The dress code may sound outmoded and overly strict but most racegoers enjoy dressing up for what is always a very special occasion.

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At the same time, the NCAA has been much maligned over the years for what many perceive as an overly strict application of their hundreds of pages of bylaws and rules.

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Moore says that strict mark-to-market accounting tends to make balance sheets look overly rosy in good times, when the market overvalues things.

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