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Wednesday, December 30, 2009 10:08:06 AM
Perhaps, if a person needs a write off for credit?.
In general I doubt this has any bearing for the retailer/small investor less losses are substantial. I never bought or sold because of any tax situation. We have to pay for the gains, and stew on the losses. Getting credit on writeoffs is not the way anyone wants to go, better off spending it.
Guess some of Madoffs victims will get some of the taxes they paid in considering they were paying on paper gains only, their money long gone. These people will be the exception for getting money back he stole if they invested with him directly. Feeder funds are suppose to not be included, but, "one Congressman" is trying to change this since he was invested thru a feeder fund. He believes he to should get some of his money back. If this be the rule it should cover every investor everywhere.
It appears that its business as usual within the SEC, should this surprise anyone?..............."WHAT HAPPENED TO THIS CHANGE WE HEARD ABOUT FOR WHAT 2 SOLID YEARS?"......... More lobbyist, more money spread around, and more golden opportunities for the good ole belt way boys.........and girls.
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