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

Quote from zdreg:

http://news.yahoo.com/s/nm/20100414/pl_nm/us_financial_regulation_obama/print

the big banks will come through unscathed because as ron paul says obama believes in corporatism not in socialism . http://blogs.wsj.com/washwire/2010/04/10/ron-paul-barack-obama-is-not-a-socialist/tab/print to show they are doing something they will pass a financial transaction tax. they will put through this tax with a small exemption which will allow them to say they are not hurting the investor but only the speculators. the revenue forecast will be some ridiculously large number and the deal will be done.
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FYI, first link does not work.

Though I doubt many will click on it since if they read what you wrote, there is a certain glaring disconnect that makes your post read like a conspiracy theory.

Especially with the mountain of evidence which speaks to the demise of a possible transaction tax near to intermediate term.
 
More bleating from the usual suspects:

http://www.commondreams.org/newswire/2010/04/15-8

What is clear today though is that all the remaining pro-FTT voices are from 'outside the tent' and have no power to shape policy.

In both the US and Europe, the IMF, the Central Banks, the Finance Ministries, and even the European Commission have all either voiced opposition to the FTT or at the very least backed down from a previous approval.

As far as I can see there is simply no-one left who can make this tax happen, and campaigners are pleading to an audience that doesn't need to listen.
 
Oxfam might come out big losers from all this.

They won't get their tranny tax, and how many donors on Wall Street or The City will want to donate to them now?

It doesn't pay to bite the hand that feeds you.
 
B.O. throws previously unmentioned Hong Kong into his regulatory reform mix :

ABC tv interview extract April 14, 2010:

President: "I think we’re going to get this done, and the reason is because the American people understand that what happened in 2008 cannot be repeated and so lobbies operate well under the cover of darkness when you have the disinfectant of sunlight on the process and what it is that we’re trying to push for, then I think we’re going to get a very strong financial regulatory reform bill and as part of the G20 we’ll be coordinating with Australia and other countries to make sure that these reforms are not just taking place on Wall Street but they’re taking place in London, they’re taking place in Hong Kong, all across, all around the world we’ve got to recognise that capitalism is absolutely the best system for producing wealth but there’s got to be a regulatory framework put in place to make sure that excessive risks don’t end up bringing the entire system down".
 
Quote from seasideheights:

Get ready for the next wave of Wall Street hatred courtesy of the Goldman Sachs fraud charge.


Wall Street hatred is a bad environment for our cause.
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However, consider that this will satiate some of the populous blood lust as it appears that justice is being served and that there is a watchful eye.
 
Aren't the communist union rallies supposed to be this weekend?
I read nothing about them on Reuters or Marketwatch or WSJ.

Where are the news sites about american communists' actions?
 
Quote from muller:

Aren't the communist union rallies supposed to be this weekend?
I read nothing about them on Reuters or Marketwatch or WSJ.

Where are the news sites about american communists' actions?
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If they have their rallies, it won't be on the weekend. No one will be there.
 
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