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fractional reserve banking

Economy

The Greatest Ponzi Scheme of All

by Richard Warren | December 22, 2008

Bernard Madoff swindled clients to the tune of $50 Billion in the recently revealed “ponzi” scheme. How could this have happened? How could supposedly sophisticated investors have been duped on such a grand scale?

It seemed that either no one was watching or the warning signs went unheeded. But you couldn’t blame them, nothing like this [...]

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