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The Economics of the Ponzi Scheme. Apparently, the financial sector of the economy was engaged in a big Ponzie scheme for two years before the meldtown.  According to the Central Valley Business Times: Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history. Faced with increasing difficulty in selling the

Full post as published by Lex Communis on August 27, 2010 (boomark / email).

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