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by anonymoushn 1132 days ago
we need not confuse blowing up one's own portfolio with stealing ten billion dollars
2 comments

Far more money has probably been stolen with the "heads I win, tails you lose" approach -- just put on massive leverage and stick someone else with the bill if it blows up -- than has been stolen by all the Ponzi schemes in history.
we need not confuse the legitimacy or illegitimacy with the characters involved, since they both mismanaged capital and business