FlimFlam

— Senator Howard Metzenbaum (D-OH)

1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance?, Senator Howard Metzenbaum (D-OH) — [BonkNote]

(p1) – …American consumers pay a bill without having more than a somewhat vague idea of what they are buying.
- If this were the result of flimflam, enforcement agencies would have been all over the sellers years ago.
  - But this is not intentional flimflam it is as the man in “Fiddler on the Roof” explained away so many things- “tradition.”
These 140 million consumers, at an outlay of about $23 billion a year, are buying life insurance policies.

— Senator Philip Hart (D-MI)

1973 0220 – GOV (Senate) – The Life Insurance Industry, Philip Hart (D-MI) – Part 1 of 4 — [BonkNote]

Warren Buffett – Pampered Chef is based on selling to the end user. If I was a regulator … selling millions and millions of people on a dream that was not fulfilled.
Charlie Munger – I think there is more likely to be more flim-flam and selling magic potions than pots and pans.

2022 0819 – [2013] – Warren Buffett: Pampered Chef is not a pyramid scheme – [VIDEO-YouTube-03:19 ]