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Must be true love...; Woman spends $9 million to bail out boyfriend
Topic Started: Aug 11 2015, 04:04 AM (187 Views)
markallen
Middle Aged Carp
Lottery winner (or is it loser?)
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George K
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Finally
This will end well, no doubt.
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"Now look here, you Baltic gas passer... "
- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
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Mikhailoh
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If you want trouble, find yourself a redhead
Her connection. The girl's gotta have it.
Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball
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markallen
Middle Aged Carp
I'm sure the criminal justice system is at least partially at fault. After all, the boyfriend only had a mere 8,000 bags of heroin when caught. :)
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markallen
Middle Aged Carp
You know, it is $9 million out of the $88 million she received. Maybe this 10% is what she meant when she said she was going to tithe the money.
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Axtremus
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HOLY CARP!!!
from the article
 
If Holmes wants to spend up her newfound fortune on a man, in and out of jail, that’s her decision to make. If some of us are honest with ourselves, if we had $3 or $6 or $9 million dollars to give, we’d likely be bailing our loved ones out of jail too. Truth be told, it’s easy to shake our heads and wag our fingers in disgust and disapproval; but we’ve all done crazy, foolish and even expensive things for love.
A very reasonable take on this.
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Catseye
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Pisa-Carp
So she takes the lump sum without -- I bet -- investigating whether this is a better or worse strategy than taking it in annuity payments. (Turns out to be kind of a complicated question, but anyway.) In any case she loses a big chunk to the govt. Then she blows $9 mil on the boyfriend who, being charged with a severe case of possession, will A) be found guilty and go to prison anyway or B) blow town without the girlfriend or C) blow town with the girlfriend, swearing his undying love until the money is gone and in the process laying down a stupidly lavish spending trail, eventuating in his capture and reimprisonment and leaving the girlfriend broke and alone.

This sounds like one for Dr. Phil! :yes:
"How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex
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Catseye
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Quote:
 
... if we had $3 or $6 or $9 million dollars to give, we’d likely be bailing our loved ones out of jail too.


Da hell.
"How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex
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jon-nyc
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Cheers
Quote:
 
Truth be told, it’s easy to shake our heads and wag our fingers in disgust and disapproval; but we’ve all done crazy, foolish and even expensive things for love.


Not true. I've done plenty of crazy, foolish, expensive things for lust. But the things I've done for love have been rational and respectable.
In my defense, I was left unsupervised.
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George K
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Finally
jon-nyc
Aug 11 2015, 06:16 AM
I've done plenty of crazy, foolish, expensive things for lust. But the things I've done for love have been rational and respectable.
Knowing the difference is an important thing.

But, having established that, tell us more about the first part. :popcorn:
A guide to GKSR: Click

"Now look here, you Baltic gas passer... "
- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
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sue
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HOLY CARP!!!
Catseye
Aug 11 2015, 04:37 AM
Quote:
 
... if we had $3 or $6 or $9 million dollars to give, we’d likely be bailing our loved ones out of jail too.


Da hell.
ya rly
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jon-nyc
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Catseye
Aug 11 2015, 04:36 AM
So she takes the lump sum without -- I bet -- investigating whether this is a better or worse strategy than taking it in annuity payments.
I had a friend that won a $44mm jackpot from Virginia. He was 62, so he never considered anything but the lump sum. But I worked out the valuation at the time, and thought the lump sum offered was very generous. It was more than my employer (an investment bank) would have valued the same set of cash flows using its own models. (IOW, an internal valuation, not a price to a customer).

Of course for many people the payment plan is preferable if only because it prevents them from blowing the money in a couple of years. This has not been an issue for my friend.
In my defense, I was left unsupervised.
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Catseye
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Jon: I understand the better choice rests on 1) the amount of the prize and 2) whether you believe the tax rate will go up or down in the future.

What wasn't mentioned in this article -- I don't think, not sure -- was how one might fare if one took the lump sum and invested it aggressively; would you come out ahead or behind the annuity payout after X years.
"How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex
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Catseye
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sue
Aug 11 2015, 06:20 AM
Catseye
Aug 11 2015, 04:37 AM
Quote:
 
... if we had $3 or $6 or $9 million dollars to give, we’d likely be bailing our loved ones out of jail too.


Da hell.
ya rly


:lol2: :thumb:
"How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex
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Renauda
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HOLY CARP!!!
sue
Aug 11 2015, 06:20 AM
Catseye
Aug 11 2015, 04:37 AM
Quote:
 
... if we had $3 or $6 or $9 million dollars to give, we’d likely be bailing our loved ones out of jail too.


Da hell.
ya rly
Think of it as alms for the government, an excise tax over and above any other taxes paid out.
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