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Re: Senate Dems Pass The Good Tax Bill - No Tax Cuts For Rich Folks

By: killthecat in POPE | Recommend this post (0)
Fri, 27 Jul 12 1:17 PM | 216 view(s)
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Snappy:

A recurring story about Kennedy is that he made his money in bootlegging, the illegal importation and distribution of alcohol during Prohibition. Although there is no hard evidence of this, Kennedy did have extensive investments in the legal importation of spirits. The "bootlegging" story itself may be traceable to Canadian distiller Samuel Bronfman and to New England bootlegger Danny Walsh and his crime syndicate, which did in fact smuggle spirits across the Canadian–American border during this period. Post-Prohibition, Bronfman had a bitter rivalry with Kennedy in acquiring North American liquor distribution rights. At the start of the Franklin Roosevelt administration, Kennedy and James Roosevelt founded Somerset Importers, an entity that acted as the exclusive American agent for Haig & Haig Scotch, Gordon's Dry Gin and Dewar's Scotch. They had assembled a large inventory of stock, which they allegedly sold for a profit of millions of dollars when Prohibition was repealed. (Kennedy himself drank little alcohol. He so disapproved of what he considered a stereotypical Irish vice that he offered his sons $1,000 to not drink until they turned 21. Kennedy invested this money in residential and commercial real estate in New York, Le Pavillon restaurant, and Hialeah Park Race Track in Hialeah, Florida. His most important purchase was the largest office building in the country, Chicago's Merchandise Mart, which gave his family an important base in that city and an alliance with the Irish-American political leadership there.




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