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#1
03-08-2009, 05:10 PM
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Hey guys, can someone splain to me where the 50 billion went?......
I know how the Ponzi scheme works, i think, but the 50 bill didn't just disappear....somebody(s) had to wind up with something....or does Madoff have it all?.......
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"If you lose the power to laugh, you lose the power to think" - Clarence Darrow, American lawyer (1857-1938) When you are right, no one remembers;when you are wrong, no one forgets. Thought for today.."No persons are more frequently wrong, than those who will not admit they are wrong" - Francois, Duc de la Rochefoucauld, French moralist (1613-1680) 
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#2
03-08-2009, 06:16 PM
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if it's like most schemes, those who got payouts got the money from those entering the plan later-and of course those at the end of the line get nothing, since there's no money left coming in from 'investors'.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#3
03-08-2009, 07:02 PM
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Sorta figured the first investors made money at the expense of later investors (suckers) but still seems to leave mucho bucks unaccounted for....
__________________
"If you lose the power to laugh, you lose the power to think" - Clarence Darrow, American lawyer (1857-1938) When you are right, no one remembers;when you are wrong, no one forgets. Thought for today.."No persons are more frequently wrong, than those who will not admit they are wrong" - Francois, Duc de la Rochefoucauld, French moralist (1613-1680)
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#4
03-08-2009, 07:11 PM
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Quote:
Just like stocks. Or your house. Your house maybe valued at 150,000 dollars. But until you sell it for that value... So you might sell it for 40,000, and claim you lost 110,000 dollars. Depends on how investments are valued to begin with. And obviously those investments have lost their "supposed" value.
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