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

seasideheights · Dec 11, 2009

Quote from abattia:

http://news.bbc.co.uk/2/hi/business/8407439.stm

EU calls for tax on bank transactions

These politicians have stuck their noses out so far in support of this tax that, in this climate, if they step back from implementing it now, it will look to their general public's that they've given in to the banking sector, which is politically toxic for them.

Let's hope the remaining countries have firm backbones in resisting the tax which will eliminate our livelihoods.

libertad · Dec 11, 2009

Quote from seasideheights:

These politicians have stuck their noses out so far in support of this tax that, in this climate, if they step back from implementing it now, it will look to their general public's that they've given in to the banking sector, which is politically toxic for them.

Let's hope the remaining countries have firm backbones in resisting the tax which will eliminate our livelihoods.

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Brown The Clown ....will no longer exist....

The Polys that do not get it are setting themselves up....

For a FALL....

The IMF will never approve it....never....

The IMF understands that Banks would have to be exempt for the market making function....

If there is no market making function ....there is no market....

A Tobin Tax will therefore not tax banks....

This issue will come to the surface sooner or later....

And every one of the populist polys, journalists, nonqualified economists, and the rest of the populists and media sales people .... will look like nonqualified fools....

WHICH THEY ARE......

FightTheFuture · Dec 11, 2009

Geithner repeats the same line: "I have not seen a version that I think works."

December 10, 2009, 5:00PM EST

http://www.businessweek.com/magazine/content/09_51/b4160013906753.htm

ksharmon · Dec 11, 2009

The Government Is About to Destroy the Market

http://www.growthstockwire.com/archive/2009/dec/2009_dec_10.asp

rsikit · Dec 11, 2009

Quote from FightTheFuture:

Geithner repeats the same line: "I have not seen a version that I think works."

December 10, 2009, 5:00PM EST

http://www.businessweek.com/magazine/content/09_51/b4160013906753.htm

That article is a quote from his bloomberg interview last week

In a talk with Bloomberg TV's Al Hunt on Dec. 4, Geithner spoke about the unemployment crisis and the debate over so-called Tobin taxes, a proposed global levy on financial

libertad · Dec 11, 2009

Quote from ksharmon:

The Government Is About to Destroy the Market

http://www.growthstockwire.com/archive/2009/dec/2009_dec_10.asp

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What is interesting about Jeff Clark....

Even though Clark speaks against the tax....

He does not understand the market maker exemption
and how it is that the TT would have to exempt the banks from the tax because of the market making function....

This is the bottom line....

One sentence would say it all such that even the non qualifieds can understand it....

No market maker exemption...no markets....
The market makers exemption....exempts the banks....

It will show up in the media sooner or later.....

rsikit · Dec 11, 2009

Lots of news out there today about the EU calling for the tobin tax to fund bailouts. They had the EU council meeting last night. I havent seen the final communique yet, but there was big support throughout the EU member nation for a transaction tax. If it is in the final communique it was approved by all 27 members. So this way we can get a feeling of what they are thinking. But now this is gaining real steam overseas, just what we do not want. They key is the IMF, but the Europeans are pressuring the IMF pretty good these past few. So try to also write the IMF, explain why this wont work.

libertad · Dec 11, 2009

Quote from rsikit:

Lots of news out there today about the EU calling for the tobin tax to fund bailouts. They had the EU council meeting last night. I havent seen the final communique yet, but there was big support throughout the EU member nation for a transaction tax. If it is in the final communique it was approved by all 27 members. So this way we can get a feeling of what they are thinking. But now this is gaining real steam overseas, just what we do not want. They key is the IMF, but the Europeans are pressuring the IMF pretty good these past few. So try to also write the IMF, explain why this wont work.

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The IMF already knows.....see previous posts....

rsikit · Dec 11, 2009

Quote from libertad:

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

The IMF already knows.....see previous posts....

Thanks I know this , I am talking about pressuring them again! and again, something and someone will crack.

libertad · Dec 11, 2009

Quote from rsikit:

Thanks I know this , I am talking about pressuring them again! and again, something and someone will crack.

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

Exactly....

If the IMF would simply make the statement that I just made...

It would be the end of TT....

The bottom line logic is...

It is not possible for it to be any other way.....
A fact that even politics via the IMF cannot deny....

Politicians are like camelions.....their color changes as needed....to survive....