Daily English 488 - Getting Around Regulations

Complete Lesson

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Dialogue/Story

Slow Speed begins at: 1:11
Explanation begins at: 3:05
Normal Speed begins at: 15:49

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Michael: I have some qualms about how we’re handling these accounts.

Leona: What do you mean?

Michael: There are strict regulations governing what we can and cannot do, and I think we’re violating those regulations.

Leona: Listen, it’s a matter of interpretation. We’re not flouting any regulations. We’re just not following the letter of the law.

Michael: I, for one, think that we’ve crossed the line. I’m not against some creative accounting, but what we’re doing is bordering on criminal.

Leona: Aren’t you blowing things out of proportion? The government makes laws knowing that people are going to try to get around them. There are always loopholes and that’s why they turn a blind eye to most of these types of activities. As long as we comply with most of the regulations, we’re not going to get into any hot water.

Michael: I appreciate your confidence, but I don’t share it. I think we’re in for some major problems if we don’t change the way we do business.

Leona: Come on, let’s go get some coffee and see what we can do about that overactive conscience of yours.

Category: Business