Bailout Ponzis

About: Wikipedia on Ponzi Schemes

How enticing those bailout ponzi schemes (pyramid schemes) seem, eh? You can google bailout ponzi and there are a lot of interesting takes on the notion that the government bailouts are a giant ponzi scheme with the taxpayers left at the bottom. 
The challenge if we participate is to get our own interests to the top of the pyramid before the next guy gets theirs.  The Unions are now getting their cut from the bailout of auto industry even though there is a great auto industry in the form of US made Japanese autos - it's just not GM, Ford or Chrysler.  Who's Next? The giant slush fund supposedly for the purpose of increasing the credit for housing & to help financial institutions harmed by bad mortgages is now being dolled out to the top of the pyramid; 10957 for a list of those in line.  Remember you are last in line! (& the pyramid will crash before you get yours)

Tags

  1. 3rd street
  2. ponzi
  3. bailout
  4. bailouts

Comments


Mark de LA says
& the World's largest ponzi scheme is ....


Mark de LA says


Mark de LA says
Other ponzi schemes abound!


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