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Tags: Bernie Madoff, Derivatives, Janet Tavakoli, Ponzi scheme
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Not gonna lie, disagree.
Agree to disagree?
I dont know if I’d go so far as to call it a Ponzi scheme.
From 2000-2006ish the ENTIRE planet momentarily lost touch with reality.
Nothing can be as safe as Treasuries with a higher yield. Nothing can earn more than a money market with equivalent liquidity. Houses cant go down in value ect.
Now back to our regulary scheduled investing.
I don’t like the comment blocker…
that said, unless greggums is back, let’s try to avoid posting the same $h1t that was posted the previous day. just sayin’
Janet Tavakoli: broken record who needs to crawl back into the cave from which she emerged.
@4 not the ENTIRE planet..there is always someone who sells the top.