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Transaction Tax Bill has now been introduced
- Thread starter Bullet
- Start date
Quote from tradersboredom:
it's a ban on abusive market manipulation by people with large sums of money.
and institutions don't appreciate shorts profiting from downside.
Hey Knucklehead,
it's the CFTC's job to regulate the futures markets against manipulation. That's why they were set up by Congress.
ANYONE who defends this ill-conceived bill should have their head examined - they are either COGNITIVELY IMPAIRED or UNFAMILIAR WITH THE FACTS.
--HAROLD
Quote from Cesko:
Maybe you should do some research, yes it was approved. It doesn't mean you can trade it yet. Check IB's Globex offerings and tell me if you find k200 OK? Options on k200 are more ineresting anyway.
you trade it on the krx directly
the two false statements, i dont see anything about the cme in there.âTo begin with, KRX has yet to receive approval from the CFTC permitting access to their products from the U.S. And even if they do, U.S. investors will still have to trade through a Korean broker and clear their trades in won,â
whether the rest of the article is about the cme or not is irrelevant
The bill has no chance for a million different reasons.
it's also the pricipal of capriciously depriving people of livelyhoods without cause
congress has been doing this violently since 1990
the most illiquid investment of all is a career investment
NAFTA, MFN-China -> destroyed manufacting jobs
Illegal immigration -> destroyed construction, meatpacking etc jobs - jobs that weret great, but an hoest man could give kids a workeing class life - better than nothing
1997 era "No problem - everyone can just retrain for computers - we'll be a service economy"
then came this great quote from wes clark in the 2004 primary debate
"Let them do the software in India, we'll do other things in this country" remark. This absolutely stunned people. Clark might as well have put up billboards saying,
"Clark to Programmers: Drop Dead."
(and manufacturing people, if you just graduated with your computer sicence degree, 'sorry about that Chief')
http://www.cs.ucdavis.edu/~matloff/Archive/Clark.txt
could we have a little more detail on what the 'other things' are?
in the 2004 debate, both bush and kerry gave suggestions that people with masters degrees in technical fiels could just go to a community college, take a course and start their new careers
former fed res guy alan blinder admitted this labor model could wipe out up to 40 million white collar jobs
and now they're going to blow away everything anyone has invested in trading, without any analysis whatsoever
some might say 'but you were for all that globalism stuff'
I WASNT - starting with perot in 1992 - i knew where it would take us - right here
retrain, retrain, retrain, you can just retrain
FOR WHAT?!?!?!
congress has been doing this violently since 1990
the most illiquid investment of all is a career investment
NAFTA, MFN-China -> destroyed manufacting jobs
Illegal immigration -> destroyed construction, meatpacking etc jobs - jobs that weret great, but an hoest man could give kids a workeing class life - better than nothing
1997 era "No problem - everyone can just retrain for computers - we'll be a service economy"
then came this great quote from wes clark in the 2004 primary debate
"Let them do the software in India, we'll do other things in this country" remark. This absolutely stunned people. Clark might as well have put up billboards saying,
"Clark to Programmers: Drop Dead."
(and manufacturing people, if you just graduated with your computer sicence degree, 'sorry about that Chief')
http://www.cs.ucdavis.edu/~matloff/Archive/Clark.txt
could we have a little more detail on what the 'other things' are?
in the 2004 debate, both bush and kerry gave suggestions that people with masters degrees in technical fiels could just go to a community college, take a course and start their new careers
former fed res guy alan blinder admitted this labor model could wipe out up to 40 million white collar jobs
and now they're going to blow away everything anyone has invested in trading, without any analysis whatsoever
some might say 'but you were for all that globalism stuff'
I WASNT - starting with perot in 1992 - i knew where it would take us - right here
retrain, retrain, retrain, you can just retrain
FOR WHAT?!?!?!
Quote from GCSICLRBC:
ANYONE who defends this ill-conceived bill should have their head examined - they are either COGNITIVELY IMPAIRED or UNFAMILIAR WITH THE FACTS.
--HAROLD
Short or long term traders/investors that lose money believe that the only cause of their loss is that the market is rigged or manipulated. They believe they could finally make money if only short selling was banned or, if you can even believe it, if taxes were increased, etc.