I have been watching with ironic amusement the various politicos in Washington spout their outrage at the Bernie Madoff ponzi scheme that has cost investors billions.
It is an amazing spectacle watching the protectors of the biggest ponzi scheme in the history of earth - Social Security and Medicare - proclaim with righteous indignation that this sort of thing must be stopped!
Madoff appears to be responsible for about $50 billion in losses.
Social Security and Medicare are on the hook for better than $40 trillion.
Madoff is going to jail.
Politicians go on lobbyist funded junkets and get rich while "serving the people."
2 weeks ago
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