On Saturday’s A Prairie Home Companion, Private Investigator Guy Noir attempted to rent a studio apartment in New York City. The following conversation ensued (with "GK" being "Guy Noir" and "SS" being his assistant Suzanne):

GK: Beautiful. (FOOTSTEPS) I’m curious. How much is this place costing us?

SS: Two hundred a month. Including heat. The Galaxy Building, Mr. Noir, was built to generate passive activity losses.

GK: The building wants to lose money?

SS: You’ve never heard of ACRES? Accelerated cost recovery system depreciation?

GK: No. SS: Or a 10-31 swap?

GK: Never. SS: Well, in an LLC – a Limited Liability Company – if you need a diversification hedge, you may be talking about a Type-A triangular tax-free reorganization – this is in the Internal Revenue Code, which I happen to find fascinating – section 469 in particular – and in order to facilitate this-have you ever heard of master limited partnerships?

GK: A what?

SS: Listen- never mind.- I’ll worry about all that. You worry about fish. Let’s just say that the Galaxy Corp. is owned by a gentleman who does not like to pay income taxes and I happened to catch him on a day when he needed to lose more money.

GK: Aha.