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NEW YORK — Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme.
"The whole new regulatory reform is a joke," Madoff said during a telephone interview with New York magazine in which he discussed his disdain for the financial industry and for its regulators.
A Ponzi, or pyramid, scheme is a scam in which people are persuaded to invest through promises of unusually high returns, with early investors paid their returns out of money put in by later investors.
They hold no allegiance to any flag they are out to rape EVERYONE!
They want a global socialist/communist system which they are on top of...
Originally posted by hillynilly
reply to post by kroms33
Of course!!! It' has been said for years the FEDERAL RESERVE
is the biggest ponzi ever invented!!!
Ron Paul has been saying that for decades now...
I'm glad this is getting some mainstream attention..
Maybe more people will realize
what is going on with these money hungry,
power grabbing, NWO douche bag bankers...
They hold no allegiance to any flag they are out to rape EVERYONE!
They want a global socialist/communist system which they are on top of...
He said Wall Street deserved a large share of guilt in bringing about the financial crisis, and that some bankers deserved to be indicted for crimes.
RP won't change anything. Working within a corrupt system will only maintain the system. If elected to lead, RP will betray you just as quickly as Obama has betrayed his constituency.
The system must change; changing figureheads gets us nowhere.
This is a class war...always has been, and our class is losing. They have the biggest guns and the loudest voices; we can't out shout them or out shoot them, all we can do is not give them our blessing. If no one voted, they would no longer be able to pretend they have a mandate. Without the "Consent of the Governed" they have nothing.