SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: carranza2 who wrote (16302)1/14/2009 2:57:18 PM
From: Real Man3 Recommendations  Read Replies (1) of 71454
 
Bernie just lost the money and lied to investors about recent
returns, so they don't flee. That IS a crime, but not a "Ponzi
scheme" he's been accused of per se. It is possible to make
consistent returns through derivatives, and was certainly
possible before last year's Black Swan flew around.

Banks were doing exactly the same thing in the credit market, and
the US government just endorsed it by abandoning FASB 157, so
talk about justice. In case of banks, however, there is "no
market" for troubled assets, so prices "cannot be determined".
A whole lot of fraud has been going on. There will be no
public pity for the hedge funds, thou - they definitely will
be the casualties of the war.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News