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Can Hank Paulson avoid tax on $600MM unrealized capital gain upon becoming a government employee?

A tax expert told me the following:
"Hank Paulson, the incoming Secretary of the Treasury, with a personal fortune of USD 700,000,000 has the right to benefit from a brand new tax exemption available only to those in government which is the right to sell all of his USD 700,000,000 of holdings and swap them into [...]

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What are some ETF’s that are designed to short the Treasury bond market?

Assuming Treasury bonds experience a big price correction (not outside the realm of possibility, given the cost of the government bailout packages, funded by ever more issuance of debt), what are some ETF’s that give the investor the ability to take a short position in U.S. Treasury bonds?
SHV doesn’t "short" the Treasury market. It invests [...]

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When people refer to the official currency reserves of China, what exactly does this mean?

More specifically, the current value is 1.6 trillion USD. Is this referring to the same pool of money as when people refer to all the U.S. treasuries owned by China? I have heard well-informed people guess no, but I can't imagine that they are correct. The reason is that if anyone had [...]

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