points: 0

The Bernie Madoff Scandal

Explained by Ernie and Cookie Monster.

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by yak

submitted April 1st 2009

12 comments
what do you think? let everyone know!
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muchoworthynot muchoworthy
comments (12)
Ponzi scheme. Sort of like our Social Security...
9 years ago
I don't think madoff meant for it to be a ponzi scheme at first. He dug himself a hole, and the only way to get out of it and repay his investors was to get more investors. At a one time or another, he must of realized he hit the point of no return and started planning what to do with all this cash.
9 years ago
dood, original post fail.
9 years ago
"where just going to put it in a trust fund and.... it's gone."
9 years ago
*we're
9 years ago
reply fail
9 years ago
^political/social/economic fail.
And this happens a lot to me because I forget to refresh.
9 years ago
that's ok :)
9 years ago
The gun at the end was the clinch point.
9 years ago
Politics are unbearable.
9 years ago
i swear to god i love cookie monster
9 years ago
Agreed.
9 years ago
recover password