Professor William Black:

That is my professorial response. No, that is how you distinguish. No honest banker is going to gut underwriting because we have known for centuries if you do that you will lose money. But bankers who want to follow this recipe will do it because it will produce these three sure things, and that is how we got convictions even against top criminal defence lawyers by explaining that to juries. I was the expert witness in a number of these cases. I trained the FBI agents and the assistant US attorneys in precisely how to distinguish. That was among my functions.