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Yes, absolutely contact Rangel and Schumer as well, there is no way Schumer could support this.

After the market close and the weekend or whenever you have some time, WRITE, CALL IN, COMMUNICATE as much as possible so we can get our voices heard. Also, I'd be curious to know what InteractiveBrokers, ThinkorSwim, Etrade etc now have to say that this is actually being proposed.

Bump

"Easy money" "Money doesn't fall from the tree anymore" You do realize 90% of traders lose money, right? Have you taken the time to read why almost all countries that have the tranny tax are likely to repeal it? Have you done any research whatsoever on this subject? Those are...

Get going writing congress, senators, etc, especially everyone that has their name on this. Bitching about it on ET won't help us, let's get to work and actually make our voices heard and drive them nuts!

Isn't shorting BB's/Pinks illegal? It seems through IB it's quite simple.

Amazing find Guru, reading that really makes it seem like this is incredibly unlikely to even be considered and it is something that we can really relax about for now as for the time being this wont be passed.

It really depends how you trade but for some people this tax will make trading much, MUCH easier as big moves (short squeezes, news etc) will be much bigger due to lack of volume, spreads, etc. Others it will completely eliminate from the game unless they get an exemption which I believe will be...

He talks like he's gay, which he is.

Can you trade CDO's on IB?

Ya but both are living in some pretty nice places.

I don't have time to get into detail, but seriously, what is the difference between these two? Madoff scammed investors by selling a baseless and unrealistic dream and investors did no homework because the dream was too good to let go, even though the facts didn't support anything that was going...

Perfect job for Stock_Trad3r? Trading mentor. Only $50,000 per student.

Stock_Trad3r, are you bankrupt yet?

Stock_Trad3r... oBvi0usLy!

Yep, the strategy that historically has worked would be to buy an index and over 25 years you make money. However, past returns are not indicative of future results.

AIG, FRE, FNM, ABK, BSC, LEH all had very low P/E's and according to you were great buys when they were 75% off their highs.... unfortunately they're now 98% off their high's and in 25 years you will still not be in the money

Completely disagree, once the powerful start talking about it then we'll be in a lot of trouble and it will be almost impossible to stop. Might as well squash every little piece out there regarding the tax and shame those misinformed suggesting this as a benefit to anyone.

That's a good thing because anything Nader proposes never happens.

They won't be able to "sneak it in" -- this is a huge topic in which Summers knows quite a bit about and it's not something that will just be "missed" in a big bill. If it's implemented then it's because they wanted it in and thought long and hard about it and made the stupidest decision of...