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I cannot read it either, but anyways I wouldnt put anything past california since they need the money!! Anyways from the title about otc derivatives, I would think it means the same thing the house is trying to do to reform otc derivitives, like the CDO'S CMBS'S etc..

And by the way I have a taxable account also linked to the IRA in GFT so I trade both at the same time. For Example, I hit trade one time and what ever I had specified whether its 1 standard lot or 5 minis, it puts each of that amount in each account. So it makes it easier to trade if you want...

You can trade FX or futures in an IRA. Depends on the broker and what custodian they use. I use Millenium Trust as a custodian, I have a futures account thru tradestation with them and Open E Cry and also have a forex account with GFT thru Millenium Trust as custodian. You open an IRA with M...

These guys are just following one article after another, they do not do their own research, they have no clue. Thats why all the info is always screwed up about who is for it, or if the tax is on everyone or just the bailout banks. These dam articles are annoying.

Do we really need a walmart or starbucks on every corner , thats useless as well! Waste of space and wasted money to china buying all the shit from them! :)

I havent heard that either, but the hr 1068 legislative bill mentions the tax on everyone . So i attribute the reuters just got it wrong and didnt do the due diligence

Of course seaside I agree with you, this has been in ways an means a long time and is presented every year so far not gaining anymore democratic support which is also good. So yes keep monitoring it as well. Also the hype is lessening on CNBC which is good, the people for and against are less...

That actually wasnt as bad as it was the last few times, they didnt mention what the tax number was which is good. I wouldnt mind a sec type tax on futures or currencies since it is small. That guy was open to a price for the tax. But either way atleast we didnt have the cheerleader Erin Burrnet...

Ok cnbc segment not a big deal, but come on that chick, could they get someone else, love the accent and would have fun with her but geez ! Just glad the house ways and means spokesman said not looking into it some good news:) This is from Trade the news front page Today 11:11am...

Thanks for the update Drukes, and old trader

Drukes where did y hear about the tax writing segement not considering the tax?

My guess is they are doing things behind the scenes but also waiting till this really gains traction in a real sense, not just an article here or there like it has been. The bill thats been in the house since Defazio put it in there last Feb I believe, is probably not to much a worry for these...

Here is the link to the hearings and transcripts to the meetings that the WSJ article was talking about last week if anyones interested http://waysandmeans.house.gov/hearings.asp?formmode=detail&hearing=692&comm=2

Guru, I went to the house ways and means committee website this weekend. I looked at the schedule of last week. The meeting that took place that the wall street journal was talking about was not with the ways and means committe main and most powerful members it was with a subcommitee called...

GKI , Maybe you can email the STA securities traders assoication. They are a big association with good leadership. They wrote a letter to congress back in Feb when this first came about with Defazios bill. They might be up for taking on that role.

Maybe and maybe not Prime but it doesnt hurt to chime in and try. Becuase there is a lobby and maybe that someone of prominence will be on our side. Then when they start to lobby government officals will remember all the letters they got from us and that might help tip it on our favor. Anyways...

True but I think both will work GKI the more the merrier. Someone posted a letter you can jsut put your email address in and it goes to your district rep from where you live in washington. I did that and it tells you how many people form your state have sent the same letter . I am in NC and it...

I second that Drukes

Thanks Drukes1234, I tried to think of any official that might either sit on a committee this can be put in front of or officials from a state where its important to their state economy like NYC or Chicago. So now I need to find and email Chicago's officials. If you think of anyone else...

Anyways back on subject. I contacted some government officials thru emails just to try and get my voice heard. I contacted Charlie Rangel and David Camp both ranking members on the house ways and means committee. I contacted John Boehner, Chuck Schumer and Barney Frank. As well as officals from...