Cramer: Social Security a Bigger Ponzi Scheme than Madoff's

Details: Written by: Alex Pugliese; Category: Selected Blogs; Created: December 28, 2008

Mad Money' host says federal entitlement program operates in the same manner as Madoff's scam

By Jeff Poor
Business & Media Institute
12/18/2008 9:21:07 AM

Love him or hate him, this time Jim Cramer makes a good point.

While some in the media have expressed fury over allegations that Bernard Madoff ran a Ponzi scheme that may have cost investors up to $50 billion, CNBC’s “Mad Money” host Jim Cramer made another point.