Inside Look: Ponzi Scheme
By Barry Ritholtz - December 16th, 2008, 10:15AM
Hedge Fund Regulation – More Perspective on Madoff’s Alleged $50 Billion Ponzi Scheme
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
December 16th, 2008 at 11:01 am
Cancelled my limit order and went short starting right now. IWM $55 Put Jan bought at $9.50 limit sell at $10.70 GTC.
December 16th, 2008 at 11:15 am
I advocate SEC registration and regulation of all Ponzi schemes.
Next to be regulated is a Detroit-based Ponzi which has been promising “steady and safe” 10% returns to noteholders.
When I asked how they made their money they said “we pay our workers $10 an hour more than the competition and sell our products for a $3,000 discount!”
December 16th, 2008 at 11:20 am
P.S. There is already a scheme in the gov’t thats a Ponzi. It’s called the Fed – treasuries in printed money out.
December 16th, 2008 at 12:07 pm
Can somebody give me the symbol for Ponzi? Is it on the Big Board or OTC. I tried PONZ and PNZ. No luck. ;)
December 19th, 2008 at 5:25 am
Funny, I thought the Federal Reserve was running the biggest Ponzi scheme on Earth. When is that little man behind the curtain finally going to be revealed???