Oh, my. Several people who have heard the full 47% quote tell me they are not likely to vote for Romney. Especially some friends living on modest, mostly SS benefits in their old age.
I doubt they heard the full quote, that tape was edited
I heard the entire quote, and it’s meaning was obvious to me, so the fact it’s that people are deliberately distorting the meaning. He clearly meant that he was not concerned in their VOTES, because he was never going to change their mind.
I wonder if this is the same Michael Zucker....a stock broker from Scarsdale (years earlier than now).....
Individual Disciplined for Creating Misleading Appearance of Market and/or Active Trading
Michael Zucker of Scarsdale, N.Y., a former managing director of block trading at a member firm, consented without admitting or denying guilt to findings relating to his trading in two securities, formerly listed and traded on the NYSE, in April 1998. Perhaps a relocation to Tahoe to start anew?
An NYSE hearing panel found that Zucker’s member-firm employer used “focus lists,” (that is, lists of issuers that the firm believed could generate future business for the firm, including future underwriting business) and that the firm’s traders were encouraged and expected to capture the highest percentage of trading volume in the securities of focus list-issuers by soliciting firm customers for order flow in focus list-securities, by trading such securities on a proprietary basis when there was no natural order flow, and by advertising the firm’s interest in providing liquidity in the securities.
The panel found that on April 8, 1998, in one of the stocks, and on April 9, 1998, in the other, Zucker entered orders to buy the security with the knowledge that orders to sell shares of the same security would be entered for substantially the same size, at substantially the same time, and at substantially the same price. The hearing panel found that Zucker’s trading had the effect of creating a false and misleading appearance of the market and/or active trading in the securities.
The NYSE imposed a penalty of a censure and $45,000 fine. Zucker consented to the penalty.