June 20, 2009

Best day trading – And what about Kelly, the broker?

He's still in business too, only the last I heard of him he was doing business with many banks, not just a few. I told one of the banks about what he did, but it went merrily on doing business with him. Good luck to them! The second example of a "doubtful credit" strikes nearer home since it involved my own money. A very prominent individual, the former chairman of the Board of Directors of a large corporation and a political light in his state, purchased a group of paintings and gave notes in payment which were to come due at intervals up to two years. The sum total of the notes was in the neighborhood of $150,000.