Madoff: "US is a Ponzi scheme" (The Greatest Wealth Transfer in History)

For most of the United States, Bernie Madoff is a monster for his involvement of swindling and cheating people and charities out millions of dollars. Recently, he made statements from his jail cell even calling the whole government a Ponzi scheme. Economist Max Fraad Wolff says I think it suggests that if you do well enough in the financial industry, people have a tendency not to ask questions until it is too late.