Search results

Guru, Also watch out for the spin machines of bias. You see all teh articles that say bankers to get taxed in new IMF meeting, but when you read it it was not for transaction taxes just an insurance type tax. But they spun it the way of traders getting taxed. Also tax justice is a pro...

That seems like its just for Europe or France for themselves, where some of Euroope will not want one. Let the French do what they want its not our government over there, plus if they do this alone more business for the US. Our government doesnt see it as socially useless. Sarkozy as wanted...

I think for IMF to ratify something it takes an 85% majority and the US has an 16.77% share of voting. So that is all we need:) Plus even if the IMF ratifies something its still moer of a guideline then law, laws are passed by congress so it would still have to go thru them! No worries Guru...

If this were to have any traction here, it would have been done already the million times it was put in by defazio, and talked about by our governement as well but none so far. Go ahead and find old articles during the Asian financial crisis in the late 90s same bigtime talk about the tobin tax...

IMF already ruled out a transaction tax which is good. We might get higher cost here and there for some monthly fees if they do levy banks like they are talking about. I would rather have that where they charge a bank a levy on assets or whatever like a bank, and see how it would flow to us...

Tuckers proposal is not to bad actually thats the smart way to do things there.

No pull for Stiglitz, he has been anit IMF and anti World Bank since he was cheif economist there. He was push to be fired by Larry Summers and the FED for critiscing the world bank and IMF policies. Read more about him, while he is an economist and Nobel winner, he speaks to the media alot...

I agree with you GKI, Its probably more punishment on the banks then anything

Probably not but they are looking into it as merely a FDIC type fund that they get from the banks in case another crisis happens, which they can then either use that money for purposes of a bailout rather then the taxpayer money or use it for less developed countries that will be hurt by a...

For those of you in the US. We all know the imf was tasked with finding a way for money from the bankers. This weekend shed some light on it with the IMF opposing transaction taxes but said a type of FDIC like insurance could be possible, that is fine. Make sense. Whether they get it done and...

Prof Stiglitz, in Istanbul for talks on the fringes of the International Monetary Fund and World Bank meetings, said the tax is “much more feasible today” than a few decades ago, when Tobin recanted Thats says it all above:) He was on the fringes. The people at the real meeting in...

He has been callin for this ever since the US and Europe had him ousted form the world bank. Governments do not like this guy

http://www.cbsnews.com/stories/2009/10/02/business/main5358456.shtml Better spin on it talking about it as an FDIC model, and both people dismissing Tobin!

Seems like maybe somethng along the lines banks pay into the fdic, as long as it doesnt interfere too much with trading. I am sure if banks are charged something they will pass it on to us but in a small manner thats ok. I can deal with it. We shall see. The good thing is the IMF doesnt have...

Well its over and painless today, even when asked where he can get more money or find another way to get seniors money for a one time payment he didnt mention charging a tax on financial transactions. I thought he would there was a pause but nothing said about it so good deal.

This guy has been in congress since 86 , what the hell is wrong with Oregon!

Defazio on now but its about senior citizens right now

I have to tv on to see him but havent seen him yet, maybe i missed the douche, if I see him I will let you know what he said GURU

Same here I use GFT which offers the 400-1 rarely do I use it , usually if i am in a position to avg down or up I use it, but it generally loses so it could be a good thing to tighten up the margin

Actually agreed! Anyways still plenty of margin to work with, we shall see how it plays out and see if they cater to it by having people go to the foreign accounts if they want more then 100-1 or not