Wednesday, January 28, 2009

One giant Ponzi scheme

I was calling Bushenomics a Ponzi scheme way before it was cool, but even I didn't suspect the full breadth of the scam. The investment bankers, and the hedge funders and guys like Madoff get all the press, but it appears there were probably hundreds of mini-Madoffs who are just now being discovered as panicked investors try to snatch back their cash from the greasy palms of snake oil salesmen. Too late.

[graphic via gaping void]

[More posts daily at The Detroit News.]

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