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Part II A run on the Repo Bank. In case anyone has forgotten already, most debt-financed business models (non-depositor bank balance sheets, some hedge funds, Enron and arguably governments themselves) are one day or week away from failure. Highly-leveraged business models using overnight...

Washington and populists versus Wall Street (Goldman) and the implications for Financial Regulation. In my view, the SEC recently sued Goldman Sachs on the John Paulson “Great Housing Short” deal to help Democrats pass their Financial Regulation bill. The 2010 (very important)...

Part II A run on the Repo Bank. In case anyone has forgotten already, most debt-financed business models (non-depositor bank balance sheets, some hedge funds, Enron and arguably governments themselves) are one day or week away from failure. Highly-leveraged business models using overnight...

Washington and populists versus Wall Street (Goldman) and the implications for Financial Regulation. In my view, the SEC recently sued Goldman Sachs on the John Paulson “Great Housing Short” deal to help Democrats pass their Financial Regulation bill. The 2010 (very important)...

http://www.investmentadvisor.com/News/2010/4/Pages/Levin-Says-There-Is-No-Plan-for-a-VAT.aspx New W&M Chairman Levin says no FTT or VAT. Focus now on expiring Bush income and estate tax cuts.

http://www.csmonitor.com/Money/The-Adam-Smith-Institute-Blog/2010/0413/Bank-tax-is-dead-in-the-European-Union hope this is true - that FTT is against EU rules.

http://m.ft.com//s/0/08080cf0-3cd0-11df-89ca-00144feabdc0.html?catid=6&SID=5cbfbce264e902aa110a9f7cc757f205 hope iPhone link works. French and Germans are moving forward with bank levy. Germans need to keep it constitutional with an insurance levy versus a tax and not single out banks. The...

FTT stands for global charity initiatives and EU federal or global tax proposals. Bank levy stands for cleaning up past and future bank messes. A big difference. Even with market increases, banks are still fragile and governments are very scared of another meltdown as with Greece. Ireland...

Your assumption should be the case. Section 1256 contracts have lower 60/40 capital gains tax rates. The 40% short term capital gains portion is taxed at ordinary rates. Yet all capital gains are investment income. We will see if there can be any exemptions for Section 475 MTM trading gains and...

Taxes are headed higher on investment income on a number of fronts. It's been obvious that Democrats want Wall Street and investors to pay more._ The health care bill is being financed with a new tax on investment income, the 3.8% Medicare tax. _Will Section 475 MTM trading gains be exempt...

My blog months ago and recent article in Active Trader magazine predicted the EU might try to co-op the FTT as a new EU federal tax - it's first. With PIIGS leading to Meltdown 2.0 on EU soil this time, and the Euro under it's first battle-test, the EU may become attracted to a FTT for their own...

The Tea Party no-tax-hike trend is growing and high-tax liberals are on their heels. Now is the right time to return to our original position of no new taxes selectively applied on bankers, speculators or traders. It’s a slippery slope, allow bankers to be bashed with a bank tax and...

http://www.vancouversun.com/business/fp/Canada+oppose+global+bank/2583353/story.html Canada joins South Korea in saying a firm no to any bank or financial transaction tax. Canada telegraphed this at the recent G7 meeting. Canadian banks are Canada's best industry competitive-wise in NAFTA...

Sorry I missed you at the NYC Expo seasideheights. I spent the afternoon shooting 7 video segments in the MoneyShow studios. One segment was entirely on the FTT, RHT and more. Another segment was on the CFTC proposal to drastically reduce forex leverage which is another fight we are working on...

NYTimes cover story today on Goldman and Morgan helping Greece deceive investors and the EU with off balance sheet questionable transactions is going to become a big story in my view. If we enter Meltdown 2 over this and these banks are found guilty over Enron-type deception or fraud I fear it...

http://www.koreatimes.co.kr/www/news/biz/2010/02/123_60729.html G-20 consensus on bank levy or taxes is melting like climate control consensus. Korea, host of the G-20 later this year just forcefully said no way. Korea wants universal banking and bigger is better. They are focusing on too...

http://network.nationalpost.com/np/blogs/fpcomment/archive/2010/02/11/jack-mintz-obama-s-revenge-tax.aspx#comments Smart writing saying no FTT or bank taxes in Canada. Their banks have performed very well for decades and stand out in NAFTA. Canada defends it's banks the way the US defends...

http://m.guardian.co.uk/?id=102202&story=http://www.guardian.co.uk/business/2010/feb/11/goldman-sachs-tobin-tax Did Goldman do some "fast voting" like fast trading saying No to the RHT? I tried to vote no and it did not work.

"We are the World" the charity video debuts at the Olympic's Open Night Ceremonies Friday Night. http://www.mtv.com/news/articles/1631018/20100202/lil_wayne.jhtml Hopefully, the American campaign is not going to promote the Robin Hood Tax.

Things are shaping up as we figured. One troubling quote on recent post is one of several bank tax/levy options is on turnover - does that mean revenue tax or trading proceeds tax? Doubt it if they say no FTT and levy instead. Obama bank fee is based on noninsured liabilities. US and German...