Just a reminder : IMF seek views on financial sector taxation: http://www.imf.org/external/np/exr/consult/2009/index.htm Everybody must send a message to the IMF.
Wrong, Dems have 60 votes, if Lieberman and Sanders, the latter an avowed socialist, votes yea. Moderate Dems do not really exist, the lesson of the Health Care fiasco, yet another statist wish list achievement. They got 60 on HCR, and they can with this with enough vote buying. So they can cut off debate, and end filibusters. And with the negative ,ood toward Wall Street and dumb voters, it is easy to sell. Ironically, big boys will have exemptions, when only THEY can take down companies in bear raids by spending millions, while the gap between rich and poor will WIDEN not lessen. And voters think Dems are about little people and narrowing the gap between the haves and have nots, LOL. Just as the PDT rules of 25K+ only to day trade, the higher the restrictions, the more lesser funded players are eliminated as competition for big playa's, like hedge funds, etc. So, we retail day traders with less than 500K accounts will be destroyed overnight, while the big boy shorts with mega million funding and equally large position sizes who DID have some bearing on the taking down of financial stocks in the crisis of 2008 WILL NOT be affected to the same degree. Just as when the SEC bans and penalizes insider trading, if you or I do it, we do not have the same inside infor they do and even if we did, we could not pay the fines if caught, so the risk reward is not there. But a big 'playa can, because a paltry 250K fine is nothing compared to the leveraged bonuses if their huge insider info plays pan out, etc. But people never seem to learn...
Schumer will be bought, and he will vote yes. He will promise exemptions for his big boy backers on da street, and will anally screw YOU, the retailer. In return for their campaign funds, he will cave, bet on it. Ask Mary Landreiu or Ben Nelson, other Dem cavers on HCR. They can reach 60, thus ending debate. Or they can add it to some other bill and hide in its 2500 pages, etc. Sad, but true.
I really don't think Schumer would cave in. Also I heard that Dick Durbin came out against the tax recently as well (He's a Dem from Illinois). I'm sure there are other Dems who won't support this horrendous tax as well. People will scream bloody murder if the big boys get their exemptions and the little guy gets screwed IMHO... -Guru
"It is however, highly unlikely that the Democrats would use this process, as they would want/need Republicans to vote along with them on something like a transaction tax." The same was said of health care reform. We all know what happened there...
Yeah, a proven snake oil weasel like Chuckie the killer doll Schumer, a jerk for over 25 years of lies, from the Bork hearings on down, is to be trusted NOT to be buyable??? No wonder our side lost and keeps losing, we keep underestimating the true believer statist and their galling nerve and will to succeed at any price. You hear it here, IF it gets that far, some form *will* pass the votes WILL be bought, and big playa's WILL bwe effectively EXEMPT, because they line the pockets of the Dems in campaign slush. Anyone believing otherwise is seriously naive...
BEHAVIOR MODIFICATION!!! HIGH VELOCITY TRADING CAUSED THE CRISIS!!! what evil bullshit!!! didn't any of you get sick listening to that guy?
yeah, that was about as one sided as you can get, "high velocity trading caused the crisis"...an interesting take...