Dec

26

Ponzi, from Big Al

December 26, 2008 |

 So many possibilities. Maybe the $50B is itself a lie, a scam. To maintain the focus of attention.

How much truth-bending will there be in order to maximize reported losses for tax purposes?

How many will get on camera to say they "knew something was wrong all along" and so didn't invest?

How many bad positions or failed ventures will be rationalized by the "Madoff excuse"? "Our main backer had his money with Madoff."


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