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

Quote from Anaconda:

Now that's funny!

Out of curiosity, by leaving alone the financial sector, do you mean no Bailouts?
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Yes, no bailouts, no regulations, no hidden socialist agenda. That's illusion that the government can spur the so called "real economy" by killing the profits of one of it's principal sectors ( financial ).
 
Quote from usman88:

1)This tax won't affect non-US citizens
2)US citizens/corporations affected by this tax would move to foreign exchanges (particularly true for futures & options)
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Pelosi is pushing for a global tax. What can we do get get here out of office?
 
Maybe since they just passed this huge overhaul of the financial industry that'll keep them focused on actions needed to implement that vs trying to pass a new tax... keeping fingers crossed!

"The 1,300-page "Wall Street Reform and Consumer Protection Act"

http://www.cnbc.com/id/34382666

-k
 
Here is what is actually happening.....


Pelosi is gifting the BIG BANKS a new windfall revenue stream by granting them sole market maker exempt status....

THIS IS WHAT IS HAPPENING....

The BIG BANKS WILL OWN THE WIDENING SPREAD ......

WITH NO ONE ABLE TO CLOSE IT.....


WHO PAYS IT ?????


RETAIL ONLY......PELOSI/DEFAZIO/HARKIN SAY THE OPPOSITE TO THE PUBLIC.....THEY ARE MAKING THE BIG BANKS PAY ?????
WHEN THEY ARE ACTUALLY GIFTING THE BIG BANKS A NEW MULTIBILLION $ GUARANTEED REVENUE STREAM....SOLEY PAID BY THOSE WHO ARE NOT MARKET MAKERS....




PELOSI/DEFAZIO/HARKIN ARE EITHER:

INCREDIBLY STUPID....

OR

WORK FOR THE BIG BANKS....THEY ARE LIARS....


MY GUESS IS SOME OF BOTH.....
 
Quote from libertad:

Here is what is actually happening.....


Pelosi is gifting the BIG BANKS a new windfall revenue stream by granting them sole market maker exempt status....

THIS IS WHAT IS HAPPENING....

The BIG BANKS WILL OWN THE WIDENING SPREAD ......

WITH NO ONE ABLE TO CLOSE IT.....


WHO PAYS IT ?????


RETAIL ONLY......PELOSI/DEFAZIO/HARKIN SAY THE OPPOSITE TO THE PUBLIC.....THEY ARE MAKING THE BIG BANKS PAY ?????
WHEN THEY ARE ACTUALLY GIFTING THE BIG BANKS A NEW MULTIBILLION $ GUARANTEED REVENUE STREAM....SOLEY PAID BY THOSE WHO ARE NOT MARKET MAKERS....




PELOSI/DEFAZIO/HARKIN ARE EITHER:

INCREDIBLY STUPID....

OR

WORK FOR THE BIG BANKS....THEY ARE LIARS....


MY GUESS IS SOME OF BOTH.....
More...

I agree. They saved the jobs of the big banks by bailing them out as to cut the jobs of the small retail traders now. And in the end the ignorant main street is going to pay the price of all that because the politicians can't afford to undermine the profits of the big banks as too important for the economy.
 
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