The reason we have banking regulations is because... ...the 19th century was Sarah Howe, who ran a Ponzi scheme 40 years before Charles Ponzi gave it a name. The...
https://www.neatorama.com/2018/05/15/The-Ladies-Deposit-The-19th-Century-Ponzi-Scheme-by-Women-for-Women/
The Ladies' Deposit: The 19th-Century Ponzi Scheme by Women, for Women
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