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

Quote from Explorer:

Next year's general election in the UK may signal the death of this horrible idea.

Brown's government is deeply unpopular and are highly likely to be voted out. The Conservatives - who have already voiced their opposition to the tax - will then be the next government. As long as the Conservative Government reject the tax, as seems likely, it would be lunacy for the US or any other country to adopt the tax unilaterally as their business would just be gifted to London.

This tax needs global consensus to have any chance of adoption. Even Gordon Brown acnowledges this.

This gives Brown et al just six months to achieve global consensus, before they are consigned to history.
More...

I can think of very few things that has had a global consensus throughout the history of the human race.

One thing is certain however, nations will do what is their best interest above the interest of other nations most of the time.
 
Quote from Explorer:

Next year's general election in the UK may signal the death of this horrible idea.

Brown's government is deeply unpopular and are highly likely to be voted out. The Conservatives - who have already voiced their opposition to the tax - will then be the next government. As long as the Conservative Government reject the tax, as seems likely, it would be lunacy for the US or any other country to adopt the tax unilaterally as their business would just be gifted to London.

This tax needs global consensus to have any chance of adoption. Even Gordon Brown acnowledges this.

This gives Brown et al just six months to achieve global consensus, before they are consigned to history.
More...

If I am correct about this global governance this all centers around the IMF. The UK's credit rating in on the edge and the IMF may be called on for loans. Join the dots - it doesn't matter who is elected.
 
Quote from Xspurt:

If I am correct about this global governance this all centers around the IMF. The UK's credit rating in on the edge and the IMF may be called on for loans. Join the dots - it doesn't matter who is elected.
More...

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

So you think that "Brown the CLOWN" will ever understand the concept of how markets actually work....and what the market making function is....????

And what happens when the market making function goes away ?

ie there is no market without the market making function....

And does Brown The CLOWN understand it is the very Banks that control market making and will have to be exempt ....in order for there to be markets ?

Thus it is Brown the CLOWN's objective to do away with markets ?

And several $Trillion in publicly held equity ?

Brown the CLOWN, DeFazio, Harkin, and Pelosi need to be held accountable by eliminating their own personal financials ....as well as jail time....by causing undue reckless financial harm to the public....
 
Brown is no clown, he's a very astute financial wizard. It doesn't add up because now he is acting like a clown.

The he suggests a global transaction tax which is laughed at. Now the world is starting to pay attention and it seems like it's under the table at Copenhagen.

Strings are being pulled in my opinion or we have a bunch of neurotic leaders with pmt.
 
Quote from Xspurt:

Brown is no clown, he's a very astute financial wizard. It doesn't add up because now he is acting like a clown.

The he suggests a global transaction tax which is laughed at. Now the world is starting to pay attention and it seems like it's under the table at Copenhagen.

Strings are being pulled in my opinion or we have a bunch of neurotic leaders with pmt.
More...

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

Maybe the banks want the market making function to themselves ?

Just like it was before ecns ?

After all.....they would love to have it back in the name of the public interest ?
 
Has this been posted?

Opponents stalk votes against stock tax

http://thehill.com/blogs/blog-brief...em-opponents-round-up-votes-against-stock-tax

House Democrats who are opposed to a new tax on stock transactions are rounding up their colleagues to oppose the measure, and say they have at least 20 Democratic and Republican supporters.

Rep. Mike McMahon (D-N.Y.) is circulating a letter against the tax idea that Reps. Peter DeFazio (D-Ore.) and Ed Perlmutter (D-Colo.) are backing to raise $150 billion each year.

Sen. Tom Harkin (D-Iowa) and several House Democrats support the provision, but House leaders are wary of pushing forward on the measure if other countries don't proceed at the same time.

McMahon told The Hill on Friday that the 20 opponents of the measure have come just through an e-mail solicitation. "Starting next week I’ll speak directly to folks," McMahon said.
 
Quote from ksharmon:

Has this been posted?

Opponents stalk votes against stock tax

http://thehill.com/blogs/blog-brief...em-opponents-round-up-votes-against-stock-tax

House Democrats who are opposed to a new tax on stock transactions are rounding up their colleagues to oppose the measure, and say they have at least 20 Democratic and Republican supporters.

Rep. Mike McMahon (D-N.Y.) is circulating a letter against the tax idea that Reps. Peter DeFazio (D-Ore.) and Ed Perlmutter (D-Colo.) are backing to raise $150 billion each year.

Sen. Tom Harkin (D-Iowa) and several House Democrats support the provision, but House leaders are wary of pushing forward on the measure if other countries don't proceed at the same time.

McMahon told The Hill on Friday that the 20 opponents of the measure have come just through an e-mail solicitation. "Starting next week I’ll speak directly to folks," McMahon said.
More...

I updated my reply to the Hill at http://www.greencompany.com/blog/index.php?postid=47. My editor will update it further by tonight. My Hill reply takes people to my blog.
 
Quote from libertad:


Maybe the banks want the market making function to themselves ?
More...

Or just the control of the price... The MM will be done trough algo's

And futhermore, Traders are dangerous people in their opinions because they think that we think... ( they are right :D )
 
You must log in or register to reply here.
Back
Top