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DeFazio's letter seems directly derived from this article: http://www.taxhistory.org/thp/readings.nsf/ArtWeb/6062A8E3B6C9C7C585257480005BFEE6?OpenDocument It's probably the points of that article we need to be combating, since I'm sure he read that. Here's where the $150 billion figure...

Yes, although that wasn't the intent, it was a complete FUBAR on all fronts really: http://en.wikipedia.org/wiki/Wright_Amendment

Here's the actual letter DeFazio wrote, just for the record. I got it from this site: http://workinglife.org/blogs/view_post.php?content_id=9603 September 23, 2008 Dear Colleague: The Bush Administration is asking Congress to authorize the U.S Mint printing presses to crank out $700...

Why is this such a sticking point for Republicans? Seems like a little thing to me that would actually make Main Street happy. (excerpted from article): Pelosi told fellow Democrats during a closed-door meeting that the idea of letting judges rewrite mortgages to help bankrupt homeowners...

I know, that's why I quoted huh. I was referencing what he said. He was inferring that Republicans might go along with this Democrat proposal because of the ominous way the Republicans had titled their proposal. I was just stating that the actual proposal by the Republicans was sane and made...

Okay, I wrote a letter. Please feel free to cut and paste and use it. Also, *please* comment because it's been a long while since I've written much of anything. I'll revise it based on comments. http://susannahscratchpad.blogspot.com/

Here's the actual proposal. They were just talking about companies paying a premium to the government to have their bonds insured. I don't like the way they titled it, but this is what the actual proposal said (this was linked to in the article): I. Wall Street - Not Taxpayers - Should...

Looks like we might be safe for now: http://www.reuters.com/article/newsOne/idUSTRE48O7X720080925 I think the responses detailing how it will effect liquidity and such should probably be directed to Pelosi's office herself and perhaps to the renegade Republicans that actually listened to...

Here you go: http://www.leveragefx.com/chandelierstop.html It's probably self-explanatory how it would work with random entry once you see it.

swtrader, thanks for the list. I'll get my email together tonight after the kids go to bed! I sent short ones, but haven't had time to get a detailed email together. So, ironically it's actually looking like we might be getting a capital gains tax decrease along with this bill. Who would...

Perhaps we should start coming up with the reasons that Mr. Joe Citizen or Random Small Business would suffer because of this bill (actually make a list we can base a letter off of) and we could send those to our lawmakers? Face it guys, they don't care about a small number of daytraders, but...

Hmmm, this is an interesting article, don't know if I buy it, but it's interesting: http://www.stockhouse.com/Columnists/2008/September/26/Don-t-be-fooled,-Paulson-finally-got-his-superfund And, the conclusion: If you can rise up and view the U.S. economy from a helicopter view then you...

So, you're saying it would all be collected from the broker. That's fine, at least I'd know about it then. If it's something I'd have to put on my tax return, I'd hate to get that surprise, if it was retroactive, well, then I guess I'd just be bankrupt. ETA: I don't mean it's fine, I just...

So, if it did happen, when would it take effect? The day the bill is passed? Do we need to look this legislation over as soon as it is passed? How do they normally start new taxes on things, it's normally the new tax year, right?

We're wasting our time, aren't we? They'll do whatever Paulson's asked for with a few things in there that Democrats to use to show that there are punitive measures for those who caused this. I don't think it's because they don't care, it's because they haven't been given much time and don't...

I guess mine is none of the above, since I don't think cash is the place to be if the dollar goes to hell. I'm hedging my money in other currencies and commodities. I've done some of it already, I'm trying to decide exactly how to do the rest of it (like what to buy what account I want to hold...

Piezoe, I thought of the CDSs. Aren't most of the problems with those related to the people who issued them (like AIG)? Of the entities that bought them, weren't the ones that weren't gambling really just looking to make sure the bonds weren't defaulted upon? So, wouldn't the government...

Have any of you seen this? This actually makes sense to me: http://www1.daveramsey.com/etc/fed_bailout/economic_cleanup_10887.htmlc What are the flaws I'm missing?

I didn't mean to start an argument, I'm just trying to hedge myself against a dollar decline, whether it be gradual or a crash. I'm thinking commodities are the best hedge, but I can't decide if their bubble is done bursting, so I was trying to figure out what else is a good hedge. Forex...

Okay, I'm trying to figure out if it does happen, how would the different markets look? I'm a bit confused about bonds. If foreigners decided to stop buying them, doesn't that mean they'd go for lower prices, thus raising interest rates? If that occurred, wouldn't that lift the dollar...