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Where are guru and seasideheights? They will collapse seeing the news...:p :)

I haven't drunk in 2 months but I will sure crack a beer for Geithner and Strauss-Kahn tonight...They are godsend today.

Timothy, Timothy, Timothy...Please, please, please...Insurance fund, Insurance fund, Insurance fund :D

I hope Geithner didn't change mind after his meeting with Alistair Darling. He just said last time that he "hadn't seen proposals that made sense", that's all...

What a moron...If it is applied everywhere on everybody, the reduction in liquidity will just be damaging everywhere. For sure, that's "non distortinary" to have highway spreads everywhere but that's not good for the economy.

I won't bet on that. Journalists are just unclear, like one time they say it's on currency, next time on securities, next time on every possible transaction. I think this time, it is the last solution and for everybody. If it happens among all western leading countries, I will seriously "go...

Not so sure... In UK, Gordon Brown has no problem killing the city: http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6907688.ece The guy made an unexpected trip to St Andrews to convince everybody to create a transaction tax...

Oil? That's an idea...LOL WTI is not the benchmark it used to be and foreign exchanges are already available...Go for it, you'll see...

We need every broker to call the media and say they would run out of business with this tax, like Schwab did.

I think there is some kind of voodoo in that reference to Summers. One week ago, I customized the whole tobin tax excerpt in french language wikipedia and removed Summers name from supporters. Today, I look at it and the only thing that changed from my text is that Summers name is back...:mad:

Reading these articles, I think the only argument against the tax that they take seriously is the foreign concurrence and the threat of seeing capital flee. We need to make them also understand that when you tax transactions 0.25% , Bid-ask spreads instantly widens 0.25% and the one who will...

Here is an article about the G20 in Scotland : http://news.bbc.co.uk/2/hi/uk_news/scotland/edinburgh_and_east/8345958.stm

1/2 the exchange fees for 1/5 of the size... Decrease your interest for those NOW.

There's nothing new here. I recall some article 2 years ago about JP Morgan making deceiving 8 days of losses in one quarter or something like that... I would also be interested in how many losing days an option market maker like Timber Hill makes on average. It is incredible to see that only...

Now that is a true trader-that-need-to-dig-into-exchange-rulebook talking. My advice is not to talk about HFTs, dark pools when you don't have basic understanding of order matching. On flash orders like it is described, it doesn't seem like front-running because the HFT algo is on the...

Perhaps this has to do with the fact that he is up 15%, just like almost every other year in the last 25 years...

Japan and UK are part of the leading group since this WE... It doesn't smell good. http://www.leadinggroup.org/article467.html I have the intuition that you will all be safe, but I will be screwed. Even though my activity is only on US exchanges with US broker, they will tax me as I trade...

I don't know or remember if it had already been suggested, but when you type "Tobin tax", first result is wikipedia and what makes wikipedia great is that you can define/comment on this idea. It took me 2 hours tonight to "pimp" french tobin tax description in wikipedia. There was so much...

LOL...Getco et al : Earnings : 300M$ FTT : 2B$ due to IRS

"The evil female plant -- marijuana. It gets you high, it makes you laugh, it does not produce a hangover. Unlike alcohol, it does not result in bar fights or wife beating." A Hero... Disclaimer : Im not against or for the use of weed, I just fucking don't care, especially in a fund...