Posted By:
peter chaoYesterday, I finally had the opportunity to skim through The Card at Books Inc. in Palo Alto. I found the excerpts about Bruce McNall interesting. It turns out that he was cooking the books for about 10 years before the Feds caught him. Borrowed millions based upon false financial documents, appears to have gone heavily into debt to finance an extravagant lifestyle.
The $451,000 spent on his purchase of the Gretzky/McNall Wagner was approximately equal to his average monthly expenditures. Well I spend about two-thirds of my monthly budget on baseball cards...hmmm, I better start cutting back on my card purchases. Wouldn't want to end up in the same situation as Bruce McNall.
Who says the card hobby doesn't have any serious educational merit. 
Peter