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

Senior German CDU lawmaker Meister:
Should talk with Britain over “package” to implement EU-wide financial transaction tax
(don’t waste your breathe)
 
Quote from Explorer:

Geithner rejects FTT (again)

http://www.cnbc.com/id/44547867
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WROCLAW, Poland - The U.S. Treasury Secretary Timothy Geithner called on euro zone countries to commit money to avoid financial system difficulties but rejected suggestions for a financial transaction tax, Austria's finance minister said on Friday.

"In these countries, there is a desire for a transaction tax because a transaction tax would use the liquidity which is on the market for stability. He (Geithner) ruled that out."

Very good news indeed. So Geithner is basically saying no at both an EU ftt as well as a G20 ftt. Way to kill two birds with one stone Timmy:)

-Guru
 
"I found it peculiar that even though the Americans have significantly worse fundamental data than the euro zone that they tell us what we should do and when we make a suggestion ... that they say no straight away."

"I had expected that when he tells us how he sees the world that he would listen to what we have to say."

Apparently this time , there was no politically correct " we are not prepared for it "like in St Andrews 2009, but a straight "You europeans start to be just slightly boring with that crap".:)
 
Quote from TraDaToR:

"I found it peculiar that even though the Americans have significantly worse fundamental data than the euro zone that they tell us what we should do and when we make a suggestion ... that they say no straight away."

"I had expected that when he tells us how he sees the world that he would listen to what we have to say."

Apparently this time , there was no politically correct " we are not prepared for it "like in St Andrews 2009, but a straight "You europeans start to be just slightly boring with that crap".:)
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Sounds like nothing but sour grapes.

Also, if memory serves, I recall Europe butting their nose into our business these past few years telling us to get our house in order. Sucks when it is thrown back at them.
 
""I had expected that when he tells us how he sees the world that he would listen to what we have to say."

Really? When somone tells you to get a backbone and save the system that sustains the hundreds of millions of people you hijacked then went on to misrepresent to the point of breaking, when someone tells you to pull you incompetent finger out of your ass and do what needs to be done to save the banking system all you can do is quack a financial illiterate worn out idea that would even in safe economic times cause a fucking crisis...

It feels so good to live n Europe....
 
Quote from JamesL:

Sounds like nothing but sour grapes.

Also, if memory serves, I recall Europe butting their nose into our business these past few years telling us to get our house in order. Sucks when it is thrown back at them.
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the US never got its house in order. it has burdened future generation with debt which will eventually destroy the $US.

more on topic: for the Pollyannas on this thread the FTT is never dead.
http://finance.yahoo.com/news/EU-fi...tml?x=0&sec=topStories&pos=main&asset=&ccode=
 
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