On the recordOctober 25, 2011
the CLASS Act as a 'Ponzi scheme of the first order,' as the gentleman from Pennsylvania mentioned when he was quoting him, 'the kind of thing that Bernie Madoff would have been proud of.'
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congress.govCliff Stearns: “the CLASS Act as a 'Ponzi scheme of the first order,' as the gentleman from Pennsylvania mentioned when he was quoting…”
Editor's note · Context
Stearns quotes Kent Conrad, criticizing the CLASS Act's financial viability.
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