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I would think he was talking about Summers and Geithner, since from all the reporting they were against this new bank levy and bank reform this week. He then went to Volcker for support and got the support he wanted. Vlovker is on Obamas Eco team along with Summers. So the paper figures that...

I will try to find out also I want to see what amount of those shares were exempt from the stamp tax as well

Thanks Seaside, comment posted.

I understand, I usually try to keep it classy and educated sounding. But sometimes these a$%h#$##% get the better of you, it hs happened to me as well. So no worries. I am fighting 2 fronts now for traders. This and now the new proposed rule by the cftc to limit margin in Forex to 10-1 from...

http://online.wsj.com/article/BT-CO-20100119-710122.html?mod=WSJ_World_MIDDLEHeadlinesEurope But in a press conference Tuesday alongside EU President Herman van Rompuy, Brown said the IMF, which has been tasked with reporting back on the issue by April, is now considering the U.S. levy...

If goverment ever passes a tax on transactions as it deems socially uselss whats next. Driving above the speed limit is socially uselss, obviouse exemptions for police etc.. So maybe the will not make cars that go above the speed of 65 or 70. Why not do that then we wont have socially useless...

Becuase they are the biggest fx market in the world and they do not want to lose that, and they have not parcipitated in the rules for leverage before either. So talk to people overthere and you will see. The fsa did not change their margin requirements. The reason we are doing it here is to...

I dont think the UK divisions of US firms will lower their margin. They did the last time to 100-1. It was the UK divisions of US regulated FCMS that lowered the leverage down to 100-1 not the FSA who regulates them. 10-1 Will lose too much business here in the US , so I doubt they will lower...

http://online.wsj.com/article/SB10001424052748704320104575015910344117800.html?mod=WSJ_Markets_LEFTTopNews

Thanks seaside, we appreciate it!

Guru, What you stated is for the Conrad Gregg idea to from a commission which has not been looked upon favorably, the one people are talking about now is the defeicit commission formed by presidential orders by passing congress which will have rules seaside mentioned.

The only thing that concerns me from Schumers email is he really talks about retirment accounts protections, which gives him a nice out to vote for these bills once retirments are fully exempted. Schumer pplays this game real well and the fact that he didnt say I oppose this legislation and if...

Maybe Erin Burnett was referring to the commission, maybe they are meeting today to figure the commission out http://www.washingtonpost.com/wp-dyn/content/article/2010/01/20/AR2010012002599.html

Pretty impossible but imagine a strike where traders stopped trading for one day in protest. No when I worked at a prop firm in NYC in the hey day 1999-2001. We had a lot of traders who did lots of volume at our firm paying 10-15 bucks per thousand, and when we wanted a rate cut we striked and...

Keep in mind while Buffet opposes the bank tax, he signed a letter about a month or two ago talking about Short Termism where they also were for a transaction tax.

Maybe, but not a real big deal for him to weigh in on it, its a big deal to us , sure. I am sure he will not state any position on it unless specifiacally asked or if it ever came to vote in senate. He stated on the bank tax because thats looming but if you look at his other articles, he opposes...

http://www.huffingtonpost.com/2010/01/15/scott-brown-opposes-big-b_n_424504.html http://www.newsobserver.com/politics/national/story/287747.html

He campaigned on it recently when he was stating opposition to healthcare. Just have to find the articles.

Brown called winner, one small step for us. BTW he is against bank tax as well.

Thanks for the IMF update and email address Guru!