Of course, these weren’t schemes or a rip off because it was ‘legal.’
Now you’ve got it. One was unethical but legal (most of the housing crisis), Madoff was breaking established written law. Only Madoff was the Ponzi scheme.
I could have done that and called into question your naive understanding of financial transactions. However, I wanted to keep from insulting you, but it looks like you’ve removed that opportunity.
You’re kidding, right?
https://en.wikipedia.org/wiki/2007–2008_financial_crisis
Of course, these weren’t schemes or a rip off because it was ‘legal.’
Yes. That’s a fundamentally different situation than a ponzi scheme
Now you’ve got it. One was unethical but legal (most of the housing crisis), Madoff was breaking established written law. Only Madoff was the Ponzi scheme.
You should learn to recognize sarcasm.
I could have done that and called into question your naive understanding of financial transactions. However, I wanted to keep from insulting you, but it looks like you’ve removed that opportunity.
You funny.