A new Bernie Madoff in the Lakes Region?

SumoDog · 11-18-2009, 09:44 PM

I forget who once said it - but if we do not learn from past mistakes we will continue to repeat them - how many times does greed have to take over common sense and people lose everything - whatever happen to strong, sound investments with solid returns - General Electric, IBM, Intel Microsoft et al - we see what they make - how can supposedly intelligent people keep getting trapped by fly by night 15% returns - I love money - but if someone said they could get me 15% - I would run - it makes no sense - but keeps happening over and over again. My heart goes out to those who lost out - but sit back and take your lumps - it was your decision.

11-18-2009, 09:44 PM	#11
SumoDog Member Join Date: May 2009 Posts: 22 Thanks: 0 Thanked 4 Times in 3 Posts	Ponzi Scheme I forget who once said it - but if we do not learn from past mistakes we will continue to repeat them - how many times does greed have to take over common sense and people lose everything - whatever happen to strong, sound investments with solid returns - General Electric, IBM, Intel Microsoft et al - we see what they make - how can supposedly intelligent people keep getting trapped by fly by night 15% returns - I love money - but if someone said they could get me 15% - I would run - it makes no sense - but keeps happening over and over again. My heart goes out to those who lost out - but sit back and take your lumps - it was your decision.

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