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	<title><![CDATA[Modern-Day Pyramids]]></title>
	<url>http://www.huffingtonpost.com/bob-franken/modern-day-pyramids_b_150781.html</url>
	<abstract><![CDATA[<p>I don't really understand why we're paying so much attention to Bernard Madoff.</p>

<p>Oh sure sure, if the charges are accurate, the collapse of his Ponzi scheme might just put him in the Fraud Hall of Fame.</p>

<p>But he'll have plenty of company. In the world of finance, however, it's probably more accurate to say he will achieve new heights in the realm of <em>illegal</em> fraud.</p>

<p>As we're discovering, almost the entire economy is the moral equivalent of a Ponzi scheme.</p>

<p>Hyperbole? Well, let's...</p>]]></abstract>
	<taxonomy><![CDATA[Business]]></taxonomy>
	<date_published>2009-01-13T05:12:00-05:00</date_published>
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