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Yes but let's say you own UUP (the US dollar ETF) and then a NA currency is adopted, sure there will be ample notice but will the ETF just wind down like any other ETF that no longer trades?

I'm curious, if you were long or short a currency of any of the countries that adopted the Euro, whether it be Germany, France, Spain etc, what exactly happened to your long position for instance when the adoption took place? I'm very curious because if one is short/long the dollar and some sort...

Think for a second how many trades are made per day in one prop desk, let alone every prop desk/individual traders acct/regular brokerage accounts and tell me how a retroactive tax is even possible. There is zero chance of a retroactive tax, but still very concerned about the extremely...

Don't you have to carry your safeword device every where you go?

It's amazing how people sell the lows and buy the highs... I'm sure in March you probably had the same analysis referring to equities.

http://www.youtube.com/watch?v=1IxVCfB7u_0 Geithner on the Transaction Tax

The clip should be up on CNBC.com in an hour at the latest.

Yup that was ridiculous....

Twitter will often get news early. The only caveat, and it's kind of a big one, is it's very often absolute BS.

I personally really like TTN, sure they miss some stuff so I have secondary sources like briefing. I also like how TTN can be used just as an audio service and briefing just as a text service, you shouldn't be missing stuff with both.

Is this a tax on all transaction on the Brazil exchange or just a tax on foreign capital trades?

This is VERY VERY VERY good news *cracks a beer* GIDDDDDDDYUUUUUUUP GEITHNER

I was listening in the background but was he saying he didn't think the tax would happen because it would dry up liquidity or that the tax wouldn't really dry up liquidity if it came into place?

Glenn, I will answer your questions as best I can in hopes of a larger discussion. -I don't think trading US equities offshore would exempt you from the tax. -Alternatives will be wherever the capital flees to (assuming it's not an international tax) Canada would be the place, there...

I haven't heard that either but surely that would be more fair than blanket taxing everyone.

Then capital will just flee and we'll flee with it and be forced to learn how other markets work but at least we'll still have a job.

Heard it about an hour ago on Trade the News and Huckman mentioned it on CNBC. There will be a segment on CNBC during Power Lunch on the tax.

It can't/won't be done unilaterally so if it happens it will be applicable in every country and there will be no where for capital to flee to.

Heard this today, "House and Ways Means Committee Spokesperson; Financial transactions tax not being consdiering by tax writing segment" -- it's a good short term positive but the war has just begun, we have a lot of work to do as this will continue to come up and be pushed. The real problem...