angelatc
Member
- Joined
- May 15, 2007
- Messages
- 50,703
I merged the two threads on the same article.
Question- how can this be a "Ponzi scheme"?
http://dictionary.reference.com/browse/Ponzi scheme
Investment scam by which early investors are paid off from the contributions of later ones, 1957, in ref. to Charles Ponzi, who perpetrated such a scam in U.S., 1919-20.
I guess children are the earliest investors

The guy impressed me when I saw that he refused to use student loans to put his kids through college. I mean, who else doesn't use student loans?
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