A Call from the IRS

By Paul Kedrosky · Friday, May 15, 2009 ·

A hedge fund manager friend of mine got a call from a "very nice gentleman" at the IRS recently. The conversation went, he says, like this:

Me:  "Should I make the check out to the IRS?"

Agent:  "We would prefer it if you make it out to the US Treasury."

Me:  "Is that what Tim Geithner does?  Oops, I forgot, he doesn't usually pay his taxes."

Agent:  [Chuckling] "I'm not going to comment on that."

Me:  "How about if I save you busy folks some time and just make it out to AIG or Goldman, Sachs?"