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The DeFazio bill has been gaining cosponsors this month... now up to 27. They are all Democrats... every last one. Anyone know the significance of co-sponsors? Does it actually influence the legislative process? ...my assumption is that it is just a political tool and carries no actual...

emg - soap operas??? ....dude? Anthem for a stop run: http://www.youtube.com/watch?v=FCSBoOcGFFE

My turn http://www.youtube.com/watch?v=wjXeVYRZNlE

EXACTLY! They are taxing POTENTIAL utility... which is complete BS. An analogy is if a store was taxed every time a customer walks through the door... regardless of whether or not they make a purchase. I mean people going into a store and not buying anything is also "socially useless"...

"A tax of .5, such as favored by NNU and presently in place on stock trades in the U.K., would generate as much as 17 times more revenue as the .03 tax included in the Harkin-DeFazio bill." .03 * 17 = .51 The guys who wrote that study must be financial geniuses! The revenue scales...

Sadly I think a big part of this is broke boomers enrolling in the 9mm retirement plan... retiring in poverty after living a life of relative plenty is a very hard pill to swallow.

FTT is a moral/ideological/emotional thing... not practical. That's the scariest thing about all this. Maybe the sovereigns will invent "morality credits" to pay off their debts with good karma (I'm only half joking).

I'm not suggesting we give up the fight... but if this tax passes in the US: - The tax gives foreign exchanges a competitive edge to offer the same products now dominated by US exchanges. - Many US companies will move to or list themselves on foreign exchanges. If the feds make this...

http://www.govtrack.us/congress/bill.xpd?bill=h112-3313

My take on things: FTT is not about raising revenue... it's about taking power away from non-governmental entities. They want to make trading illegal. This is a very Marxist stance ...that the government should and can control the economy. This is why the pro-FTT crowd turns a blind eye...

"****" is an HTML keyword... after the recent child porn attacks ET has probably cranked up every content filter they can get their hands on... good on 'em. EDIT - LOL... I got filtered too. I mean "em - ee - tee - ay"

Agreed - might see climax run here... I'd like to see below 21.25 first though

Patrick O'Hearn of "Missing Persons" fame... http://www.youtube.com/watch?v=OjxR5iTlqkY

You can trade the "old" contract until 09:30 EST on the 3rd Friday of the expiration month... volume gradually declines from rollover until that time.

For the US folks here... DeFazio's Republican competition: http://www.artforcongress.com/ Apparently this guy came from nowhere and gave Fozzy (wokka wokka) a run for his money during the last election cycle. Defazio has been calling for an FTT in one form or another since 2008... he has...

emg your coffee looks a lot like Guinness :)

You can use govtrack to get email updates when any events related to a bill occur. Links to the bills on govtrack: http://www.govtrack.us/congress/bill.xpd?bill=h112-3313 http://www.govtrack.us/congress/bill.xpd?bill=s112-1787 The bills appear to be identical - rate is .03%. If...

I still haven't figured out Gates' angle on supporting this. He has an angle. He's in it for something... he just doesn't operate any other way. My guess is that there is a group of elites who have decided that trading is an activity reserved for them and the general public should only be...

Here's the thing about OWS, adbusters, Anonymous, etc. I haven't done the research but I will gladly make a bet that they don't make substantial campaign contributions. If they do it is either a small amount or to independents who never get elected anyway. I'm pretty sure that the weak...

http://www.huffingtonpost.com/2011/07/10/angela-merkel-ambitions-third-term_n_894097.html