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

Quote from MrPowerBallad:

Good lord, I guess this is what happens when you get Obama in a room with Sarkozy without Timmy G by his side:

Sarkozy Confers With Obama on Transaction Tax

French President Nicolas Sarkozy said that he and President Barack Obama shared a “common analysis’ on the financial transaction tax.

Speaking after bilateral talks today at a Group of 20 summit in Cannes, France, Sarkozy said that the summit needs to be ‘‘hand in glove with the U.S.’’

‘‘We need the leadership of Barack Obama,’’ Sarkozy said.

http://www.bloomberg.com/news/2011-...n-analysis-with-obama-on-transaction-tax.html
More...

Geithner makes policy and Obama makes politics. Geithner won't make bad FTT policy, but Obama will play diplomacy at the G-20, and speak to his hard-left base back home in the US.

Many of Obama's cronies are up in arms calling for FTT including Trumka and unions, OWS his Acorn-inspired fledgling Tea Party voting block, Gates (liberal billionaires) and more. They have invested a lot in the run up to the G-20 and Obama won't insult them out of hand.

Geithner said he was leaving after the debt ceiling was agreed to. I hope that's not after the super committee reports on Nov. 23. We don't want FTT to be on Obama's campaign fundraising hit list.
 
Quote from MrPowerBallad:

Good lord, I guess this is what happens when you get Obama in a room with Sarkozy without Timmy G by his side:

Sarkozy Confers With Obama on Transaction Tax

French President Nicolas Sarkozy said that he and President Barack Obama shared a “common analysis’ on the financial transaction tax.

Speaking after bilateral talks today at a Group of 20 summit in Cannes, France, Sarkozy said that the summit needs to be ‘‘hand in glove with the U.S.’’

‘‘We need the leadership of Barack Obama,’’ Sarkozy said.

http://www.bloomberg.com/news/2011-...n-analysis-with-obama-on-transaction-tax.html
More...

Where the heck was little Timmy G during this 'common analysis?' I thought I read that he was attending this G20 with Obama? Maybe he was out sightseeing (LOL).
 
BRIEF-NYSE CEO warns on Europe trans tax, MiFId proposal

Nov 3 (Reuters) - NYSE Euronext <NYX.N>:
* CEO says Europe transaction tax, MiFId proposals could force it to seek other
jurisdictions
 
Quote from listedguru:

Where the heck was little Timmy G during this 'common analysis?' I thought I read that he was attending this G20 with Obama? Maybe he was out sightseeing (LOL).
More...

pollyanas on this thread -there is no tax that obama doesn't like unless it falls on his black and union constituency.

remember obama has not forgotten that geitner disobeyed his orders which might have resulted in the breakup of citicorp.
perhaps a little tit for tat.
 
Obama is irrelevant in this argument. It is all rhetoric from his dais.

Congress is where everyone's attention should be. An election cycle is coming next year and we should focus our attention there. The President cannot just use executive order to install a tax. All tax policy has to come from Congress.
 
Quote from MrPowerBallad:

Good lord, I guess this is what happens when you get Obama in a room with Sarkozy without Timmy G by his side:

Sarkozy Confers With Obama on Transaction Tax

French President Nicolas Sarkozy said that he and President Barack Obama shared a “common analysis’ on the financial transaction tax.

Speaking after bilateral talks today at a Group of 20 summit in Cannes, France, Sarkozy said that the summit needs to be ‘‘hand in glove with the U.S.’’

‘‘We need the leadership of Barack Obama,’’ Sarkozy said.

http://www.bloomberg.com/news/2011-...n-analysis-with-obama-on-transaction-tax.html
More...

Here's a little more from Sarkozy:

http://www.euronews.net/2011/11/03/obama-and-sarkozy-seek-common-ground-at-g20/

“I would like to pay tribute to President Obama’s understanding of issues, including a financial transaction tax, where we compared our points of view,” Sarkozy told a joint press conference at the French Riviera resort. “I think we have a common analysis on how to get the world of finance to contribute to resolving today’s crisis.”

Certainly not an endorsement of the ftt by Obama so thats good news:)

-Guru
 
Quote from JamesL:

Obama is irrelevant in this argument. It is all rhetoric from his dais.

Congress is where everyone's attention should be. An election cycle is coming next year and we should focus our attention there. The President cannot just use executive order to install a tax. All tax policy has to come from Congress.
More...

do u there believe is no workaround.? how about an sec fee that is the equivalent of an ftt?

if u are concerned defazio and cohorts are lurking around this thread and wish to have this post deleted let me know.
 
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