Disclosure: This post is both broad and detailed so that interested analysts and journalists can gather key facts and form their own opinion. Reviewing incredible schemes such as this orchestrated by Robert Mercer and Jim Simons often attract teams of analysts and reporters. This post is original fact checked independent research available free on … Continue reading How Trump Patron Robert Mercer Brilliantly Shifts Assets From The Main Street Economy, Beer Sales, Into What Bloomberg Calls “The Blackest Box in Finance.” Is Mercer indeed, like Trump, under severe financial stress?
Doris is 85 and suffers from moisture build up in her eye, what some call wet eye. She is on Medicare and gets treated with Eylea, a Regeneron product, every 4-5 weeks. Each treatment costing $6,200. That is more than $70,000 per year even though Doris never made more than $40,000 while working. … Continue reading Regeneron’s Eylea: Pulling Open the Curtain on Drug Costs
See Latest Post on Nov 27 For Significant Updates After Release of the "Paradise Papers" - Access Via Blog Search for Trump Patron President Trump's most significant backer, Robert Mercer (CEO of the giant hedge fund Renaissance Technologies), is Deutsche Bank's largest customer. Deutsche Bank is indeed also President Trump's and Jared Kushner's largest … Continue reading Deutsche Bank: Where Robert Mercer, Jared Kushner, Donald Trump, Robert Mueller and Russia Converge. Was Trump’s Run for President an Attempt to Stave off Bankruptcy?
In 2012 I reviewed Mitt Romney's IRA for Mark Maremont of the Wall St. Journal, explaining the mechanics regarding how he amassed $100 million in this tax deferred account. This and related follow up stories in other publications after Maremont broke the story prompted the Senate Finance Committee to commission the Government Accounting Office (GAO) … Continue reading Creating Large IRA Balances by Manipulating Stock Values, Example YELP, Par Value .000001
Disclosure: Intel is currently the largest single individual equity holding in both my personal and most of my clients' portfolios. No shares will be recommended for sale based upon this original research. Intel CEO Brian Krzanich The purpose of this post, which will be accompanied with an email directly to top management, is to … Continue reading Intel Q4 2013 Earnings – Time to Fix Pension Plan
The following letter was sent to SEC Chair Mary Schapiro and IRS Commissioner Doug Shulman on "tax day" with the hope they will jointly work at restoring the integrity of cash flow statements, without question the most important analytical tool for investment advisors like myself. It is simply astonishing, given their material nature, that listed … Continue reading Letter to SEC Chair and IRS Commissioner – Tax Deduction Pyramid Scheme
Prior to the fractions rule, investors were investing $1 in order to get $5 to $7 in tax deductions. President Reagan was so incensed that he signed into law new legislation, the "fractions rule," specifically designed to end this scheme. During this period no firm was more abusive with respect to tax avoidance than General … Continue reading Blackstone’s Tax Engineers, Inspired by General Electric, Attempt to Repeal The Fractions Rule
Note (Not Copyrighted) : This basic post was updated December 10, 2010 given the current debate in Congress over extending the Bush tax cuts and numerous inquires regarding my position in this debate. The purpose of this post is to highlight that although rates are important, perhaps more important are overall fairness issues associated with … Continue reading Blackstone Group LP – Private Equity or Public Theft? Undermining the Volcker Rule’s Intent. SEC 10K Fails to Disclose All Important “Fractions Rule” Involving Tax Exempt Public Pension Investors