That was 4 years ago. The guy is worth several million. A potential payoff of 50k, or even 150k doesn’t strike me as incentive for the guy to crash the economy, considering the rest of his assets will lose far more value. Wherever the rest of his money is, be it in stocks, bonds, treasuries, shoeboxes, or real estate, it’d plummet in value if the economy tanked.
Honestly, I doubt the guy even manages his investments himself.
Thanks, I really didn’t know. (Perhaps I should have assumed a Congressman opposed to taxing the rich was rich!)
That the investment is unimportant in size to him makes it all the odder he would indulge in the questionable morality but, as you suggest, it might not even be his idea.
It’s off-topic here, but I’m still curious: For those who say Congressmen are controlled by lobbyists, is there a lobby group actively pushing for loss of Treasury’s AAA rating?
An article on the front page of the Wall Street Journal today (9/26) declared that gold is not the hedge, dividend stocks are. It’sthis article, feel free to subscribe if you want, I just looked at a hardcopy myself.
I’d like to point out that is basically what I said months ago
Now the big question is: What is the demand for gold while the price is dropping?
If you bought gold at less than $1000 an oz., you should have plenty of time to cash out. The more you paid, the less chance you have of getting your money back. Sounds like a perfect opportunity for someone in the loop to buy a lot of undervalued gold in the near future.
