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If the Bank of England really suggested that Barclays and other banks manipulate Libor, per media reports, that raises the UK bank scandal several notches. It weakens the UK in their negotiations with the EU on seeking exemption or special treatment in the EU fiscal compact with FTT, and...

Gov. Romney’s taxes look to be compliant. Sure there are some valid questions, but that’s the case with most taxpayers. - GreenTrader Weblog http://www.greencompany.com/blog/index.php?postid=135 I wondered about Mitt Romney's IRA size, too. I raised some questions that others haven't and...

Listen To John Roberts, Kick The Bums Out - Forbes http://www.forbes.com/sites/greatspeculations/2012/07/03/listen-to-john-roberts-kick-the-bums-out/

Barroso: Bank sins show need for a Tobin tax | City A.M. http://www.cityam.com/latest-news/barroso-bank-sins-show-need-tobin-tax Barroso jumps on the Barclays Libor rate fixing scandal to soften up the UK and others on EC FTT. Bad timing for more bank scandals. JPM London trading...

Bond Rift Divides Merkel Coalition - WSJ.com http://online.wsj.com/article/SB10001424052702303933404577502780260213476.html Seems like Merkel may be getting ready to dump FDP from her coalition and go with the Social Democrats for the next election in 2013. Probably, a defensive move. FDP...

This is what I was getting at in my last post above. Connecting FTT to bailout funds. Those countries expecting to need bailout help will probably support FTT. But, can the big 4 dictate these rules on the ESM? This approach was floated many months ago. Same old threat from Merkel. She...

Sorry Tom, I knew I should have added "if FTT explodes in London based on a residency principal, so the FTT has extra-territorial reach to London and other non-FTT adopting countries."

Market reaction seems to indicate that people believe the eurozone big 4 are getting their act together on an EU TARP-like formal plan for bank bailouts, as recommend by the U.S. administration all along. TARP worked in the U.S. and hopefully it will work in the EU too, so they hope. Merkel...

The Supreme Court’s health insurance decision is hard to swallow on the tax designation http://www.greencompany.com/blog/index.php?postid=156

I changed my blog from "appealed" to "fixed", thanks.

I believe there is a 30-day period appeal process, although it's limited. 28 USC § 2101 - Supreme Court; time for appeal or certiorari; docketing; stay | LII / Legal Information Institute http://www.law.cornell.edu/uscode/text/28/2101 I read you can get a rehearing with 25 days, too...

Health care tax is unconstitutional; decision must be appealed - GreenTrader Weblog http://www.greencompany.com/blog/index.php?postid=155

Health care tax is unconstitutional; decision must be appealed - GreenTrader Weblog http://www.greencompany.com/blog/index.php?postid=155

We are getting into the eye of the EU debt crisis hurricane now with Italy crying out for help and showing their teeth towards Merkel and Germany. Hollande has already shown a breach with Merkel, too. France wants immediate solidarity on mutualizing debt and loosening up the bailout funds for...

My wishful thinking is that France will say "no" to loss of sovereignty to a German-dominated Brussels on the fiscal compact and banking union. France is keeping their own FTT revenues for themselves at the moment. Ironic that FTT revenues come at the expense of other general tax revenues, so...

CNBC.com Article: Pre-Summit Document Presses EU Banking Union European leaders will discuss specific steps towards a cross-border banking union, closer fiscal integration and the possibility of a debt redemption fund at a summit on June 28-29, according to a document prepared for the...

I imagine that Form 1099-Bs from Penson for so many brokerage firms will be a big problem for 2012 tax reporting. Better keep great records and get your downloads while you can.

CNBC.com Article: Angela Merkel’s Dilemma: Is the Euro Worth It? As Angela Merkel packs her bags for yet another European summit, the question which has been plaguing her for the past year remains: how far will Germany go to prop up the euro zone? Full Story...

‘Finance and the Good Society,’ by Robert J. Shiller - NYTimes.com http://www.nytimes.com/2012/06/24/books/review/finance-and-the-good-society-by-robert-j-shiller.html Side note. I've liked Shiller's comments the past few years defending the complex nature of finance, as opposed to...

If they use the residence principle, I think it aggressively steps on FTT dissenters' toes like the UK who said no to FTT. That may open their EC FTT plan to challenge.