2nd Place Is The First...

Conviction, apparently. While a number of people are reporting that Bernie Madoff ran the largest Ponzi scheme in US history, this is obviously incorrect. As my lovely, talented, and absent coblogger pointed out in conversation this morning, Social Security is still the undisputed heavyweight champion in the Ponzi scheme standings.

Let's review. Sucker people into giving you their money for a Ponzi scheme, go to jail. Extract money from people at gunpoint to prop up your already existing and demographically unsunstainable Ponzi scheme, nobody cares. File this one in the folder marked "Only okay if the gummint does it" and call it good.

In the meantime, how's your retirement looking? Mine is looking less and less likely, thanks.