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The interesting thing from the Bloomy article is that it is only on shares (for now)....no futures, forex.

Hrmmmm....so how would this look? Give the MM's and banks exemptions and the small guy pays this?? What is the rate of the UK stmp tax? Funny, the stamp tax FATTENS the wallets of the MM's and banks!!

Hey fellow ET'ers, need some help: 1.) I want to run a correlation matrix/analysis on 7 markets going back at least 10 years. Any insight to a website or software that can pull that info together and run the analysis (based on daily or even weekly bars). 2.) I would also like to run a...

Ha! +1

Just think, a maid's false accusation in a NYC hotel room could have dramatically altered the FTT for all of Europe if it didn't happen :D

Good wsj article and great job Robert on the comment!!

Welp, say buh bye to financial firms in France. They will be leaving in droves I would assume. I can't believe they are going to tax from .50% up to 3% per trade!! What a fucking disaster!! Only the French can fuck up this bad.

Wow. That will destroy any financial district in France. Socialists are taking over the world while all their policies are failures and historically proven failures. WTF is wrong with these people??

Get ready for many more articles like the huffington one pumping up FTT for odumbo, the unions, and occupy slackers going into this election. Also, please hit the comment section in that huffington piece pointing out how flawed and destructive the FTT is. This is how we win the war with...

Remember odumbo and the dems are union puppets here in the States.

The problem is that the French people are too busy smoking and drinking wine and they want their socialism entitlements to even understand or care. Same with all of the EU (one study says 70%+ favor FTT) because they are feed lies by the socialists who are trying to take down capitalism and free...

I agree. I guess it is more of a socialist demeanor that I am trying to go after. I mean, after all they are going after our livelihoods and 100,000's of others. There are socialist or what term you want to use that DO want to destroy capitalism and the first step is free markets. My point is...

It's all a huge problem. The average public worker makes almost double the average private sector worker for the same job. That's fraud from the union/democrat criminal pact. I have a big problem with that when we are $15T in debt. And, yes, legacy costs will kill off the USA. The more the...

This is a political move by Sarkozy to get a leg up for elections. Germany is all on board. You see how Sarkozy moved up the timeline for FTT? It's to appeal to the socialists....his election is not set in stone. Anyways, this shows once again that politics rules over common sense...

The problem with public sector unions is not the union itself, it's the corruption with the democratic party in which lavish benefits are handed out in return for votes and union money. It's one of the biggest frauds in our political system. And, remember public sector workers get paid much...

"Will an FTT harm ordinary investors? No. The tax would not apply to normal consumer activities, such ATM use, debit card purchases, 401(k) plans, and initial issuance of home loans. Traders could also be legally barred from passing along the costs to consumers. The main target is big banks...

"Don't worry — this small tax targets major banks and investment firms, not ordinary investors or consumers. " This is the lying SHIT they spew to the public. Unreal they can say that!! Liberal socialist lie lie lie.

The problem is in public sector unions and the raping of the treasury. In private sector, unions aren't going anywhere, but market forces get them in check. In the pubic sector, it is the most corrupt "I scratch your back....." system, with the unions in bed with the democrats. Money and...

tortoise....Dude, the NYT is liberal spew and has been for years. If you want to claim it is a top-tier publication, then fine, but they have been promoting liberal, democrat, socialism for many many years. The media has been taken over by the liberals, and that was planned decades ago. Fox...

Dude, it does...read it again, it talks about it starting in the 1960's when Democrat socialism polices went wild! Obama is just the poster boy for what is ALL WRONG with America.