1/4% Tax on all stock trades pushed in NY Times today

Quote from ShortSqueeze77:

Well lets see how she presents the topics. I'm sure she has a chorus of opposition in her ear which hopefully she will represent in the segment.
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Kudlow should be the one hosting this segment.
 
Quote from ShortSqueeze77:

Well lets see how she presents the topics. I'm sure she has a chorus of opposition in her ear which hopefully she will represent in the segment.
More...

We've already seen how she presents the topic. She's for the tax. I agree with Seasideheights, let's email the sponsors of her program about the devastating consequences of the tax.

OldTrader
 
Funny thing just saw on cnbc, the commercial is for Fidelity, and this commercial is called TRADE LIKE A PRO for only 8 bucks. It touts there amazing trading platform to make split second decisions wiith a lot of information at your heels. I would think big sponsers like fidelity whom advertise Trading commercials on cnbc would get pissed at her bias toward the tax, or her producers saying, hey honey these guys pay your salary so lighten up!
 
Quote from rsikit:

Congress and senate before they vote will hold debates on it and I am sure Geithner/Obama Administrations opposition to this will come into play but for the mean time, it doesnt have anywhere near the support it needs to pass if it were looked at within our government. Beides all the talk , the bill has not been looked at or under consideration after it has been sitting there for almost a year now. So this was definately a big blow to anyone talking about pushing through the tax. Where we still need to be cautiuos here at home for it, it definatley lost a lot of its legs thig weekend. Eespcially if the IMF comes up with a way to tax banks for this with out taxing retail or penison fund transactions as Geithner said in his TV interview , he wanted something that would not affect retail or pension, so thats why the levy against banks in some form of insurance fee might be something they are looking at. When the IMF reports back in April on this as one of there conclusions it will help. People like Defazio in congress will no longer be able to say we are not doing anything for those responsible for the crisis, instead of retail the institutions will be taxed or assed a fee and not on transactions. So besides having no merit already Defazio's bill will be even worse becuase we would have found a way to recoup money and protect for future crisis's with a fund. Either way , one step closer after this weekend which is a positive step
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Yes I know and I agree with everything you are saying but for anyone to say the issue is dead is just wrong and we must remain vigilant.
 
Quote from drukes1234:

Yes I know and I agree with everything you are saying but for anyone to say the issue is dead is just wrong and we must remain vigilant.
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Yes you are right and I love these big positive steps in our direction, but I agree it is not a completely dead issue. Maybe on the internation stage. Here in the US I want the same thing to happen in congress or senate where we get the same kind of positive news:) So we must stay vigilant like you said Drukes.
 
Quote from OldTrader:

We've already seen how she presents the topic. She's for the tax. I agree with Seasideheights, let's email the sponsors of her program about the devastating consequences of the tax.

OldTrader
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They already know the consequences. Schwab is one that discussed it on their most recent earnings conference call. Call them & ask why they're advertising on the 2PM Street Signs show that REPEATEDLY promotes the very idea that their CEO said will damage their business.

Advertising on CNBC is understandable. Advertising on the one program that will damage their business is odd.

http://www.schwab.com/public/schwab/nn/customer_service/contact.html

You don't have to be a customer to contact them.

A 60 second email will do a lot more than reading this thread or worrying about it.
 
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