Monday, May 01, 2006

The ‘Mad Dash For The Exits?’

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The ‘Mad Dash For The Exits?’

There was an outstanding graphic in Sunday's New York Times by HUBERT B. HERRING.
A pyramid scheme, with each new round of players making earlier rounds richer, is a foolproof way to make money — until it isn't. What is the breaking point? Probably about the time some spoilsport whispers "pyramid scheme," and there's a mad dash for the exits.
-- The Boy in the Big Housing Bubble/Los Angeles and Beyond