"I propose to take the Robin Hood (RH) proposal a step further by giving someone (probably the manager of the Central Bank) the power to raise and lower the RH fee on speculative trades. In times of market volatility, when the traders are dumping their risky assets, the fee can be raised, quite considerably even if panic is setting in. This would immediately lower the dumping of stocks etc because of the extra losses as a result of the higher RH fee."
"Seems, though, that there is a business opportunity to start a new exchange that encourages investing, not trading; and patience, not panicky trigger fingers. It might be that trading can only occur periodically, like once a quarter or once a year. How about it?"
I want some of those deals being taken by investors, the ones that are not speculative, they must be a sure thing? Guaranteed to succeed and guys all you have to do is buy and wait, this is going to revolutionise wall street! And in the event of a market crash these products are immune, you wont have to sell them like those traders Dumping there Risky Assets.
Fucking idiots left right and center - between these, the monkeys in the EU parliament and the " theyjustlosetheyjustlose" people where does it end.....I only joined this forum for this thread, to that time I did not read any opinion drivel on the internet about trading, its a different universe..theyjustlose!!!!!!!
IMHO this committee (or super committee I guess it's called) is most likely just another waste of time and resources. Can you say gridlock and nothing gets done.