I haven't read this thread carefully, I'm sorry if this was already posted. Looks like the tax is also hidden in a health insurance coverage bill. Look at page 19 line 20 here: http://www.pnhp.org/docs/nhi_bill_final1.pdf
hey I did not say it would be easy. your point is solid. I used to risk and 1/8 and we routinely made quarters to halves. Once or twice a day we made 3/4 to a buck. We did also have a lot of breakevens and a few losses. I probably averaged 1000 to 1500 hundred a day in commission. One of the reasons I opened my own office was to get my commissions down. When I started I paid 25 bucks a trade and we had 1/8 spreads or more.
I remember those days and u actually new which way the stock was going to move on the level 2! U knew it was gonna move a few levels and your gonna make! Ahh the good old days! The old green instinet box!
Agreed 100% Within 90 seconds of reading the Bill, you could see that it had to do with reigning in ICE and WTI trading without position limits over in Dubai and London, not too mention how the big banks have "gamed" the oil trading swap markets; characterized as commercials and hedgers, etc. - - - not too mention the CDS OTC issues. Why is it that people are TOO FREAKING LAZY to actually read the Bill?
This stimulus bill is 1400 pages. How many legislators do you think read it? Probably not "light" reading, either. Much to ponder over, much to have explained. Yet, becomes "law" anyway. With the size of bills and as many as Congress passes, what time would they have to do anything BUT read...? Bottom line... the legislative process is really a ruse to disguise that Congress is simply going to do whatever the Hell it wants...
You might want to do a little more reading about Obama and what his agenda might possibly be. I think I'm right on target with my statement and the kind of people he attracts. Barack Obama admitted that he was drawn to Marxists during his college days. He wrote about it: "To avoid being mistaken for a sellout, I chose my friends carefully. The more politically active black students. The foreign students. The Chicanos. The Marxist professors and structural feminists."