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LINDSEY VONN
CNBC.com web-only interview
Downhill skier Lindsay Vonn

US stock market is a 'Ponzi scheme': Pro

Monday, 22 Jul 2013 | 9:10 PM ET

Ron Heller, CEO of Peritus Asset Management, says the U.S. equity market is a dangerous Ponzi scheme: a fraudulent investment operation that only delivers margin expansion, not growth.