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Podcast: This Week in Tech with Jeanne Destro
Episode: What's In Your Portfolio? Another Wall Street Fad Fizzles
Description: Financial schemes, scams, and outright swindles are nothing new, with examples dating back hundreds of years, including the TulipΒ speculative bubble of the early 1600's, and the South Sea Scandal of 1720.Β
Fast forward to more recent times, to Bernie Madoff's gigantic Ponzi scheme, which was discovered in 2008, earned him a 150 year federal prison sentence, to the sub-prime mortgage crisis that spurred a severe economic recession between 2007 and 2010.
With all that in mind, I recently read a fascinating opinion piece in The Washington Post, about a type of investment that has been pretty popular over the past few years, but has no...