Wow! I thought OBAMA was above the frey. I guess he fooled alot of people...didn't he?

Obama And That Other Ponzi Scheme
President-elect's name may emerge in Norman Hsu fraud trial


DECEMBER 31--As if being linked to one high-profile criminal case weren't enough, President-elect Barack Obama's name may soon pop up in another federal prosecution, this one involving a massive Ponzi scheme (no, the other massive Ponzi scheme).

In addition to the Rod Blagojevich pay-for-play probe, Obama could figure in the upcoming fraud trial of Norman Hsu, the disgraced Democratic fundraiser who was charged last year with operating a $60 million pyramid scheme. According to investigators, Hsu, a major Hillary Clinton fundraiser, pressured investors to donate money to political candidates with whom he was aligned.

In a letter last week to U.S. District Court Judge Victor Marrero, Hsu's lawyer, Martin Cohen, requested a 60-day delay in the start of Hsu's trial, scheduled to open January 12 (Cohen cited the "extraordinary level of negative publicity" generated by the recent arrest of alleged Ponzi schemer Bernard Madoff). In his December 22 letter, a copy of which you'll find below, Cohen also noted that Hsu was already "notorious for his political activities" and that it was "inevitable" that his client's "connections" to Bill and Hillary Clinton "and other democratic notables--including perhaps the president-elect--will be introduced at trial."

Before becoming a key fundraiser for Hillary Clinton's presidential bid, Hsu co-hosted a 2005 California fundraiser for Obama's political action committee and introduced the Illinois Democrat to Marc Gorenberg, a Silicon Valley venture capitalist who later joined the Obama campaign's national finance committee. Prosecutors allege that Hsu directed his investors to donate money to specific candidates, and then reimbursed them in violation of federal campaign laws. Unswayed by Cohen's argument, Marrero declined to delay the trial, which will begin a week before Obama's inauguration. (6 pages)


http://www.thesmokinggun.com/archive/years/2008/1231082hsu1.html

No offense, but we've been forced to take part in the largest ponzi scheme of all time.

Social Security.

I thought it was promised to Americans that the good grace of Social Security is voluntary...

But you're right, that was how the scam began. By the time you and I went to work, our parents (the great generation) charged so much on a family credit, that we didn't even have the choice of participation in Social Security. We were sold into the slavery before we were even born.

I kind of like the feeling of being a slave. It's the feeling of standing firmly on the hard rock bottom, and knowing that it can't be any worse.

- How about you?