(3 comments) Wednesday, July 18, 2012 It Appears That The Madoff Scam Was Not, Repeat Not, A Ponzi Scheme.
For 3 1/2 years I have conceded, as apparently did everyone else that Madoff was a Ponzi scheme. In the last few weeks however, I have come to think that Madoff was not a Ponzi scheme. The reasons for this view are discussed in the attached blog.
(1 comments) Thursday, November 4, 2010 The President Who "Makes Nice" And Lacks Judgment.
The President who "makes nice" and lacks judgment.
Two years ago I thought Obama was one of the smartest men, and conceivably the best speaker, ever to enter the White House. Today my main impression is that, for all his intellectual smarts, he is horribly lacking in judgment. Crassly put, he is a fool.