Regular readers of this blog know that I have been talking about Madoff and Ponzi schemes in general for a while now. I also have two children aged 4 and 2, so Sesame Street is big in our house. Mostly the boys are Elmo fans, but this time Ernie and Cookie Monster hit it out of the park with this explanation of Madoff's Ponzi scheme. Sometimes it takes puppets to explain things that many grown-ups didn't get.
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