On Fri, 18 Jul 2008 12:04:00 GMT, Short Wave Sportfishing
wrote:

On Fri, 18 Jul 2008 06:56:15 -0400, HK wrote:

Short Wave Sportfishing wrote:
On Thu, 17 Jul 2008 20:54:29 -0400, HK wrote:

Larry wrote:
JR North wrote in
:

What's this got to do with boating?
JR


Boats take vast sums of money to buy, or just sit there rotting away at the
$600/month marina slip. In order to HAVE boats, some boaters have invested
vast sums of money in securities with various, previously-stable, banking
institutions now on the verge of collapse.

The solvency of the bank the "Boat Fund" is stored in is VERY on-topic to a
discussion about boat....unless you're Donald Trump and sold your little
house in Florida for $95,000,000 this morning to one of the Russian
billionaires. Don wanted $120,000,000 but had to take less to dump it.

By the way, the REAL ESTATE TAXES on Don's old house was quoted on the
radio at $16,830,000 PER YEAR....as of 2006. A "small tax increase" could
put the Russian's property taxes above the GDP of several small African
countries!

I think he screwed up....
We don't keep any significant liquid assets in any U.S. financial
institutions.

Harry, you are so full crap sometimes.

Honest to pete - do you even realise how stupid that statement is?

Or improbable?

Really? Please explain the "stupidity" or "improbability."
Be as specific as you can.

Thanks.

I can be as specific as you want, but if you have ANY major liquid
assets in a non-US based bank, you automatically fall under
anti-terrorism quidelines for the movement of said funds and/or
interest in said funds that you claim every year on your tax return.

Assuming you file one that is.

I'd be very curious as to what "non-US" bank you think is financially
sound where you don't get killed in exchange rates in moving "liguid"
assets around to make more money.

Which is the whole point of having liquid assets - to make more liguid
assets.

And I'm already tired of this discussion.

Sometimes Harry, words just can't define how stupid you sound.


Sound?

Yet people continue to encourage him.