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December 14, 2008

Comments

Me

OK, but take the example of a mutual fund that invests in companies it owns majority stakes in. They do exist in the many billions. Or the annuity company that offers high watermarks well beyond its ability to pay. That's a multi hundred billion dollar debacle.

There are many more potential problems. Nobody is investigating them.

Joe

If Bernie Madoff does it, it is a crime. if the US government does it, we call it social security. both are ponzi schemes. one is of a much larger magnitude than the other.

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