http://www.businessinsider.com/harry-markopolos-ponzi-scheme-bigger-than-madoff-2016-2
I wonder who it could be. Warren Buffet maybe?
I wonder who it could be. Warren Buffet maybe?
The guy that blew the whistle on Madoff says there is one bigger than Madoff
- Thread starter peilthetraveler
- Start date
LOL! I hope it's Buffet... that wrinkled old little "Odumbo endorsing" cocksucker.
I've always suspect he's benefited mightily from government/Fed support.
I've always suspect he's benefited mightily from government/Fed support.
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Q
The Con Artist Hall of Infamy
http://archive.pixelettestudios.com/hallofinfamy/about.php
Fraudsters and con artists have always existed. They flourish in a booming market, where free-flowing cash stops up caution like a cork in a bottle. But when the cash dries up, the fraud is exposed – or, as Warren Buffet put it: “It’s only when the tide goes out that you learn who’s been swimming naked.”
UQ
The Con Artist Hall of Infamy
http://archive.pixelettestudios.com/hallofinfamy/about.php
Fraudsters and con artists have always existed. They flourish in a booming market, where free-flowing cash stops up caution like a cork in a bottle. But when the cash dries up, the fraud is exposed – or, as Warren Buffet put it: “It’s only when the tide goes out that you learn who’s been swimming naked.”
UQ
That is a good collection although Allen Stanford's ponzi second to Madoff in size is missing...
By the way the title is incorrect, it isn't Markopolos blowing the whistle, here is the original article:
http://prograssing.com/news/as-mado...eblowers-are-pounding-on-the-secs-door-again/
http://prograssing.com/news/as-mado...eblowers-are-pounding-on-the-secs-door-again/
If you look into some of the least discussed reasons as to why these scams have a captive audience...well, I'd still argue that it falls at the feet of the Fed...Many of the "investors" in these schemes are looking to replace that steady interest income they had with normalized rates (and are completely risk-averse investors)...the schemers know this...that is why so much of the language is parsed with "income" and "conservative and consistent monthly returns"...It's the same reason why there is a captive audience for trading iron condors/credit spreads, etc, etc...there is a large contingency of investors who want nothing to do with speculating in stocks and/or buying high yield debt (heck they've seen this film twice in the past 15 years)...
Ponzi scheme bigger than Madoff; "you can't stop them"?
That's easy. US entitlement programs and US treasury market.
bigger than madoff? yes, it's uncle sam
