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Politics : Politics for Pros- moderated
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To: redfish who wrote (30122)2/17/2004 1:27:44 PM
From: michael97123  Read Replies (2) of 793914
 
Nah,
Actually a commodity trade is an open trade. It is not like you are buying something like a stock or real estate. You open a contract and someone takes the other position. So what was common back then was for the broker representing high bracket liberal hollywood types (or rt winger-haliburton types) to open a contract both sides and put the one who needed the loss on the losing end. All this done for the writeoff. High bracket then was at Kerry levels about 70% so you can see the need for losses to offset gains.
What arkansan brokers did for hillary was essentially the same thing but she wound up on the winning end so as to finance billy boys campaigns. I am sure she was not alone in having done this. No one, and let me repeat no one with a brain trades commodities and makes 100K on their first try with minimal funds. Her claim that she was lucky is a joke perhaps just as kerry's claim on imus that he was unlucky is probably a lie as well. And Republians are no better i am sure. tower-packwood.com
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