American Presidential Politics and foreign affairs Message Board

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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (30580)	12/22/2008 10:42:14 PM
From: RMF	Read Replies (3) of 71588

Yeah, they were ALL running "Ponzi Schemes", only Madoff's was TOO blatant...LOL If you give out "NINJA" loans....loans to people with NO income, NO jobs and NO assets, and then you pass those loans on to others as part of "BUNDLES" that are backed by worthless derivatives and make cash on every step of the transaction then you're a BANKER. But, if you just take cash from "rich people" and pay out nice returns to everybody as long as the cash keeps coming in you're running a "Ponzi Scheme". In BOTH cases they KNEW it wasn't going to go on forever, but the "so-called Bankers" are still around and collecting bonuses on the Taxpayer's dime while Madoff will be stripped of everything and go to prison.

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