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To: sea_biscuit who wrote (12214)3/3/2000 6:28:00 PM
From: Allan Harris  Respond to of 15132
 
Dipy, I'm not sure what you mean by "Ponzi schemes" but I think if someone loses money because they are stupid, or because they borrowed money to bet on horses and lost, or borrowed money to go to law school and couldn't pass the bar, or borrowed money to open a restaurant and no one came, then the state has no right to intervene. If someone loses money because they are victimized through artifice or outright theft, then the state has a legitimate right to intervene.

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