In recent news,
Madoff to NY magazine: Government a Ponzi scheme
– Sun Feb 27, 11:49 pm ET
NEW YORK – Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme.
“The whole new regulatory reform is a joke,” Madoff said […]
[…] he accused banks and hedge funds of being “complicit” in his Ponzi scheme to fleece people out of billions of dollars. He said they failed to scrutinize the discrepancies between his regulatory filings and other information.
“whole government is a Ponzi scheme.”
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He is correct. It appears that the government owes a deep bow of explanations as to why they continue to make excuses of promises and gurantees on monies, which has not been returned to investors. Again, Madoff and pals are made scapegoats (or fall guys) to the truth. Where did all the money REALLY go, huh?
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