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Some good newss seems the house is on our side for the leverage rules to be squashed which is a good thng, the house agriculture committee: http://www.easybourse.com/bourse/actualite/house-lawmakers-concerned-on-cftc-retail-forex-leverage-proposal-805409

Just saw this article on another forum, it seems house lawmakers are very upset about the actual leverage rule in forex and they actually get what will happen if passed and seemed to grill CFTC'S GENSLER. They also stated they made cftc in charge of forex but not to kill it. So this is a piece...

This morning he said now that he will temporarily will step aside! This guy is an ass!

Seems as though it was a rumor that Rangel is stepping down. Here is the latest update: http://www.foxnews.com/politics/2010/03/02/fellow-black-caucus-member-calls-rangel-quit-house-leadership-post/

http://www.breitbart.com/article.php?id=D9E3GOC00&show_article=1 This could be interesting for us. Charlie Rangel head of the tax writing house ways and means committie was basically found to have committed violations by the ethics committee. He said all along he would be exonerated. Now lets...

http://www.cftc.gov/lawandregulation/federalregister/federalregistercomments/2010/10-001.html Finally they are starting to post most comments. As you can see toward the bottom of the list they are posting all comments on one line each time. From January they just posted almost 3000...

Seems Brown is trying to take credit for an idea which has already been floated by other countries such as the US and Sweden for the bank levy, not the tobin tax. But of course Brown wants credit to save his political career. This guy an ass!

+1

Finds this artcile laughable on the timing. It came out today saying NY Forex volume growth is starting to outpace London. Now the US is going to lose all that with this new rule! We can use that as a point to fight with. http://online.wsj.com/article/BT-CO-20100125-713722.html

Not sure what Brown is smoking today at his press conference http://www.independent.co.uk/news/business/news/tobin-tax-on-banks-has-support-claims-brown-1878928.html

I will be toasting that!

http://www.businessweek.com/news/2010-01-25/brown-rejects-obama-banking-proposals-as-wrong-for-u-k-system.html If you read this article it seems Brown is pulling info from thin air and delusional. He still dismisses Obamas plan after today and thinks Obama is moving closer to a...

Tommorrow could be a day where things heat up or cool on the debate about ftt. The g7 meeting tomorrow where supposedly the tax will be discussed by the UK and the US wants to discuss our own bank levy that Obama introduced last week. This could be a time where Obama can put this talk to bed by...

The deleveraging they talk about is a different thing then what we have at forex. The big banks dont use this kind of leverage in fx anyways if you talk to some institutions, they really do not use leverage for fx. Its for us smaller traders.

Thanks its a good read

Everyone on this thread fighting for the sake of your livelihood , trading. I suggest you put ZDREG on ignore. His comments are never helpful and plain negative and unoriginal. I appreciate everyone doing there best and put your voice forward to fight this transaction tax.

I was simply asking you a question, I read it and its not as bad as your little GAME OVER doom and gloom comment. Traders adapt to what they are given, well if you cannot understand that, then I mean good traders adapt. So with all your negative comments on here over the past how everyone is...

Seems like the same uptick rule from back in the day that everyone dealt with just fine. Or is it something more complex?

I have read a few of the comments on the IMF comment page in opposition to the tax. In my opinion I think anyone who comments shouldnt focus on the trading aspect and how it will ruin trading. I think the IMF doesnt care how it affects trading or doesnt care that it increases the cost of an sp...

This stinks becuase we do not need it mainstream like this, however wrong it is this could stir up a lot of support by people who are simply fans of the celebrities