>>>
http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest>>
>>Perhaps the Ponzi scheme should be given a new name?
>
>Or switch to more consumer friendly names - stock market or real-estate market - same things.
Just in case it wasn't clear, the Ponzi scheme was named after Charles Ponzi - who did this kind of fraud, but apparently on a smaller scale. Nor was Mr. Ponzi the first to do this kind of thing, just a famous case.
So, the suggested name change would be to "Madoff scheme". But I don't seriously think such a name would stick.
Difference in opinions hath cost many millions of lives: for instance, whether flesh be bread, or bread be flesh; whether whistling be a vice or a virtue; whether it be better to kiss a post, or throw it into the fire... (from Gulliver's Travels)
