Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say

This would not only finish trading equities and bonds....

This would finish equities and bonds being in the US....
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I have mentioned many times that legal largesse is one of the main problems in the US....

This type of legal largesse would domicile the exchanges in Hong Kong, Dubai, and elsewhere....

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Quite frankly, if it were cheaper for me to list on other exchanges , why would I not ?

The US is going to refuse my companies creating jobs on US soil?

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Quite frankly, it is possible that the exchanges would be better for traders and everybody else.....

If they were domiciled somewhere else....

Especially when somewhere else means more efficiency ....
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Look computer banks could be anywhere....

What trader cares where the computers are ?

And what trader would want to trade in the US, if they can trade elsewhere without the Patriot Act and the long list of bullshit that just hampers good efficient trading ?

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What would make sense is to have a worldwide 24/7 internet exchange line where one can trade all stocks, bonds, currencies worldwide.....

Housed away from legal largesse US bullshit....
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Think not ...?

Look at what BATS has done in such a short period of time.......

Now think about a consortium of BATS in efficient and willing jurisdictions.....

Would one not just love a single efficient highway for all of it....????

Any stock, any bond, any currency, or conversion thereof.....

Done with the BATS model, with the least middlemen/legal largesse possible.....

Computer banks do not care where they are....nor do traders.....

F the idiots and let them swim in their idiocy......

The 24/7 should be a Globalized....never interfered with ....capitalistic entity.....

Go Hong Kong !!!!!!
 
The same Wall Street speculators and investors who are principally responsible for having caused this avoidable financial crisis and profited from it must now be required to pay for it, not U.S. taxpayers,'' according to the letter, which was signed by Representative Peter DeFazio, an Oregon Democrat, and Representative Pete Stark, a California Democrat.
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man...this is just sounds retarded..how investors can be responsible for this mess? they are those savvy folks,who just got raped in ass on those financial stocks,bonds etf-you name it. they all screwed and now they are responsible for whole crisis. those white house idiots are in f*n fantasy land..this is just insane statements they are making.
and on how many levels i need to be taxed in US? where is the end of it?
 
This is totally insane.

For the first time, I am really starting to
worry about the future of the US.

Nancy Pelosi and friends will destroy
the US and the $.
 
Quote from Bob111:

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and on how many levels i need to be taxed in US? where is the end of it?
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you will be taxed till you screech with pain. and then taxed some more...

:(
 
Quote from Cutten:

Why would a politican from Chicago sign a bill that would put the Merc and the Board out of business?
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i dont think anyone's ever claimed that the Merc was responsible for any of this, or that they would get any of the bailout

but this provision would take them out completely

hopefully, they will jump right on this
 
Worse case, almost impossible scenario: it happens. Unlikely, but more ridiculous legislation has been passed in this country. If that happens...

1. Trade the DAX, the Nikkei, the Hang Seng, or any number of other non-US futures products;
2. Trade American futures in an IRA.

If 1 or 2 do not work/are not feasible, find a new career as a politician!
 
Quote from jordanf:

One overlooked aspect of this rescue/bailout/circlejerk is that in exchange for the $700 billion the politicians have all kinds of ammunition to do all manner of stupid things.
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Circlejerk. The best description I've heard yet.
 
this is why anyone who votes for the democratic party is an idiot

I disagree with republicans, but less so

ron paul should just make a new party and I would vote for party 3
 
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