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    Forums ›› Main ›› Wall St. News ›› It's official: Merkel seeks German F.T.T. at NYSE  


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d08
 

Registered: Aug 2008
Posts: 1374

 

01-15-12 02:03 AM


Quote from tortoise:

An exchange can impose whatever fees it wishes. There's no law against that.



If so, that's great news for NASDAQ.

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JamesL
 

Registered: Sep 2008
Posts: 2111

 

01-15-12 02:19 AM

Last I heard, this merger is near dead.

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tortoise
 

Registered: Nov 2005
Posts: 2579

 

01-15-12 02:32 AM


Quote from tortoise:

Well, you're probably right. But this is Germany's plan, though it may be destined to fail. Just look at the language in Merkel's party's statement--first EZ, then EU, then US. It's conspicuously expansionist, an avowed strategy to meddle in the domestic affairs of its competitors.

Certainly wouldn't be the first time Germany, misreading the enemy, has shot itself in the head. If memory serves, they've launched and lost a couple of world wars that way.

"History does not repeat itself, but it does rhyme." -- Mark Twain




From the article:

"The introduction in the euro zone alone should be a first step to be followed by efforts to get the EU as a whole and also the U.S. later on board, the declaration said."

My God, what arrogance. A unified Germany has been the past century's single greatest menace. The world enjoyed a blessed respite when she was divided during the cold war. But now, re-unified, she's back to form.

Too bad we didn't listen to Henry Morgenthau when we had the chance.


ok, end of rant.

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Random.Capital
 

Registered: Jan 2005
Posts: 3848

 

01-15-12 02:38 AM

If the point of the tax is to fund future inevitable bailouts, it's fine. Somebody has to pay for it...

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JamesL
 

Registered: Sep 2008
Posts: 2111

 

01-15-12 02:42 AM


Quote from Random.Capital:

If the point of the tax is to fund future inevitable bailouts, it's fine. Somebody has to pay for it...



Taxes rarely ever go to their intended purpose

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tortoise
 

Registered: Nov 2005
Posts: 2579

 

01-15-12 02:45 AM


Quote from Random.Capital:

If the point of the tax is to fund future inevitable bailouts, it's fine. Somebody has to pay for it...



You're joking, right?

In any event, just for the record...

No, that's not the point of the tax. And there are many ways to get "Wall Street" to "pay" for future "bailouts" than through tax that would devastate Main Street's retirement accounts (for starters).

By the way, "Wall Street," as you may know, has paid back its TARP bailout money, with interest.

General Motors, by contrast, is still in hoc to the feds. Anyone in favor of a special automobile transaction tax to fund inevitable future auto industry bailouts?

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