Underestimating the ability of consumers to see through a superficial and greedy alignment with a cause is a very big mistake.

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Living the Buffett motto of being greedy when others are fearful, activist investor Carl Icahn has been very active recently.

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Few municipal issuers default, and the insurers didn't offer to back very risky issues, so they had an easy business, but they have gotten greedy in recent years, providing backing for complex securities like collateralized debt obligations, which are built in part out of subprime mortgages.

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The former finance wizard replied in tones almost forlorn: "I believe I was extremely greedy, and that I lost my moral compass, and I've done terrible things that I very much regret, " answered Fastow.

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