Political Quotes

GARY G. MILLER: A Ponzi scheme is, as a matter of law, insolvent from its inception.

On the recordMarch 6, 2012
A Ponzi scheme is, as a matter of law, insolvent from its inception.
Said by
GARY G. MILLER
California

Editor's note · Context

Miller explains the legal status of Ponzi schemes in relation to coverage.

Share

More from GARY G. MILLER

Jun 25, 2013

Yet, by requiring this Davis-Bacon mandate, we are beating up the price of apartments and condos and townhomes by 20 to 25 percent.

congress.gov
Dec 2, 2013

NAFCU believes that any relief efforts should not bifurcate the industry by asset size and would not support such an approach.

congress.gov
Jul 23, 2012

The rules being proposed are bank-centric and do not take into account the fundamental differences between how banks and insurance companies operate.

congress.gov
Jun 11, 2013

I don't think anybody is going to defend the concept of the structure of the GSEs to believe that the taxpayer should be put at risk, yet the private sector should make the profits.

congress.gov

Other voices in this conversation