Unfortunately, it was just the HR version that passed. From what I've read, the final version may not be on Obama's desk for signing until June 2010, which is past the time the report from overseas is due about the feasiblity of the tax. It would have been great to have the reform bill signed & enacted before the release of the report.
Oh, he is economist. Unfortunately his political leaning has more bearing on the matter than his professional occupation.
I am not so sure about that. Some economists would say that this tax is not going to work because it has to be implemented globally bla-bla-bla not because it's going to hurt the free market economy and it will do more harm than good in the long run. They just don't get it as far as I am concerned.
Goldman & teh big bangs may even support this tax. It will give them teh monopoly (after the details are gone) and bigger spread in market making.
Exactly.... It is a perfect setup for the big banks in a "market making " respect .... You are one of the few catching on to what is actually happening.....
That's why I expect it to happen since it will allow the big banks to manipulate prices to the fullest extent possible.