Can I suggest that it should be legal to create a Pnozi scheme, as long as you are up front and absolutely clear that that is what you are doing.
It seems to me that situations like the current one with Hertz are really just Ponzi schemes played out with stocks.
If we could do this legally, I bet you there would be a lot of these, and the ones playing would know what they are in for. (And there would be less incentive to do it illegally).
If Dave Portnoy and Warren Buffet both started a pyramid, who could grow the larger one before bust? Would you buy?
It seems to me that situations like the current one with Hertz are really just Ponzi schemes played out with stocks.
If we could do this legally, I bet you there would be a lot of these, and the ones playing would know what they are in for. (And there would be less incentive to do it illegally).
If Dave Portnoy and Warren Buffet both started a pyramid, who could grow the larger one before bust? Would you buy?