By the way, John Cesario's beloved TAUG was running a Ponzi scheme. They would borrow from a new death spiral to partially pay for monies advanced by the older death spiral. The new monies would be used to pay for interest and penalties, while the old death spiral was able to hold TAUG hostage over the original principal.
And that type of activity is what the iHub bashers wrongly accuse Mr. Berman and DECN of every day.
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