| 词汇 | blue-sky laws |
| 词源 | blue-sky laws. These are American state laws regulating the sale of securities, especially laws designed to inhibit the promotion of fraudulent stocks. Kansas, in 1912, enacted the first law so described by the press as protection against unscrupulous land promoters. Behind the words is the idea that suckers will buy even the blue sky from con artists or that “blue-sky” land or securities lack substance, like cloudless blue skies. |
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