Monday, October 22, 2018
A simple BIG explanation
Mainly for my own future reference:
This discussion of Tesla frauds includes a clear and simple explanation of a BIG problem that is almost never heard in public.
"The SEC [also] turned its head the other way on the Madoff Ponzi scheme. That's because Wall St was making a FORTUNE in fees off Madoff's account. Same deal with $TSLA. $GS and $MS are both making a fortune on TSLA funding deals."
Outsiders (like me) don't know about the fees and commissions taken by the various middlemen of Wall Street or other industries, so we aren't disturbed when the standard explanations conveniently omit these fees. There's a similar situation in the medical racket, where Pharmacy Benefit Managers, totally unknown to ordinary patients, are the real profiteers and controllers of the system.
¶ 2:23 PM 
