Archive for February 11th, 2009

Bernie Madoff Is A Piker!

Wednesday, February 11th, 2009

A Ponzi Scheme is a scam that pays dividends with money from subsequent investors, rather than from profits. New York financial guru Bernie Madoff is currently accused of bilking his clients out of 50 billion dollars. That’s a five, with nine zeroes after it – or approximately Bill Gates’ net worth. Yet, strange as it may seem, if Bernie is found guilty, it should be for thinking small.


Because when it comes to running real big-time Ponzi fraud, Bernie isn’t even in the same league with our own federal government. After warming up with Social Security, then progressing to MediCare, our elected representatives have just passed an 1,100 page “stimulus” bill, which:
1. none of them have read in its entirety,
2. has a bigger price tag than the entire cost of the wars in Iraq and Afghanistan, and
3. with interest, will cost more than the entire Gross Domestic Product of the U.S.A.

Now that’s ambitious! By comparison, Bernie is a nickel-dime grifter.

But Bernie is facing a prison cell for his actions. Congress gets a generous retirement package (with full medical benefits) for theirs. In fact, they just voted themselves a pay raise!

Poor Bernie – he should have run for office. Because, as Will Rogers said, “We have the best politicians money can buy.”