Ron Paul - Madoff Fraud Hearing - Congress - Big Ponzi Scheme 01-05-09
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He's right. Complainants should go to the Distict Attorney to prosecute, not the SEC
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ron paul " i am sorry,...you are by far the most transparent of them all... good luck
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One can see he thinks before he says something,,He says alot of ah s until he climax's then states the facts, hardly an ahh again...LoL what a guy.@!!
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This is undeniable proof of why we DON'T need government oversight of the economy. Markopolos tells the SEC for close to a decade that Bernie Madoff is running a Ponzi Scheme, they ignore him, Bernie's sons turn him in after he confesses to them that it was a Ponzi Scheme, and NOW all of a sudden, we need MORE regulation? These fucking clowns can't even be trusted to enforce laws that are already on the books, and we should give them MORE regulatory power!? You people are EEEEDIOTS!!!!
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@Sasha32659 Back-up plans don't force you to pay into it under threat of prosecution. Social Security is, without a doubt, a Ponzi Scheme.
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Ron Paul is bad ass.
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Maybe the SEC is irrevelant, but wait a minute. If Social Security is a ponzi scheme, then by Ron Paul's logic, all insurances are ponzi schemes. Please keep in mind, Ron Paul is rich and he could retire today and have all his needs met. Besides, the whole reason people get suckered into ponzi schemes is because they promise unusually high returns. Social Security doesn't even come close. It's just a back up plan, like life insurance.
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the last quarter is very important, please support paul.
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@jsamsonite07 no it's not, it's the largest potentially sub-prime market.
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yep, whether he makes President or not, Ron Paul is right on with his slam against
big government. Madoff is just another scapegoat to cover up social security, IRS,
and the beauracratic process of making laws and bringing in more money to the corporation called the USA...Good Ron on your run for President, you have said it all already...
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@ndfootballch The Derivatives market is the largest ponzi-scheme.
jsamsonite07 1 year ago 12
That's pretty ballsy - he just told congress that they are irrelevant. Sadly, they didn't seem to have noticed.
artdeco101010 3 years ago 12