Blogging about change and current news
12 Dec
Hold your hat! Enron was a cakewalk. Now the leader of NASDAQ has been arrested for a 50 billion dollar ponzi scheme. Enron was a mere 38 billion. SO where are the headlines, where is the outrage. Thats right, we are too busy with the 30 billion Auto Bailout. They say love is blind, how about greed. Fix Asset Mangement of New York ran a Pyramid scheme, gee how original. Basically using your money to pay those who got in early, from the funds that come in from the bottom. Now the SEC is looking real bad, for this plan had been going on for years. We are going South my friends. Universities, hedge funds all put in money looking for great returns. Yes, schools who need those funds have had their investments vanish. What I truly wory about is those overseas looking yet again that our economy stinks, that the rich get away anything, that capitalism is the fraud that Marx talked about etc. By the way, Bernard was able to get out of jail on a 10 million dollar bond. He put up his house. Yikes, thats a ton of cash on available why poor schools suffer.
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