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Consumer Law

: Caveat Emptor

Social Security: FDR?s Ponzi scheme.

By Chris Wheaton

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There has been a lot in the news about Ponzi schemes lately. From Petters to Madoff, these man-made towers of greed are beginning to crumble under their own weight and unsustainable growth. n elementary explanation of the Ponzi scheme is where new investors are brought into an investment to pay the old investors. As you [...]div class="feedflare" a href="http://feeds.feedburner.com/~f/caveatemptorblog/rss?a=DHtEO"img src="http://feeds.feedburner.com/~f/caveatemptorblog/rss?i=DHtEO" border="0"/img/a a href="http://feeds.feedburner.com/~f/caveatemptorblog/rss?a=sb8eo"img src="http://feeds.feedburner.com/~f/caveatemptorblog/rss?i=sb8eo" border="0"/img/a a href="http://feeds.feedburner.com/~f/caveatemptorblog/rss?a=Bk9go"img src="http://feeds.feedburner.com/~f/caveatemptorblog/rss?i=Bk9go" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/caveatemptorblog/rss/~4/492790922" height="1" width="1"/

Full post as published by Caveat Emptor on December 22, 2008 (boomark / email).

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