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Hedge Fund Homebuyers In The Hamptons Already Have A Plan To Game Trump's Mortgage Cap

Hedge Fund Homebuyers In The Hamptons Already Have A Plan To Game Trump's Mortgage Cap

One of the key changes in the House GOP tax bill was to implement a cap on home interest deductions to the first $500,000 worth of mortgage debt and eliminate  interest deductions from second homes.  Of course, given active opposition from some very powerful realtor and homebuilder lobbying groups, it's unclear whether the changes will find their way into the final tax bill.  But, at least according to Bloomberg, New York's "millionaire, billionaire, private jet owning" hedge fund managers aren't waiting around to find out and are already taking steps to game any potential tax chang

The Ponzi Scheme That's Over 100x The Size Of Madoff

The Ponzi Scheme That's Over 100x The Size Of Madoff

Authored by Simon Black via SovereignMan.com,

By January 1920, much of Europe was in total chaos following the end of the first World War.

Unemployment soared and steep inflation was setting in across Spain, Italy, Germany, etc.

But an Italian-American businessman who was living in Boston noticed a unique opportunity amid all of that devastation.

He realized that he could buy pre-paid international postage coupons in Europe at dirt-cheap prices, and then resell them in the United States at a hefty profit.

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