Rep. Alan Grayson loses $18M in stock scheme

The Washington Times ^ | 12/10/2013 | Cheryl K. Chumley

[bandleader]

GOOD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Old Sarge]

[left that other site]

Joining in with your mirth!

HAHAHAHAHAHAHAHAHAHAHA

[Lonesome in Massachussets]

“You can’t cheat an honest man.”

[RitaOK]

A darling of the Marxist Left, this guy will be filthy with funnled, unearned portfolio cash forever. Maybe even from the billion dollar cash grab from JP Morgan, just orchestrated by Holder at Justice.

That wad is strictly in the hands of Obama & Co., Inc. All of their most radical party darlings will reap a fine future.

[Friendofgeorge]

Where did he get the money

[DakotaRed]

I can’t think of a better person to see screwed over by his own greed

[Venturer]

Yes: A Congressman politician who can afford to lose 18 million dollars and he is making laws that effect and you.

He knows nothing of real Americans, but as a rich Democrat he attacks the middle class to give to dregs who refuse to work.

[Gaffer]

Reached at his home, Rep. Grayson exploded, “Those mothereffers! They stole all that money I worked SO hard to steal from the citizens of this country.” “You all don’t realize just how damned hard it is to gin up $18 million off of a $174,000 yearly salary.” “Somebody’s goddamn head is gonna roll over this!”

[The Duke]

Begs the question ... where and how does a congressman accrue such wealth that he can manage to lose so much money?

Actually, a little Wikipedia searching strongly suggests that Grayson earned his money on the up-and-up, as President of a legit Corp. I would just say he was a lucky sucker.

[rktman]

And he’ll be able to do a tax write-off on it no doubt.

[CPT Clay]

Could not have happened to a better guy/

[NeoCaveman]

And he’ll be able to do a tax write-off on it no doubt.

Capital losses can offeset capital gains without limit, after that they can offset $3,000 in ordinary income a year. At that rate he can write off $3,000 a year for the next 6,000 years.

[NeoCaveman]

I had read that his net worth was 16.6 million (and he just lost 18 million of it.)

[Moonman62]

Actually, a little Wikipedia searching strongly suggests that Grayson earned his money on the up-and-up, as President of a legit Corp. I would just say he was a lucky sucker.

He went to Harvard. It's who you know.

[Buckeye McFrog]

Yeah, no kidding! He lost $18 mil yet still has a place to live and food on the table? A 1%er for darned sure.

[traderrob6]

Always think that guy it the front row looks like James Noble.

[DeaconRed]

I will play my teeny tiny violin for him. . . .

Then I will have a good old belly laugh.
Then I will play the violin again and have another laugh.
This will be repeated until I fall asleep. . . .

[Bullish]

Many liberals do nothing but figure out ways to scam the US govt for grant money. I once dated this lady, when I found out she was a liberal and that’s all she did for a living, I dumped her fast.

She made a heck of a good living setting up (barely legal) leftist charities and entities that could get large grants from govt.

[blueunicorn6]

Money laundering.