Smart Money or Tax Planning?
Posted by Steven Hayward
Now THIS is interesting: last night someone plunked down $140,000 on Intrade that Obama will lose. Does someone know something, or is this speculator simply hedging with a bet that will provide a big tax loss?
7:31 AM / October 9, 2008
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$140,000 is a small percentage of the total bet.
Intrades now shows the terrist pal with a 75% chance of winning. Over $8,000,000 bet. The elctoral map shows a landslide win at this point. Probably because of all those people who are finally catching on to the obvious here:
https://online.wsj.com/article/SB122342526024513543.html