Friday, March 15, 2013

Kelsey Grammer Blew 6 Figures Investing in Windmills

A Hollywood actor/financial genius attempts to profit by "helping the environment."

Jessica Chasmar reports:
Former Frasier star Kelsey Grammer told TMZ on Tuesday that wind technology was the worst investment he’s ever made. 
Grammer told the tabloid that though his finances are good, he lost hundreds of thousands of dollars on a small wind investment. 
“I’m OK, but I didn’t make up for it. It’s just one of those things that’s just a straight loss,” he said. “You’d think it would be lucrative, but it’s not really a friendly environment for new technology, it really isn’t.”
And, oh yeah, he is way millions of dollars underwater relative to the price he paid for his Beverly Hills house that that he is now trying to sell. Details here.






5 comments:

  1. This one bodes ill for all of us. If the rich can't profit by 'helping' the environment, then the government is going to have to step in even more.
    I don't like where this is heading...

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  2. In fairness to Kelsey, T.Boone Pickens got hammered too...so there's that.

    "I've lost my ass" in wind power.

    I can't say I'm crying for either of them, but when a guy like Pickens gets taken to the cleaner over it you know there's some slick players involved in the dupe.

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  3. Compared to the Obama administration he's a fucking financial genius...

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  4. “You’d think it would be lucrative, but it’s not really a friendly environment for new technology, it really isn’t.”

    Not only is he late to the game, but fraud is the only friendly environment now.

    He should stick to what he knows: acting.

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