ponzi scheme

Keiser on France 24, August 1, Part 2

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Cheaprealty presents:

Investors should understand the risks of what they are taking on when buying high risk investment products - high reward equals high risks. Why can't these investors take responsibility when they lose some money, big or small, like everyone else has to?

Choice quote :

"I'd be getting the tomahawks out, going down to Bear Stearns Headquarters, and demanding that Jimmy Cayne come out with his hands up! Because this is not a matter of regulating or not regulating. This is a ponzi scheme!"

 

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