1. Is the Bailout Just Another Ponzi Scheme?
... Scheme? It's basically a financial scheme where the first in get all the money, and the last in lose everything. The first in are paid by the money invested by the last in, and since they're making money, it makes it look legitimate, drawing even more investors into the scheme. Also called a "pyramid scheme", it is the slimiest of slimy dealings, because the perpetrator knows exactly what he's doing ... an offshore account somewhere where he can get it after he gets out of prison. Our government has said that we, the taxpayers, have to give to the bankers (who are, by the way, part of t...
- Word Count: 474
- Approx Pages: 2
- Has Bibliography
- Grade Level: High School