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Bookkeepers
Book of Genesis
Big Tom was a gangster.
We didn't know that. Being 11, maybe 12, what did
Fantastic “deep dive”. As I was reading this, I was somewhat outraged that Congress hasn’t passed a law to clarify if this is legal and if so, what are the rules and regulations?
By the time I finished reading, however, I was thinking “a fool and his money are soon parted”! If people want to gamble- they should be free to do so. Furthermore, even if it were illegal, there would still be ways to gamble.
Trump, and his family, are enriching themselves tremendously. Using unelected appointees to help enrich him- exactly what he pretended to be outraged over by Biden. It will be interesting to compare their net worth on January 1, 2025 to January 1, 2029.
This is not for me! I was the other type of “bookkeeper”, however. I restrict my “gambling” to US equities.
I got a heads up on this a couple months ago from a friend in a start-up that is trying to market-make for contracts on these sorts of “exchanges”. Environment sounded like the wild west. Also it’s not clear to me that there is much benefit to society since the priority doesn’t seem to be on representing risks that someone might need a legitimate hedge for.
Another fine example of the Trump family fleecing the MAGATs. “ If they weren’t meant to be sheared, they wouldn’t be called sheep.”