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To: HamiltonJay
Yes, but your scheme shoots both the sheep AND the wolves.

You would raise taxes both on hedgers and on small specs, NEITHER of whom are contributing to the problem. Until you limit your notions to suspending IRS Section 1056 for big specs (Form 50 filers) only, you'll get no support from me.

Also, don't kid yourself m'friend. I've known personally half a dozen of these hot-money fund managers, and they'll liquidate a position in one country and re-establish the same or an equivalent position in a different country in less time than it takes to drink a cup of coffee. And they'll do it even faster if they'v a positive economic incentive -- such as vastly higher margins -- to do so. And they'll do it TO A MAN, because their performance reviews depend considerably on not letting their competitors get the jump on them.

To think otherwise is perhaps pleasant, but it's a bloody pipe dream. That ain't the way THIS world works, mate.

36 posted on 05/23/2008 2:45:26 PM PDT by SAJ
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To: SAJ

I think I’ve followed you so far but ... why not the hedge funds ? If Goldman Sachs is running the hedge fund, doesn’t that count as a “big spec” ? If not why not ? (trying to learn something here!)

Thanks for all your info.


43 posted on 05/24/2008 9:17:47 AM PDT by nicola_tesla ("Life is Tough... It's Worse When You're Stupid".... John Wayne)
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