Posted on 10/03/2016 11:46:02 AM PDT by mononymous
Previously posted here:
http://freerepublic.com/focus/f-news/3429675/posts
But it is the last paragraph of the article that is of relevance, vis-a-vis Mr. Trump's tax return; here is what it says:
"The one silver lining for the fund’s investors from all of this is that they will have a somewhat larger tax loss on investments to claim next year."
(Excerpt) Read more at nytimes.com ...
Even with the tax breaks, those investors will be taking a major bath. Why would anyone ever invest with this incompetent again?
So do Bill and Hillary also cash in on the ill-conceived Greek investment? The buzz is the two kindly in-laws pulled out all the stops to help the hedge/fund-challenged Mezvinsky.Read on.
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When Chelsea Clinton's husband started a hedge fund, he gained access to investors who had ties to the Clintons and to Goldman Sachs. Back in 2011, Mezvinsky, now 37, and two former Goldman Sachs'ers — Bennett Grau and Mark Mallon — began raising money for Mezvinsky's Eaglevale Partners LP hedge fund.
Some of Mezvinsky's "investors" included Goldman Sachs CEO Lloyd Blankfein. Blankfein, a slavish Democrat supporter, said he had "always been a fan of Hillary Clinton."
The WSJ reported extensively on the hedge fund's underperformance since its inception and Mezvinsky's mediocre investing and strategizing.
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THIS JUST IN---Bloomberg is reporting G/S's CEO Lloyd Blankfien is a newly-minted billionaire---and also has his own Foundation.
Mmmmmmmm....the sound of wire-transfers is almost palpable.
The IRS says the biggest tax evasion fraud is one Foundation writing a check to another Foundation. The check receiver takes a cut, then wire-transfers the bulk to an offshore bank for the check-writer's use later ----- the way these "humanitarians" skim off-tax free dollars for themselves.
Probably won't, but I'm sure being related to the Clintons was a draw for some of the investors. Probably thought he was ‘plugged in’. Thing is, no matter how much a bath those people will take in this, this guy and Chelsea will continue living in a huge 11 million dollar apartment/condo in NYC, and you know they won't be eating Hamburger Helper or vacationing at a campground.
Trump campaign can use this to reset the conversation.
My take on why Trump hasn’t released tax returns is he couldn’t control the narrative. If Hillary is running on the Marxist platform of take from the rich, her voters will not be persuaded one way or the other.
It’s the American undecided who has never filed a Schedule C, etc., that needs some tax law education. The ones who are not taken in by phony Marxist rhetoric. Now the stage is set. If Trump can be very articulate.
I have been somewhat disappointed that the defense of Trump using carry-forward losses seems to be based on a “well it’s legal” meme. There’s a good reason why carry-forward losses are legal ... because it’s also MORAL!
For example, if a company has 10 division, 9 of which make 100 million in profits each, but the 10th one has a net loss of 900 million, how much tax SHOULD the company pay on an annual combined net income of ZERO! And why should it be any different for losses in an earlier year and gains in later years? To do otherwise would mean a tax code that essentially confiscates the money you have rather than, over time, taxes the money you earn.
An entrepreneur who puts his own money at risk will have to pay heavy taxes if that gamble pays off over time. So of course any loss of capital in a bad year should be allowed to offset any increase in capital in future years, so that over the long term the only money that is taxed is the net increase in capital.
That’s a fairly simple concept to explain and to understand, and this would be a good opportunity for the Trump campaign to use to explain this to those who do not, to defend the MORALITY of using carry-forward losses, rather than making sound like he is excusing an unfair loophole based on mere legality.
Also, aside from morality it’s also a sound pro-growth strategy, given that nearly half of all new businesses will fail - and the rest almost always lose money for a year or more before becoming profitable. So if those carry-forward loss provisions were taken away, you’d see a sharp decline in the number of entrepreneurs willing to put a significant portion of their accumulated wealth at risk in order to start a new business, since any losses from failures or even initial-year losses could not be recouped by offsetting those against future profits.
And yes, it is and SHOULD BE different for business owners than for wage earners, since there really is no such thing as negative wages in any tax year.
This is a great opportunity to educate the public on this issue and I truly hope our side starts doing exactly that.
AND THIS---(Excerpt) Read more at judicialwatch.org ... On September 15, in a telephone call with then-Egyptian Foreign Minister Mohamed Amr, Secy Clinton emphatically portrayed the “stupid, very offensive film” as the root cause of the Benghazi violence. Clinton told Amr, “I have repeatedly, as has the President and other officials in our government, deplored not only the content of this stupid, very offensive film… But we have to exercise more self-discipline… otherwise we’ll be in a vicious downward circle against everyone who has ever felt offended, particularly on the internet….”
After referring to Benghazi, Secy Clinton’s telephone call with then-Egyptian Foreign Minister Mohamed Amr also contained a curious reference to what the former secretary referred to as a “very successful investment visit led by my deputy Tom Nides, and on the very day they left, this series of incidents began to unfold.”
According to the Washington Post, Nides, who was deputy secretary for management and resources at the State Department, was at the same time responsible for “communications with donors” to the Clinton Foundation. Nides was also involved in the earlier scandal involving Clinton’s efforts to provide special access to State Department officials for hedge fund clients of her son-in-law, Marc Mezvinsky.
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Mezvinsky's $325 million basket of offshore funds under the Eaglevale Partners hedge fund lost tens of millions of dollars. Mezvinsky's exclusive Greek debt fund suffered near-total losses....and ended up shuttering the disastrous hedger.
It takes a special kind of stupid for Mezvinsky to drop that much cash trading on good inside information from Hillary and the State Dept gofers. Then again, "special kid of stupid"....sure does describe the Mezvinsky family. Read on.
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Chelsea's FIL, Ed Mezvinsky, is a former Democratic congressman; he sat on the House Judiciary Committee that decided the fate of Richard Nixon. He was outspoken, saying that Nixon was a crook and a disgrace to politics and the nation and should be impeached.
Later, Mezvinsky served seven years in a federal prison for stealing money from his friends, family and associates through a series of crude Nigerian-based scams. Sap-happy Mezvinsky was targeted as a likely subject for the infamous Nigerian black ink scam.
Edward, a lawyer, was married when he met Chelsea's MIL, Marjorie----they soon got married---but divorced after Edward got conned into several notorious Nigerian-based email financial frauds guaranteed to make you rich.
In his haste to get rich quick, to raise money to get in on these "heaven-sent" investment schemes, Edward defrauded many of his friends and business contacts.....including Marjorie's mother.
Alas, when the Nigerians got their hands on Ed's money, they did a 23-skidoo. Having failed to come up w/ payback, Edward got nabbed by the long arm of the law. Mezvinsky pleaded guilty to 31 of 69 felony counts. He did hard time----spent 7+ years in a federal prison w/ no chance of parole, and still owes $10 million in restitution.
Democrat Congressional 2014 candidate Marjory Margolies is also no stranger to the dollar disease. Because of her husband's felony convictions, she filed for bankruptcy. But the court would NOT discharge her of her debts, finding that she could NOT explain where some $1 million in assets had vanished, in the previous 4 year span...during Mezvitsky's crime spree.
In their heyday, Ed Mezvinsky and then-wife Marjorie, herself a former Democratic congresswoman from Pennsylvania (an ex-TV reporter---and recent election loser), were part of the political and social elite in Philadelphia.
The Mezvinskys were close to Bill and Hillary Clinton and were frequent guests at the White House. Prosecutors say Mezvinsky exploited his ties to the Clintons, including his son's relationship with Chelsea, to woo investors to contribute more money to the Nigerian schemes.
In an interview with Des Moines Register from prison in 2003, Mezvinsky said he found the notoriously fraudulent Nigerian Black Ink scam "convincing."
"The Nigerian man came out with a chemical, threw it on the money, and it all turned to $100 bills. He gave me 10 to have them tested back home. And they were real," Mezvinsky told a reporter.
LOSSES GALORE: 2014 candidate Marjorie was flacked by the Clintons but lost her bid to get back into Congress.
“The IRS says the biggest tax evasion fraud is one Foundation writing a check to another Foundation.”
Thanks, Liz. Didn’t know that’s the way Clinton’s et. al. are saving their ill gotten gains. Very interesting. Of course, the line about Al Capone and RICO comes to mind if Trump replaces the head of the IRS. If not, Hillary’s IRS will be even more vicious than Obama’s.
The firm, which manages about $330 million in total, is down 1 percent on the year, which is slightly worse than average for hedge funds. Since its inception, Eaglevale has posted what the New York Times described as “uneven performance.” Mezvinsky’s financial trouble is unlikely to concern wife Chelsea, who has said she could never bring herself to care about money. That didn’t stop her from turning down a $600,000 annual salary at NBC News to do basically nothing except interview the Geico gecko from time to time.
The money-losing couple lives in a luxury $10 million luxury condo in Manhattan’s trendy Flatiron District.
Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
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AND THIS---Can you say money-laundering? L/E investigating pedopjile Epstein's books found Bill Clinton And Teneo honcho, Doug Band listed / some twenty three tele nos and email addies.
L/E recognizes multiple communications as evidence of money-laundering.
Liz, I read the whole post. When Hillary tells the Egyptian that she’s had an investment of unknown kind, I immediately wondered if it had to do with Libyan gold reserves? We’ve focused so much on arms smuggling, but Hillary’s biggest love in life is wealth. Any info about this?
BACKSTORY Sid Blumenthal was the conniving Clintons' bagman---a $325,000 employee of the Clinton Foundation, he promoted dubious foreign deals and schemes in which he had a financial interest.
Blumenthal was ambidextrous---emailing Libya foreign policy messages w/ one hand....his other hand firmly in the State Dept cookie jar.
In one confidential e-mail to Clinton, Blumenthal was clearly colluding w/ onetime Amb Joe Wilson to help himself to the cookie jar.
GAME ON Wilson pumped himself as a 'director' of Symbion Power---an outfit seeking millions of dollars in contracts from an obscure government agency chaired by Hillary....the Millennium Challenge Corp. (MCC)
In September 2010, Hillary's MCC awarded Symbion $47 million tax dollars for (cough) 'power projects in Tanzania.'
EVER WONDER how much of the $47 million tax dollars got to Tanzania....after the players divvied it up among Blumenthal, Wilson, the Clintons, Obama?
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FREEPER ACTION PROJECT--DO THIS NOW: demand the Millennium Challenge Corporation (MCC) books be opened. We demand to know the financial details and the scope and dimension of individuals connected to these outrageous State Dept giveaways.........govt parasites profiting at taxayers' expense.
CONTACT CONGRESS HERE---http://www.contactingthecongress.org/
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NOTE The State Dept Millenium slush fund is also the source of the 100 million dollars Obama gave Michelle to give Morocco "to teach Muslim girls."
Money laundering to Clinton. How else did Chelsea get that $10 million condo?
He laundered the money from Goldman Sachs/ Clinton Foundation and skimmed millions off the top for himself to use after divorcing Chelsea.
Tonight, as mother nature returns to the poor island of Haiti, my mind goes to memories of the Clinton Foundation helping down there. On tv tonight, I see there are thousands of Haitians still living in flimsy huts or tents who quite likely are dying as I type. Absolutely as tragic a spectacle as can be imagined. Looking at these videos, I thought, buildings could have been constructed over the last 6 years using a fraction of the charitable Clinton Foundation income.
When the world awakens to the news of Haiti's losses, someone needs to call those Clintons on their phony charity. Had they handed their money to Trump, he would have had the now dying/suffering people safely housed in modern buildings.
But, no, the Clintons did what for Haiti? What did these globetrotters do? Mrs. Obama, too, made a stop over there on the way to Mexico, for a photo op, It's all in the Wikileaks HRC emails. More on the way supposedly later as Hurricane Matthew wreaks havoc on “the poorest nation in the world”!
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