|Hollywoodland||Dec 30 2008|
Kevin Bacon and Kyra Sedgwick reportedly are the latest Tinseltowners taken in by Ponzi-schemer extraordinaire Bernie Madoff. We haven’t touched on the Madoff story here at Pulp Intl. because you can get the info from virtually any paper or website in the world. But when we heard the scandal had snared Kevin Bacon, we went, “Oh, hell no.”
No reports yet how much money the couple lost, but they can take solace from the fact that even luminaries like Steven Spielberg and Jeffrey Katzenberg were fooled by Madoff. In the meantime, we have a feeling financial need might bring that rumored Footloose sequel a little closer to fruition.
Now, on another note, Pulp Intl. would like to present a challenge: Read up on the mechanics of a Ponzi scheme and please inform us how it’s different from the U.S. Federal Reserve. Because try as we might, the only distinction we can see is that when the Fed doesn’t have enough money, it prints more. We’re just saying, that’s all.