-collar crime, and high social status has a lot to do with the distinction. White-collar crime is often committed by a person of respectability in the course of his or her occupation.”

Edwards uses familiar phrases, idioms and proverbs to take the reader through high profile events of the 2000s, such as the demise of Enron, Adelphia, WorldCom, and more recently AIG and Ponzi schemes. He also includes thought-provoking and humorous quotes, such as this one from comedian Jay Leno: “It looks like more than 13,000 people were caught up in that Madoff Ponzi scheme. You know what a Ponzi scheme is? That’s when you throw good money after bad; or as the government calls it, a stimulus package.”

Come along on a fascinating historical tour of some of today’s most familiar financial expressions.

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