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

It would be nice to get her ass out of the house altogether, she is rich anyways, I think she is one of the richest in the house, so she doesnt care about our tax:) She is a witch!! Anyways, I do not think it as merit in the senate either. Those dipshits are introducing it next week, hoepfully leadership comes out and blasts it.
 
Quote from rsikit:

It would be nice to get her ass out of the house altogether, she is rich anyways, I think she is one of the richest in the house, so she doesnt care about our tax:) She is a witch!! Anyways, I do not think it as merit in the senate either. Those dipshits are introducing it next week, hoepfully leadership comes out and blasts it.
More...


Pelosi's argument will just get weaker and weaker, as the unemployment picture is starting to get better, as well as the banks paying back their TARP funds at a rapid pace. Geithner made a great remark in his interview with Liz Clayman yesterday. He said that the TARP funds being paid back to the Gov't. w/interest from the banks are providing the U.S.A. with a great deal of revenue, and will continue to do so as it's being paid off. Morons like Pelosi, Defazio, and Harkin are praying that the banks can't pay TARP back, so they can enact their screwball proposals like a trader tax.
 
Weekly Recap:

- James Cramer support for the tax neutralized.
Great posts by folks here to thestreet.com.
We know Cramer read them by his replies.
Special praise to Rev Shark for his work. (If
you're reading this Rev, hello & thanks much.)

- 'Dear Colleague' letter introduced by Carolyn
Maloney in the House of Representatives
criticizing the transaction tax. Great job in
emailing her & other reps supporting her
initiative. Continued emails would be great.

- Defazio introduced his latest iteration of his
transaction tax bill. We knew this was
coming. He gave his typical stage show
that we see each time he proposes this tax.
He attempted to gain more support this time
with tax rebates for $100k of trades
annually as well as other tidbits, none of which
would allow us to continue with our livelihood.

- Jobs summit in Washington DC. Nice quiet
volume on the tax discussed publicly after
the meeting. I thought that day could
be very problematic for our cause.

- Nancy Pelosi did a lot of talking. How much
was from the heart vs just to pacify a few in
her ranks is the question. The latter is a
moderate possibility.

- Timothy Geithner. He gets a lot of heat from
quite a few corners, but with our cause, we
couldn't ask for more. Discussed the effect
of the tax on the general public as one reason
he doesn't support it. What more could we
ask?

- Scott Redler. Nice job in taking the time to
go on CNBC to fight against the guest who
wants to eliminate our livelihood.

- Security Industry Lobbyist. Very disappointing
in his CNBC debate. We, here, could have
done better. Robert Green has offered his
services for future scheduled media debates
where someone from our side is requested.

- President Obama. No news is good news.


All in all, not a bad week. It could've been worse.

Next week we have the introduction of the Senate
version of the bill by Tom Harkin. A round of
emails by us to our Senators would be helpful
the day the bill is announced after we see the
details of it.

Have a great weekend everybody.
 
Quote from libertad:

http://www.zerohedge.com/article/ge...the+survival+rate+for+everyone+drops+to+zero)



In Geithner's own words.....Today....


In no way, shape, or form....
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Great video. It definitely sounds like Geithner doesn't support a transaction tax, whether it's domestically or internationally. Even Geithner knows that if you enacted a Tobin Tax globally, the big investors would find a way around it, because there are still countries that would never agree to a Tobin Tax. Then who's left to go after? The little retail traders. Geithner is definitely a strong advocate for a fee on the banks, as opposed to a trans. tax. Again, great video.
 
Quote from jksn922:

Great video. It definitely sounds like Geithner doesn't support a transaction tax, whether it's domestically or internationally. Even Geithner knows that if you enacted a Tobin Tax globally, the big investors would find a way around it, because there are still countries that would never agree to a Tobin Tax. Then who's left to go after? The little retail traders. Geithner is definitely a strong advocate for a fee on the banks, as opposed to a trans. tax. Again, great video.
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And Geithner is right! If you want to tax wall street....you put a levy tax on the banks, not a transaction tax!! He has a smart and sane mind and I applaud him. It's the CRAZY LIBERAL NUT JOBS who want to spin this tax they way defagio is!! Peliso is a plastic whore and needs to be taken down!! I hate her! Telling the Country that the CIA lied to her....she is the biggest threat to the USA...not Obama...for some reason he is more GOP than Dem.

Again, it's the liberal agenda to shut all capitalism down. They hate it and despise it and will tank this Country into hell to achieve their goals.
 
Quote from Stok:

And Geithner is right! If you want to tax wall street....you put a levy tax on the banks, not a transaction tax!! He has a smart and sane mind and I applaud him. It's the CRAZY LIBERAL NUT JOBS who want to spin this tax they way defagio is!! Peliso is a plastic whore and needs to be taken down!! I hate her! Telling the Country that the CIA lied to her....she is the biggest threat to the USA...not Obama...for some reason he is more GOP than Dem.

Again, it's the liberal agenda to shut all capitalism down. They hate it and despise it and will tank this Country into hell to achieve their goals.
More...

.................................................

Absolutely Correct....

The Obama/Pelosi polys want the US to become another Haiti....

The ONLY thing that matters to people like this is.... attention and votes....

That's it....
 
Good thing about what was said in the video is the fact when they were mentioning the tax and different fees, he siad he has been working with the administration on them, so we can safley safe Obama is not for the tax per see but for a fee on the insitutions that cuase a crisis!
 
And the treasury secretary has more responsabilities then I thought he is also 5th in the line of presidential sucession.

"The Secretary of the Treasury is the principal economic advisor to the President and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the government. The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt
 
Quote from jksn922:

Pelosi's argument will just get weaker and weaker, as the unemployment picture is starting to get better, as well as the banks paying back their TARP funds at a rapid pace. Geithner made a great remark in his interview with Liz Clayman yesterday. He said that the TARP funds being paid back to the Gov't. w/interest from the banks are providing the U.S.A. with a great deal of revenue, and will continue to do so as it's being paid off. Morons like Pelosi, Defazio, and Harkin are praying that the banks can't pay TARP back, so they can enact their screwball proposals like a trader tax.
More...

Unemployment is getting better? For realzie? http://www.elitetrader.com/vb/showthread.php?s=&threadid=184664
 
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