Calling a Ponzi scheme a Ponzi scheme!

"Dear Mr Buffet" a book written by, Janet Tavakoli - Finally reveals what we suspected the whole time about the Financial Crisis - that is leading us into a Depression - namely that this was caused by a immense Ponzi scheme that dwarfs anything Madoff ever did.

Here is a quote from the book, Tavakoli: "It was a massive Ponzi scheme with many players involved. At times you’d have the CDO manager, an investment bank and a hedge fund involved, all of them knowing they were doing the wrong thing. These people all wanted to get in on the fees, so they all went along with this stuff."

So do you get it? This wasn't an accident - this was a shrewdly calculated con - whereby a few people got very rich and the rest of the world got screwed! And guess what else? No one is holding them accountable! It looks like the crooks who scored the biggest ripoff of wealth in history are going to keep the money and walk off scott-free even as the entire world economy has been trashed by the falling bricks from the failed pyramid!

Well I guess if you want to learn more you should buy her book "Dear Mr. Buffett" and you might also want to write your Senator and Congressman and see if they plan on holding anyone accountable for the mess!

Good luck to all,

e-Wonk