Re: [Fortune] The Era of The Next Big Thing is over? Was it over when the Germans bombed Pearl Harbor??

From: Jeff Bone (
Date: Sun Apr 01 2001 - 13:34:16 PDT wrote:

> Jeff Bone <> writes:
> > Way to go, Kragen. You wouldn't want to let anything icky like facts
> > contaminate the purity of your moral judgements and pronouncements.
> Yeah, it's amazing how fast simple, pure moral judgments get
> complicated and contradictory when you bring facts into it, isn't it?


There was a bit of intentional self-deprecation and irony there...

> > Let me sketch in the most abstract possible sense the heart of my
> > irritation. The IRS can treat as a tax liability certain things --- say,
> > an exchange of private equity for public --- while at the same time the
> > SEC can prevent realizing liquidity from that transaction for a prolonged
> > period.
> Ouch. I don't suppose you can pay your taxes with CMGi stock you
> wouldn't be able to sell, can you? That would seem to be an eminently
> fair solution.

That actually was part of the problem. Margin to pay taxes, then watch the
stock price plummet w/ no escape hatch...


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