Open Thread

July 28th, 2009 9:59 AM

For general discussion and debate. Possible talking point: Ponzi schemes are busting out all over!

The same week Ponzi schemer Bernard Madoff was sentenced to 150 years in prison, and Ponzi schemer Allen Stanford was denied bail, government Ponzi schemes in states across the country exploded. If you fail to see the irony and/or the connection, you mustn't understand what a Ponzi scheme really is...[I]t seems almost unimaginable that Americans who are rightfully cheering Madoff's 150-year sentence don't understand that their President, along with governors and legislators across the fruited plain, are involved in the very same scam, and with their money.

Read the whole piece and offer your thoughts.