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09-08-2010 05:30
Ponzi Archive
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PBS: Frontline – The Madoff Affair
The Madoff Affair unravels the story behind the world’s first truly global Ponzi scheme. Who saw the warning signs? Why were they ignored for so long? Billions of dollars were channeled to Madoff’s investment firm, and his feeders became fabulously wealthy. The competition wondered how the man could produce such steady returns in good times [...] -
The Ascent of Money Episode 2: Bonds of War
Niall Ferguson on John Law and his Louisiana territory Ponzi scheme; bond markets support warfare in Europe; globalization accelerates with the economic invasion of the Far East.
