NSAV Holding Inc (NSAV)

[Russ49]

When it comes to a publicly traded company, everything has to be out in the open. That's what the Securities and Exchange Act of 1934 is all about. It prevented lots of insider stuff going on as well as corruption. Did you know that Joseph Kennedy, the father of JFK and the rest of the gang, manipulated the market prior to the 1929 crash? He made millions, then sold everything. Days later, the market crashed. It was because of people like him that the laws were written. He was a young smart guy out of Harvard Business School and learned the tricks.

If you own your own company, and it is private, ie no shares, you can use it as a piggy bank. You still have to keep records though and file business and personal income taxes. If you take money out without reporting it, you can be found guilty of tax evasion. Listen, they have thought of about everything. The government knows that people will try to do this stuff, and there are laws against it. That said, under the Bush Admin, and all Republican administrations, regulations are relaxed. (This is a cardinal rule for Republicans. Deregulate, deregulate, deregulate!) That results in more corruption and Wall St. nonsense. If you don't like the current mess we are in, you should want the criminals to be more regulated, not less. You can't take speed limit signs down and expect everyone to drive 55mph.