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Bernard Madoff Ponzi scheme

mrebuck

Senior Member
Joined
Dec 22, 2004
Posts
104
Total Time
>5000
Another example of "if it seems too good to be true, it probably is."
 

993_Pilot

MIGS
Joined
Jul 12, 2008
Posts
569
Total Time
20 yrs
It's all the unions fault . . . just ask B19.
 

brokeflyer

Well-known member
Joined
Apr 12, 2005
Posts
2,374
Total Time
1501
management.....once again like I said......and it is undisputed.

I dare you to respond.
 

993_Pilot

MIGS
Joined
Jul 12, 2008
Posts
569
Total Time
20 yrs
Nothing compared to the Ponzi scheme being run by Paulsen and Bernanke.

The largest was started in 1935 by FDR as part of the "New Deal" . . . it's called Social Security.
 

gutshotdraw

ZERT Wilson CQB User
Joined
May 6, 2005
Posts
3,226
Total Time
9000
The largest was started in 1935 by FDR as part of the "New Deal" . . . it's called Social Security.

THAT is the most true statement EVER posted on FI.
 

F/O

Smells like....
Joined
Mar 7, 2002
Posts
485
Total Time
8000
A lot of people look at Social Security wrong....like they are expecting to get something out of it. In my view it's just a tax like any other. I pay SS tax to help old people. Just like the other taxes you pay, don't plan on getting any of it back. That's not the way it should be, but that's the way it is.
 

Ticker

Well-known member
Joined
Mar 12, 2005
Posts
273
Total Time
10,000
The largest was started in 1935 by FDR as part of the "New Deal" . . . it's called Social Security.

AMEN!


50 Billion to zip! OMFG!!!
 

phr8dawg

Well-known member
Joined
Jan 15, 2006
Posts
181
Total Time
---
It amazes me that nobody seems ANGRY that this piece of excrement stole 50B, even from some of the biggest charities in the US! If he had robbed me at gunpoint for my per-diem, he'd be in a real jail.

House arrest? All he's going to get is Club Fed. Until he runs, of course.
 

skyaddict

Well-known member
Joined
Jan 26, 2005
Posts
651
Total Time
6500
Though I'd guess it is often a case of finding scape goats for more extensive corruption, I have to give it to the Chinese as to how they deal with this sort of excrement- execution. It does have a deterrent power that house arrest and mowing lawns at white collar prison 'resort' don't come close to.
 

hyflyin

Well-known member
Joined
Dec 7, 2007
Posts
382
Total Time
Whoa
A lot of people look at Social Security wrong....like they are expecting to get something out of it. In my view it's just a tax like any other. I pay SS tax to help old people. Just like the other taxes you pay, don't plan on getting any of it back. That's not the way it should be, but that's the way it is.

From Wikipedia, the free encyclopedia



"Entering a Ponzi scheme can be rational even at the last round of the scheme if a government will likely bail out those participating in the Ponzi scheme.[3]"
 
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