Kiss Your Job GoodBye

Well for one thing the transacation tax was brought up bt Barney Frank and some other others in a sense of another sec fee or tax on profits on financial insitutions as well as the transaction tax we are all afraid of. It was brushed over quickly and as for the government , Frank and Pelosi(she wasnt for it) but they put a mandate in the bill to revist the issue once 5 years are up and once we see how much of the TARP was paid back. So for now there is not much to do until it actually comes up and gets some traction somewhere. And even in the 5 years were something come up again it was just a transaction tax it was lets see how we can pay back the taxpayers so it could be any option. For now it didnt pass , it is not in anymore bills till a year after the next presisdential elections. So no need to beat a dead horse
 
Quote from CoralReef:

I hope they learned something.
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They knew what he was going to do, they hoped maybe he wouldn't with their donations. He is run by the far left moveon.org crowd. He works for them not the other way around. I can't wait for 2010 mid elections and hope americans have some sense but then again I put way too much faith in people. How any trader could vote for Obama is beyond me. Talk about biting the hand that feeds you.
 
Democraps love this game, target taxing those groups who they can get their sheeple to hate. Remember the cigar tax to pay for SCHIP? Why of course we all hate those damn cigar smokers, make them pay for children's health care. Traders? they are just as scummy as cigar smokers (I am both...I am simply screwed, the dumb masses are coming for me like the townsfolk in Frankenstein) so you had better make a plan.

Face it folks, Pelosi is a Stalinist and you are the Cossacks
 
Quote from gkishot:

How can we do that? This is the end of daytrading and the end of capitalism.
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Write your Congressmen/women and Senators, especially if you live in the NY or Chicago Area. (Even if you don't live here, write them anyway as if you did.) Schumer understands the importance of a healthy Wall Street as does Lautenberg and the other guy (???). I can't speak for Chicago, but I imagine that they are just as familiar with the potential effect of this.

Like OT says, be vigilant.
 
If they want to get it passed, then there is little you can do about it. People in the know are in minority, most haven't got a clue or can't be bothered :(
 
This is pure ignorance. Speculation is good and encouraging as wide and diverse a speculation market as possible is the best way to accurately predict future and present conditions. Thank you Obama for taking a huge step backwards.
 
100% of market makers make money daytrading.

90% of traders lose money daytrading.

so it's not a big loss for the economy.

it's a zero sum game daytrading activity it's not even an industry.

as for capitalism, the gov't and people are looking out for their best interest. the hell with wall street crooks.



Quote from gkishot:

How can we do that? This is the end of daytrading and the end of capitalism.
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this isn't even speculation it's market manipulation via abusive unregulated leveraging with 100:1 and naked shorting.




Quote from bellman:

This is pure ignorance. Speculation is good and encouraging as wide and diverse a speculation market as possible is the best way to accurately predict future and present conditions. Thank you Obama for taking a huge step backwards.
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Quote from Lucrum:

And we have ET members, claiming to be traders, who supported this buffoon.
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I doubt they're traders, and if they are, they have a socialist or communist agenda and would absolutely love to see America weakened.
 
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