These people should be in prison.
They would be if they pulled this kind of fraud in the private sector.
A few of them should be in prison too.
You know an example of using compound interest in the best way is Whole Life Insurance the way they use to sell it.
Whole Life was always presented as a savings account. Buy one and it compounds interest. Have it for about 20 years and you break even. Anything after that you are making money. It could turn into a nice little nest egg and that’s good. I am not sure people ever understood this.
Now they are selling term life which gives you nothing unless you die; then someone else gets it.
However, now we have long term compound interest on our debt and it’s eating us alive.