Sunday, March 25, 2012

Why did Bernie Madoff go to prison?

From:
Sent: Friday, March 23, 2012 6:51 PM
To:
Subject: Fw: Why did Bernie Madoff go to prison?

Doesn't matter if you're a democrat or republican OR A TEXAN !

Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going.

Next thing you know Madoff is one of the most hated men in America and he is off to jail.
Some of you know this. But not enough of you. Madoff did to his investors what the government has been doing to us for over 70 years with Social Security. There is no meaningful difference between the two schemes, except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions. 

Do you need a side-by-side comparison here? Here's a nifty little chart. 


'The taxpayer: That's someone who works for the federal government but doesn't have to take the civil service examination.' 
"If you put the federal government in charge of the Sahara Desert , 
In five years there'd be a shortage of sand." 
~ Milton Friedman  

No comments:

Post a Comment

Don't be shy. Leave a comment below and tell the world what you think.

Related Posts Plugin for WordPress, Blogger...

Our Sponsor: Rosa For Life

Treat yourself as though you were at a spa with this soft cotton bath hair wrap. It dries hair quickly, is water absorbent and washable. The soft cotton fabric dries quickly and will be ready for your next hair washing.

- Made of Soft Premium Cotton.
- Just twist, flip and button. Easy to use.
- It makes a perfect gift for the girls in your life.
Made by Rosa For Life in the USA.

The Rosa For Life brand takes pride in providing you with the highest quality in material and craftsmanship. You will not be disappointed with the high quality and comfort of your Rosa wrap.

These also make great gifts for the girls in your life. Each Rosa wrap is packaged in a nice white gift box, including gift tissue paper. All you have to do is gift wrap or place in a nice gift bag.



Customer Reviews 

Stumble It!

Follow Us By Email