Madoff's Ponzi Scheme

[Swimmer]

Without validating this following statement, because I am not well-versed in the market, I have always felt from a layman's view that the stock market itself is a variation of a Ponzi scheme even if it is supposedly legitimate.

[Tagger]

Its seems my whole working life whenever the economy gets big and fat ,they wring it out . Ten year cycles it seems . The world ran out of oil in the 70's and times got tough. We waited in line to get $10 worth of gas every other day . The economy tanked .. We worked for crumbs and built it up again only to be wringed out again late 80's early 90's.. 2009-10 here we are again . Anyone eles see a pattern here ? Put the white collar crooks in the same prisons as the other murder's and thieves . No . the slap on the wrist is coming ..

[Crafty Angler]

Originally Posted by Tagger

Its seems my whole working life whenever the economy gets big and fat ,they wring it out . Ten year cycles it seems . The world ran out of oil in the 70's and times got tough. We waited in line to get $10 worth of gas every other day . The economy tanked .. We worked for crumbs and built it up again only to be wringed out again late 80's early 90's.. 2009-10 here we are again . Anyone eles see a pattern here ? Put the white collar crooks in the same prisons as the other murder's and thieves . No . the slap on the wrist is coming ..

I'm with you Tagger - put 'em in a suitable place like a state penitentiary, not one of those country-club Federal facilities.

Figure 25 years in the hole playing husband-and-wife with a 300 lb guy named Bubba oughta give them a opportunity to reflect on their past

You just have to motivate the judiciary to start smacking these guys with a bigger stick than a few months of confinement.

[Back Beach]

Originally Posted by Swimmer

Without validating this following statement, because I am not well-versed in the market, I have always felt from a layman's view that the stock market itself is a variation of a Ponzi scheme even if it is supposedly legitimate.

I couldn't agree more, Swimmer.