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Comments on new trading limits in commercial banks. Not trading on a customer's insured deposits is reasonable. Goldman will reverse it's application to be a commercial bank it's presumed. New proposals to be part of financial reform are in Congress so expect some gridlock now. McCain bill...

http://www.politico.com/news/stories/0110/31676.html trying to add this comment to the site but won't work with iPhone. Will do tomorrow unless someone else can add it for me to sooner. Thanks also this on tomorrow's announcement http://www.politico.com/news/stories/0110/31769.html...

I added a Comment to both WSJ stories. "Too small to compete" will replace "too big to fail" and it will require fixing in a few years. I recall in the 1990s seeing top 100 lists of banks around the world and US banks being on the bottom of the lists. Foreign banks dominated the lists and...

http://online.wsj.com/article/SB10001424052748703405704575015052116046786.html 4 reasons the bank fee will pass. Same arguments I've been using and one more. The fee is deductible whereas a tax is not.

Need to read that last post on white house plans to limit trading size in big banks and similar point to this post. The WH said they would do this the past month. Is the WH new strategy to take care of more business in the Presidents budget due by Feb 1? And with executive powers? Look at...

I think the result of the Brown shock will be some changes in the White House. My guess is Rahm Emmanuel will be asked to leave. Emmanuel is referred to as the heavy-hand who strong-armed health care and much more. The MA senate race referendum is against Chicago-style back room deals. The...

I like this too. I've been thinking for days - every time a proponent of FTT makes the case that a FTT can rein in wasted excessive business and financial transactions – I think what's your point? More transactions and more business are good for an economy not bad. It feeds jobs for brokers...

I just received the same reply from Senator Schumer that someone else did today too and just posted. I sent my Petition a month ago and other Congressman replied much faster. I am guessing that Senator Schumer remained very quiet on this whole controversy of the FTT and Wall Street, while he...

thanks. Late nights reading the google alerts and this fight takes a toll. I exercise daily and eat well but under these conditions it's easier to fall under the weather. I wanted to relax a little with the bank fee plan, but of course as in tennis when you are serving for the set your opponent...

The new deficit commission probably owes every tax idea in public debate and otherwise on the table a look, and each tax plan's proponents will probably get a fair shot at testimony to them. It doesn't mean that one plan is preferred over another. The FTT will probably be kicked to the curb...

Where did you see the banks prefer a FTT over a bank fee? I highly-doubt that. Goldman said it was a principal and not a broker or fiduciary when it sold (what they thought was) junk to their clients - per testimony at FCIC. Wall Street naked assess high frequent trading is pure trading and not...

Burnett had Stockman on to discuss his op-Ed today NYT. He generally told her that trading and financial activity is too big and short term focused and concluded it crowds out more useful activity. Plus it's very profitable so why not choose this activity as a last resort for desperate new tax...

We know Europe and the G20 want long-term global cooperation on a financial crisis fix, which includes taxes or fees or levies. The UK one time banker bonus was a local short term move, not leadership on the long-term fix. Rather than let FTT forces gather momentum the US acted first to fill...

agree fully. My strategy has been to support Secretary Geithner and the President in their preference for a bank levy and now fee over a FTT. I've also supported center leaders over the sponsors of the FTT bills. We have also weighed in with UK political-tax issues and in Germany too. As...

http://online.wsj.com/article/BT-CO-20100119-710122.html?mod=WSJ_World_MIDDLEHeadlinesEurope UK and EU President listening to Sweden in favoring US style bank liability fee over a FTT. IMF in favor too per article and they are meeting about it. They want consensus and how is that possible if...

The Bogle team is still getting out articles. See http://online.wsj.com/article/SB10001424052748704381604575005562735357750.html#articleTabs%3Darticle In Google alerts tonight. Add your Comments. Here's mine. The author wants to use a dangerous transaction tax to nudge investors from...

You are right sorry about that. My editors always wash articles of political statements. Guess I got a little carried away like Scott Brown tonight did too. I've been fighting hard for many months to defeat the financial-transaction tax and it seems like they are coming at us from many...

India new tax code. Based on best practices and the Indians are experienced and smart. No FTT and that's smart. Good for them, they don't penalize short -term investors versus long-term. Why should people get a tax carrot to tie up money with risk? I hinted on this in my reply to Bogle's...

You are probably right. But we still need to grow to pay more taxes and not undermine businesses and jobs with taxes past the tipping point. Spending is more of a problem than taxes. We haven't cut spending and pork since I can't remeber when. We've tried tax cuts and tax increases so it's time...

If the Tea Party wins with the Republicans winning the MA senate seat, that will send shock waves. No new taxes across the board. California-style proposition Democracy with voters turning on a dime in elections, nationwide with Tea Party help. CA can't pass tax increases or spending cuts...