Wednesday, May 06, 2009

Look closer

I printed out the jpeg that JLM posted of The Boston Post front page breaking the news that Ponzi was a fraud. How ironic is it that on the page where it is revealed that the promised 50% returns in 45 days would never be fulfilled there are at least half a dozen ads from financial institutions promising 5%, or as much as 5 1/2%, per year? Institutions with names like:
• Hanover Trust Company
• The Old South Trust Company
• Fidelity Trust Company
• Metropolitan Trust Company
• Tremont Trust Company
• Cosmopolitan Trust Company
What a quaint era it was.

No comments: