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One major point that was missed with regards to Harkin is that he mentions the stamp tax in the UK..... Market makers do not pay this tax. Thus what would be the impact on the markets if market makers had to pay the tax ? Then the tax to market makers would be several times the price of...

............................................ Govt. has to dramatically downsize.... And change the tax code to a 10/5 C tax....only.... This will work.... ................................................ Any form of raising taxes or increasing the size of govt. will not work...

............................................ And if Germany was "smart"...would be putting in place the direct access technology to take more market share of all securities transactions..... Perhaps the "Mercedes" of financial markets ? Let the DEMs keep on transforming the US into...

Amen

What Bernanke meant to say is that we will continue taxing savers 100%....while allowing banks to borrow at 0% and loan to the government for 2%.... What about the people living on their savings???? Why not let individuals borrow $10,000,000 for free and loan it back to the govt. for a 2...

............................................. Hate to say it but.... Obama is a lot like Chavez........ It is a populist game.... Run "ruined" by the "non-qualifieds".... It is economic suicide.... ie Pelosi, DeFazio, And Harkins want to impose regulations on the securities...

........................................... And a country can only be economically strong if it has millions of strong savers that are given reason to save.... And ?????? The banks lose THEIR deposits because of levered gambling ?????

............................................................. There are a lot of non qualifieds to be added to the long list... Harkin Pelosi Frank Dodd The list gets longer and longer.... DeFazio ....Harkin....and Pelosi would be a good start.... The closest experience...

........................................ And here's her biography.... Zero qualifications regarding the securities industry.....ZERO And has a junior league BA degree.... http://www.votesmart.org/bio.php?can_id=26732 Letting an unqualified individual create legal...

........................................... Incredible..... What if mom and pop saver could do what banks do.... Borrow at 0% and loan back to the govt. at 2%..... No risk loan.....borrow 100% of $10,000,000 and net 2%.... But ....only banks can do this...

If mom and pop US savers are paying a 100% tax..... Then what about the likes of GS ? and others ? ie....Banks can borrow at 0% and loan back to the govt. at 2% What if mom and pop could borrow $10,000,000 for free and place the $10,000,000 back into US Govts debt and net 2% ?????

................................................... The govt. is coordinating/approving/imposing a 0% interest rate policy....in order to bail out the banks.... A govt. imposition is a TAX..... In the case of savers....is a 100% tax...

All savers who were living off of interest of their savings have now been officially charged 100% of their earnings.... In other words they are paying a 100% tax.... This is a govt. imposition ....and IS A 100% TAX....

....................................................................... It is incredible.... A white horse.....IS WHITE.... None of the polys have given any indication of knowing anything about entrepreneurship.... The reason....???? Just take a quick look at the wiki...

Time for a change ????? http://www.elitetrader.com/vb/showthread.php?s=&threadid=184641 It is high time for a 10/5 C tax only..... Eliminate the IRS..... And create the biggest labor shortage the US has ever experienced .....

The UK is getting into the act ????? http://www.bloomberg.com/apps/news?pid=20601110&sid=aGpk8SY8u0WI

................................................. Taxing politicians ? US business is largely dis-functional because of politicians.... Why ? Check their biographies.... Most politicians do not have the background in order to be qualified to make legal impositions.... This is...

........................................... What about actually taxing those actually responsible ????? http://dealbook.blogs.nytimes.com/2009/12/04/a-windfall-tax-for-goldman-sachs/?ref=business

http://dealbook.blogs.nytimes.com/2009/12/04/a-windfall-tax-for-goldman-sachs/?ref=business Better than a transaction tax ? What about the other Banks....? ie The US getting $ from those who caused and benefited ?????

.............................................. In the right direction.... Again....just check their WIKI facts.....ie their bios.... They have no experience in securities of any kind....nada.... But yet want to make legal impositions versus the industry.... This is like asking...