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Done! But in 3 parts because they dont give you much room to write:)

Well I really do not know and we know there are a lot of conspiracy theories here. But in my opinion I do not think it will. First it has to pass the house and we have no idea if it will or not, there are still a lot of people against it. Only a few out of the house are for it right now...

Not sure yet, his first bill had 13 co sponsors but has been sitting with out action for almost a year, this bill so far as I have read in the news has 5 co sponsors

The whole reason this thing got so much airtime this past month was because of the goldman bonuses. Imagine if they get an exemption/ I can see an exemption for market making activity and a strict one at that. I doubt prop firms will be exempt. GS doesn't care to much about them. They are making...

Well either way its talk right now so we do not know what will come, and the journalists make it sound its getting much more talk then it is. Sure we all know the discussions , we also know the bill sat in the house ways and means with out any discussions all year by those who count. So we shall...

I am a forex trader myself, I have one open now to just have it ready. There was also talk about taxing the resident in the new bill, not who you trade from or where you trade, which is nuts but hey congress is nuts. Not sure how they would tax us since they do not get 1099 from brokers abroad

http://www.cftc.gov/ucm/groups/public/@lrrulesandstatutoryauthority/documents/file/ogchr5660.pdf Its in the commodity futures modernization act of 2000 which clarifies the jurisdiction of the cftc over fx

It is not a regulated exchange, it is under the jurisdiction of the cftc, thats why they can pursue fraud against firms etc.. You can read it on the cftc website. It will be covered by the tax if enacted.

All his bills stated anything covered under one of the sec acts in the 30s which accounted for stocks and stock options plus anything that is within the jurisdiction on the cftc, which is now also inclisve of spot FX/ Defazio had started this madness years ago just targeting currency...

Unfortunately FX is considered a future in the eyes of the bill as well as all the Defazio's bills he has started. There has not been an instrument that he forgot to tax!

How can he think it would have been catastrophic more back in the day when it didnt account for as much as the economy and jobs sector it does now?

Just one lot of gold would be abou 117,000 $ and one lot of crude would be about 76k, so it would hurt.

I know Powerballad thats why the had the .02% tax on futures , the .25 was jsut for stocks, we shall see if that comes up as well

I think he was talking in context to the cap gains tax raising from 15 to 20%

Agreed

I got ya I just posted to that write the congressman tweet :) STay away from any cnbc tweets as Seaside always tells us

I am tweeting to optionmonster and mad money now :)

Mad money has a few twitter sites if anyone has twitter

Thats funny, now the Najarian brothers are good! If cramer has twitter, eveyrone sign up and blast his twitter account

I would not classify Cramer as an insider anymore, he may have been when he had is hedge fund. After he came out and told what they do and how they made money by cheating, I bet alot of people shut him down. This is why he is a clown on mad money on cnbc, no one wants to talk to hime, he doesnt...