Madoff wth millions

Bernie Madoff (pronounced "MADE off"), former head of the NASDAQ. A $50 billion Ponzi scheme. Need I say more? Could this guy have a more perfect name?

I mean, sure, the evidence may or may not be there, and there's no guilty verdict by any means. At the same time, it's hard to swallow this kind of news. I think there's a lot more corruption and underhandedness going on behind the economic scenes; the whole system really seems like a big ol' pyramid scheme. Look at property ownership and values -- you have people paying two to three times the monthly payment of their neighbors who bought their homes just five to ten years earlier. That to me makes no sense! The whole flipping of houses that people like to do, the buying the largest house they can afford, all this helps cause the large wave of overpricing that we face these days.

And then these sorts of cronies running stock exchanges. Feh.

Glad I have no investments. But, man, I can't help thinking every now and again that I went to the wrong school of ethics.