The Tax Views Of Deadeye, The SEC's Customary Action, And Losses Of Non Madoff Investors.

Last Friday I received a phone call from a friend of 45 years standing. I'll call him Deadeye. Deadeye is a brilliant fellow. He finished first in his class in a significant eastern law school, and has spent 47 years as a tax lawyer. Deadeye wanted to talk. Deadeye's point was tax-profound, albeit simple.

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