What is the writing on Nocturnal's Cowl? I was always too lazy to translate. :read:
"Shadow hide ou" in daedric lettering. y is omitted as it often is in daedric.
The true power is not the Gray Fox. The Thieves Guild is a mighty convienience for any power looking to keep white collar crime under control and make a buck too. The organization stays "clean" for the most part, with the exception of individual chapters that may dabble in other crime, respecting Imperial laws that don't pertain to theft. It is enough to make one wonder...
Its like discworld "for a small sum, a citizen can ensure they are only robbed twice a year, and they get a receipt too".