Thursday, January 01, 2009

The 'Not As We Do' Government

Feds bust another Ponzi scheme

A Ponzi, or pyramid scheme operator takes money from one investor and rather than investing it gives it to another investor, proving to the latter that s/he is making money. Keeping this operation afloat requires more and more investors putting in larger and larger sums of money. Think Social Security.

When the government does it, it's called a retirement plan, but when a citizen does it, it's a criminal offense.

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