Talk:Neal, James, Fordyce and Down

From Wikipedia, the free encyclopedia
Jump to: navigation, search
WikiProject England (Rated Stub-class, Low-importance)
WikiProject icon This article is within the scope of WikiProject England, a collaborative effort to improve the coverage of England on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.
Stub-Class article Stub  This article has been rated as Stub-Class on the project's quality scale.
 Low  This article has been rated as Low-importance on the project's importance scale.
 

Not a Ponzi[edit]

As far as I can see, Fordyce was not a Ponzi, the distinctive mark of which is paying dividends to old investors with the funds received from new ones. John Law was the great C18 Ponzi - Fordyce was more a Nick Leeson, and, through the Ayr Bank, an over-relaxed property bubble lender, like modern banks. Johnbod (talk) 16:43, 16 April 2009 (UTC)