1. 

   crgarcia

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   They use late deposits (in this case gov't funds) to pay earlier deposits?

    

   #1     Jan 6, 2009

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2. 

   crash n burn

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   have you heard of the fractional reserve banking system?
   
   so, ponzi is the essence of the system not only now...
   
   http://en.wikipedia.org/wiki/Fractional-reserve_banking

    

   #2     Jan 6, 2009

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