Madoff & the Ponzi

[Linny]

Originally Posted by packerbacker7964

People where in the Sam Hell are the regulators of these funds? Where's the audit's? I mean no one checks up on these Billion $$$ funds? Lot's of banks in England are going dwon in a blaze of glory over this also. What a way to get money outside of the USA to invest now after this fisaco.

Madoff's neice (a well connected attorney) recently married a member of the board of the SEC. Hmmmm...

[ELA]

By the way, very often, when an event like this occurs, some of those who always rant and rave about everything tend to now have a captive audience, and the heretics can surface. Many use something like this as an opportunity. This is one of the reasons why many heretics call Social Security a Ponzi scheme.

Eric

[AeWingnut]

Originally Posted by ELA

By the way, very often, when an event like this occurs, some of those who always rant and rave about everything tend to now have a captive audience, and the heretics can surface. Many use something like this as an opportunity. This is one of the reasons why many heretics call Social Security a Ponzi scheme.

Eric

I call Social Security a Ponzi Scheme


and how is it not one? To paraphrase Nixon - when the government does something it is not illegal.

I also believe that the FDIC is a license for banks to make really questionable loans. Why not the government (we) pay for their mstakes. They have nothing to lose.


I need a bailout