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Republican Senator John Kennedy Calls Banks Sophisticated Ponzi Schemes
By Henry Kanapi at 2026-05-05 08:05
Sentiment: Unknown
A Republican senator says that advancements in technology is exposing the fragility of the US banking system. In a new CNBC interview, Louisiana Senator John Kennedy says banks today are no different than the scheme ran by Italian con artist Charles Ponzi over 100 years ago. According to Kennedy, banks can only survive on the basis […] The post Republican Senator John Kennedy Calls Banks Sophisticated Ponzi Schemes appeared first on The Daily Hodl. Continue reading...
Categories: Scams, Schemes and Hacks
Tags: #Scams # Schemes and Hacks #banks #News #Ponzi Schemes
Source The Daily Hodl