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AlterNet is supporting it too: http://www.alternet.org/workplace/100223/10_ways_to_bail_out_wall_street_(and_main_street)_without_soaking_taxpayers_in_debt/

It sounds like they want to put the decision on the transaction tax off until after the election.

On that note,here's the reaction from a longer term trader on another forum I posted this to: I can see this thing playing well to Joe Sixpack.

I agree completely. Let's ask Ivanovich...

One more thing: Say I *am* over reacting and there is absolutely no chance of this happening. Go ahead and take a few minutes and voice your opinion, what have you lost? What's a few minutes compared to even a very small chance of losing your livelyhood?

To all the people here who think that there is absolutely no chance of this or something like this happening, how can you be so sure? Look at the mood the country is in, look at how even the President went on national TV putting the blame on traders. How about if the situation gets much...

Even if the .25% doesn't pass, think about even something like .05 %. That would really add up for high frequency, low profit per trade traders.

Here's my draft for a letter concerning the plan to tax trades. Please send it, or something similar, to your congressmen and representatives and pass it along to other people who this might effect: Regarding the House Democrats plan to tax trades to help pay for the bailout: This...

Yes. it's all my fault, I should pay for it. Put me out of business while Paulson keeps his 600 million, or whatever he got from GS. Bastards.

There's no fucking way this could happen... is there?

Borrow from the Chinese and spend Republicans.

Yes, but if they can put it off past the election it doesn't matter.:D

You have no one to blame for that but yourself. (That was sarcasm, btw)

seriously, I really fear that market turbulence will cause them to reinstate the uptick rule. That would suck.

Now that I think about it, I think it was something pretty mild, like, "We always expected Jeb to be the one to enter national politics, not GW" meh

I remember 41 saying something to that effect that was quickly hushed over.

My dad has an amount of money that he plans on keeping in CDs for the next couple of years. My feeling is CDs have no upside potential and a pretty big downside potential over the next few years (in terms of real wealth). I'm thinking he'd be better off in something like FXF Currencyshares...

Did Rogers give up his citizenship?

Hell, I wouldn't doubt if they encouraged it.

Would you use some sort of leverage? It seems like if you didn't it wouldn't be very profitable. Sorry for being a noob, but I know next to nothing about bonds.