Search results

honestly the better thing to do is to cancel your subscription to realmoney.com or TSC if you have one and tell them why

Revshark responds to cramer Cramer on Traders Tax 11/24/2009 2:44 PM EST I sure am disappointed to hear Jim Cramer CNBC shrug off this 'trader's tax' idea as irrelevant and saying 'we deserve it'. I don't know exactly who "we" might be but individual traders who make a living in the...

Streetaccount on the trader tax bill proposal <i>note especially the last paragraph--KSH</i> Democrats drafting bill for financial transaction tax, would raise $150B--thehill.com * The Let Wall Street Pay for the Restoration of Main Street Act that is being drafted by Reps. DeFazio...

Martin Hutchinson in favor of transaction tax http://www.moneymorning.com/2009/11/24/u.s.-bank-stocks/ Personally I would favor a “Tobin tax,” a small tax on each transaction in bond, stock commodity and foreign-exchange markets. This would need to be imposed by global agreement, but...

Govt should form sovereign fund to arrest stock mkt volatility: Assocham http://economictimes.indiatimes.com/news/economy/policy/Govt-should-form-sovereign-fund-to-arrest-stock-mkt-volatility-Assocham/articleshow/5265010.cms Industry chamber Assocham suggested that the government should...

In praise of James Tobin; India, Indonesia or Korea, who's next? http://in.reuters.com/article/economicNews/idINIndia-44196820091124

IMF Review of Tobin Tax Proposal Is Welcome, FSA’s Turner Says http://www.bloomberg.com/apps/news?pid=20601102&sid=aevWELM8yDTk The International Monetary Fund’s consideration of a tax on financial transactions is welcome, the head of Britain’s markets regulator said. The IMF is...

Save Main Street! A Tobin Tax on Wall Street Banksters is Only Fair http://grantlawrence.blogspot.com/2009/11/save-main-street-atobin-tax-on-wall.html Now that the Banksters have nearly wrecked the economy and have bankrupted our children and grandchildren futures, it is only fitting...

Thanks for the link from Green who needs to be bookmarked. Part of why he is good is he knows actual traders and what their lives are really like. I honestly wonder if someone like Dean Baker knows anyone who trades a lot part time or who trades full time. PS--better specific link to...

More from Turner http://www.lse.co.uk/FinanceNews.asp?shareprice=&ArticleCode=04ag6vydb5vn7r8&ArticleHeadline=UPDATE_1UK_watchdog_FSA_sees_tougher_trading_supervision The Tobin tax, named after the economist James Tobin who proposed it as a way to dampen speculation in cross-border foreign...

Mohamed A Ramady--Bailout insurance would help to spare the taxpayer http://www.thenational.ae/apps/pbcs.dll/article?AID=/20091121/BUSINESS/711219960/1058&template=columnists The big question is posed: is the economic and moral relationship between Big Finance and taxpayers symmetrical...

Brown, Cameron to Set Out U.K. Economic Growth Plans http://www.bloomberg.com/apps/news?pid=20601087&sid=as6t0vwOkRLY&pos=9 While Brown will repeat the suggestion of a Tobin tax on banking that he aired at the Group of 20 finance ministers’ meeting earlier this month, he will say the...

Going Around this morning fwiw With support for Treasury Secretary Tim Geithner waning, JPMorgan (JPM) CEO Jamie Dimon is emerging as a potential successor, sources say. Dimon has recently been making frequent visits to Capitol Hill, and earlier this month published an op-ed that urged the...

The Hill Debates Whether Geithner will Survive http://thehill.com/blogs/congress-blog/economy-a-budget/68847-the-big-question-will-geithner-survive-lawmakers-criticisms This has obvious implications for a transaction tax going forward.... Update: this is interesting also...

william greider The center is not holding. … It feels like carnival time, when up is down and down is up, when humble folks parade as kings and queens and the reigning royals are dressed as clowns. … The most startling evidence of reversal is Chris Dodd, chair of the Senate Banking...

alan farley responds to tim melvin and revshark Alan Farley Tax 11/20/2009 12:24 PM EST I absolutely agree with all that, which is why it isn't going to happen. I did hear one interesting variation, in which only transactions over 100k would be taxed. Now that was hilarious...

Tim melvin on realmoney Tim Melvin Transaction Tax 11/20/2009 11:50 AM EST Those who think that there is a little chance a financial transaction tax will ever pass should pay attention to Nancy Pelosi's recent comments. She describes the proposal as one of the many ideas under discussion...

I am working on a piece, feeble though it may be Herewith my basic working argument: This kind of a tax changes the playing field as a result of which all sorts of people and participants will change their behavior. ALL of these behavioral changes have to be taken into consideration in...

zero hedge: With Transaction Tax Becoming A Distinct Possibility, Does It Bring Benefits To The Table? Even with a thoroughly discredited Tim Geithner repeatedly saying that a transaction tax is the worst thing since, well TurboTax, the topic is generating more and more traction, and earlier...

FT: Congress eyes bank tax to tackle unemployment Tim Geithner, Treasury secretary, on Thursday poured cold water on the suggestions in recent weeks by leaders including Gordon Brown, UK prime minister, that a “Tobin tax” on banks’ transactions could be merited. “I...