Hi Mike, thank you for responding.
FIRST: I never meant "literal" ponzi scheme. I know what an "actual" ponzi scheme is. I was using the term figuratively. Here's why:
When you say "BofA took excess risk and had a weaker balance sheet" I know exactly what you mean. The general public does not. Framing in terms of "ponzi" as a generic descriptor of fraud where people are paying far more for an "investment" that it is actually work is well described as a pyramid or ponzi scheme.
Having said that, I also remind mysefl that I'm on a crusaide against "false news" and "fake memes". Thus I should scold myself for not SPECIFYING that I was using the word ponzi in a figurative way.
Thank you again.