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

Quote from listedguru:

Obama rips "fat cat bankers" on 60 Minutes this Sunday:

DIALING IT UP -- President Obama took aim at "fat cats bankers" in an interview airing this Sunday on CBS's "60 Minutes," slamming the financial services sector for failing to learn the lessons of the recession.

"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," Obama told Steve Kroft, who interviewed him earlier this week.

The president expressed concern that banks are returning bailout money to the government simply so they can pay out massive end-of-year bonuses without restraint.

"I think that in some cases, [to be able to pay bonuses] was the motivation," he said. "Which I think tells me that the people on Wall Street still don’t get it…They’re still puzzled why it is that people are mad at the banks. Well, let’s see. You guys are drawing down $10, 20 million bonuses after America went through the worst economic year…in decades and you guys caused the problem."

http://www.politico.com/politico44/

-Guru
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I mentioned yesterday that Obama will start going after Wall Street more because he's being viewed by the far left as siding too much with the financial sector.

And as I said before, I hope we don't get caught in the crossfire.

By summer, Geithner will be gone. Hopefully we'll get a replacement that sides with us.
 
Quote from Anaconda:

Listen, try to educate yourself about how politics & the media machine work in this country. The average voter buys the official line and sticks by it. When the intended consequences hit, the politicians already have a number of excuses to blame it on.

"Once everyone realizes", lol, realize WHAT? If they ever realized anything, there would have been a full scale upheaval decades ago. Look at you, you still have not realized that there is no significant difference between Republicans & Democrats.
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Yeah, there's no difference between Democrats and Republicans. lol The Republicans believe that you have the right to make your own decisions and choices in life, while the Democrats feel they have to make those choices for you. With the Democrats, it's all about controlling every breath you take. And of course, the mainstream media will buy into all that bullshit, ***which is why the majority of America has nothing but hate and mistrust for the mainstream media.*** Why are the ratings so high for networks like Fox News, and so low for CBS, NBC, CNBC, ABC, CNN, MSNBC, etc....??? Because Fox represents the American people, and not the politicians propaganda. Your theory is idiotic and pointless, as per usual.
 
Europe calls for action on casino banking and excessive bonuses:

http://www.dail*****.co.uk/money/ar...-action-casino-banking-excessive-bonuses.html

"The European Union yesterday urged the International Monetary Fund to plan for a global tax on financial transactions - the so-called Tobin tax - amid growing signs that even America may be persuaded to introduce the measure."

"The US has resisted calls for draconian measures against remuneration, and Treasury Secretary Timothy Geithner has told Prime Minister Gordon Brown that he does not support a transactions tax either. But sources across the Atlantic say rumours continue that the tax will be forthcoming."

Who are these 'sources' indicating that a tax is forthcoming? Defazio perhaps? This has to be garbage.


-Guru
 
Quote from listedguru:

Europe calls for action on casino banking and excessive bonuses:

http://www.dail*****.co.uk/money/ar...-action-casino-banking-excessive-bonuses.html

"The European Union yesterday urged the International Monetary Fund to plan for a global tax on financial transactions - the so-called Tobin tax - amid growing signs that even America may be persuaded to introduce the measure."

"The US has resisted calls for draconian measures against remuneration, and Treasury Secretary Timothy Geithner has told Prime Minister Gordon Brown that he does not support a transactions tax either. But sources across the Atlantic say rumours continue that the tax will be forthcoming."

Who are these 'sources' indicating that a tax is forthcoming? Defazio perhaps? This has to be garbage.


-Guru
More...

There are no sources.. considering their stories always cite such old information I think it's pretty obvious they're flying by the seat of their pants. There should be a tax every time a reporter cites a "source" to give himself credibility when there is none...
 
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