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Blog Posts in December, 2007

  • What Is A Ponzi Scheme?

    I can’t provide all of the details of a Ponzi scheme. I am satisfied that check kiting is much simpler. A Ponzi scheme requires a great deal more energy and imagination, but some of it I understand. A Ponzi scheme begins with an asset. It is important that the asset have a value which is not easily discernible. For instance, if I could persuade you to invest in an oil well not yet drilled, and ...
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  • A New Year's Wish

    I’ve been told by people I respect that this is the wrong article to carry a New Year’s message of hope. They’ve told me the message is way too heavy, and not fun. But if I care about the reader, and feel strongly about the message, may I be excused again for bringing the elephant in the room into the conversation, just briefly, even if the elephant weighs down the discussion? That being said, ...
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