http://www.contrarianprofits.com/articles/the-dual-distraction-strategy-madoff-and-executive-pay/12946 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 18 May 2010 05:09:46 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.contrarianprofits.com/articles/the-dual-distraction-strategy-madoff-and-executive-pay/12946/comment-page-1#comment-12309 Peter Canning Thu, 05 Feb 2009 16:26:56 +0000 http://www.contrarianprofits.com/?p=12946#comment-12309 not true, the Madoff case is not a distraction, it is a paradigm, a model of how the bubble was in fact a giant Ponzi scheme with early investors getting in and getting out with big profits and later investors and home-buyers left holding the (empty) bag. Krugman has already made this case -- but he did not mention that the housing-bubble Ponzi was unconscious, that is, its "victims" and "perpetrators" (who were indistinguishable) did not know what they were doing, and did not want to know (were in denial). not true, the Madoff case is not a distraction, it is a paradigm, a model of how the bubble was in fact a giant Ponzi scheme with early investors getting in and getting out with big profits and later investors and home-buyers left holding the (empty) bag. Krugman has already made this case — but he did not mention that the housing-bubble Ponzi was unconscious, that is, its "victims" and "perpetrators" (who were indistinguishable) did not know what they were doing, and did not want to know (were in denial).

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