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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: neolib who wrote (174307)12/29/2008 4:01:04 PM
From: tejekRead Replies (6) of 306849
 
I've heard this before. I don't get how that's fair.

Why not? It is a protection to encourage people not to play with Ponzi schemes. If such a law didn't exist, then the only problem with a Ponzi scheme is being one of the suckers still holding at the end. This leaves the early players on the hook as well.


But if you didn't know it was a Ponzi scheme.....invested your money for 5 years and then decided to withdraw the money so you could buy a summer home with the profits, why should you be penalized ten years hence because it turns out it was a Ponzi scheme?
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