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Politics : Clinton's Scandals: Is this corruption the worst ever? -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (12390)	5/13/1999 4:06:00 AM
From: cody andre	Read Replies (1) \| Respond to of 13994

Also, when Bob Rubin "cashed out" his partnership interest in Goldman Sachs ($90-100 million) using a "put warrant" issued by the Hawaiian Trust, he did it tax-free. FORBES had an article on the Hawaiian Trust (forgot its exact name) a few years back. Its investment performance was sub-par. A few days ago, a Federal judge dismissed all 5 trustees for conflicts of interest and turned over control to a local group in Hawaii. There is an obscure law that allows ALL private sector people joining the US government and placing their financial interests in "blind trusts", to be exempt from any short- or long-term capital gains tax. While I consider taxes on both labor and capital aa a major disincentive to investment, this is another example of Beltway "democracy in action". What's good for the gander ...