Politics and Poniz Schemes

Here's an amazing story about one of the greats Ponzi Schemes of all time. This thing reads like a screenplay starting DeCaprio. It's a long read but well wroth it. The greed, the lies, the banks, the hedge funds, the politicians, the churches, the hucksters, the forger, the auditors, the love affair....goodness, there's so many interesting piece on the board and to pull it all off as long as he did? Wow!

An Entrepreneur, A Born-Again Ex-Con, And The Pols Who Championed Them: The Untold Story Of A $36 Billion Swindle | The New Republic (http://www.tnr.com/article/politics/magazine/96713/petters-ponzi-scheme?passthru=YzNkMjMzOWI2ZTg3OWQ1NTg4NmRjMjY5Nz Y5NmI1NWE)

Never could stand those damn Poniz.

Is a "poniz scheme" when a girl conspires to obtain little horses?

Poniz was one of the cops from CHIPS.

This would be more interesting to read I suppose if I had a subscription so I could read the whole article

Hmmm....I read it using the link above without needing a subscription.

Here's it is from another site:
The Turnaround Men | Corporate Accountability | The Investigative Fund (http://www.theinvestigativefund.org/investigations/corporateaccountability/1571/the_turnaround_men/?page=entire)

Better. Will read it later today

I think they should expand the death penalty for people like this. People look at murder as being a heinous crime, but economic devastation is much worse than murder. With murder, it's fast and the person doesn't suffer. With economic devastation, the people suffer greatly and for long periods. (lifetime even) People lose their homes, their jobs.



Also, I hope you can see why I'm so adamant about corporate money being out of politician hands. Why isn't Bachmann having to give that money back? So if some bank robber gave me 100,000 after he robbed a bank, he doesn't have to give it back? You see why I'm angry at my government? The corruption.


They should also take the right, for Presidents to pardon people, away from that position. I was pissed off when Clinton pardoned that guy after his family dropped a huge sum of money into his library. It's sickening.

I think they should expand the death penalty for people like this. People look at murder as being a heinous crime, but economic devastation is much worse than murder. With murder, it's fast and the person doesn't suffer. With economic devastation, the people suffer greatly and for long periods. (lifetime even) People lose their homes, their jobs.



Also, I hope you can see why I'm so adamant about corporate money being out of politician hands. Why isn't Bachmann having to give that money back? So if some bank robber gave me 100,000 after he robbed a bank, he doesn't have to give it back? You see why I'm angry at my government? The corruption.


They should also take the right, for Presidents to pardon people, away from that position. I was pissed off when Clinton pardoned that guy after his family dropped a huge sum of money into his library. It's sickening.

Actually the death penalty is a form of economic devastation. Contrary to the beliefs of many, it is much cheaper to give someone a life sentence than it is to put someone to death. So, for example, New Jersey was able to balance its budget in part because it abolished the death penalty. A study done in Florida showed that the state could save $51 million a year by abolishing the death penalty.

Actually the death penalty is a form of economic devastation. Contrary to the beliefs of many, it is much cheaper to give someone a life sentence than it is to put someone to death. So, for example, New Jersey was able to balance its budget in part because it abolished the death penalty. A study done in Florida showed that the state could save $51 million a year by abolishing the death penalty.


Not if you use one of these.

http://1.bp.blogspot.com/_yoaTaFMUuVY/SbRfCAbq31I/AAAAAAAAAMk/9lRuV8xbezA/s400/guillotine.jpg


I'm all for public executions as well. So much for me being a liberal. :cheeky-sm


I knew that fact by the way, still doesn't change anything. There is no reason why it should cost that much to carry out a death sentence.