Word: one
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...world where one man who clearly violates the tax law gets elected mayor of New York while another gets put out of business and sentenced to jail, it's worth a few moments to try to discern what's going...
...thing, but the jury was not allowed to hear this because the judge accepted the Government's argument that his views might blur the issue.) Regan's trades were part of a hedging strategy under which you buy and sell related securities at the same time. You lose on one and gain on the other, but if you've done the math right, you'll usually lose a little less than you gain. Yippee! But you've got to keep your transaction costs low and, of course, not get caught with a taxable gain on one half of the hedge...
Sounds pretty innocent, though one might wonder why, if it's legal, Drexel and others haven't offered this appealing tax-loss service more widely...
...defense's expert witnesses not been allowed to testify? "You don't seem to understand," one of the Government's team told me. "We didn't decide the witnesses couldn't testify; the judge did. There was a judge in this trial! There was a jury...
...jurors I interviewed seemed less than rock solid in their conviction too. "I don't feel what they did was jailworthy," one juror told me. Said another: "I felt bad about this whole thing, to tell you the truth. I don't feel like we did the right thing." Yet, oddly, one could argue things actually did work out about right...