The IMF Is Not Exploring The Tobin Tax....

http://www.bt.com.bn/en/business-world/2009/11/10/imf-exploring-insurance-levy-banks-not-tobin-tax


If the US polys want to go it alone....

Bye bye US exchanges...

 

This is just what we need to hear.

 

I would imagine that we are the reason that it's not even on the table. Obama may be a dumbass socialist, but he probably wants to keep his job in 2012.

 

Your article is from Nov. 10 and Strauss-Kahn has since flip-fopped and now indicates that they'll study it.

From Nov. 24:

"And Strauss-Kahn backtracked on his opposition to a tax on the transactions of global finance. He told the CBI that the so-called Tobin tax was interesting and should be considered."

http://www.cityam.com/news-and-analysis/r528tadeq5.html

 

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And Strauss-Kahn backtracked on his opposition to a tax on the transactions of global finance. He told the CBI that the so-called Tobin tax was interesting and should be considered.

“Can [the tax system] be used to further the legitimate goals of fairness and equity in this area?” he asked. “There are a number of ways to think about this, and we will look at it from various angles and consider all proposals.”


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This seems to be more of a "placating the pitchforks" type of response in order to present a view of objectivity.

The IMF has most certainly already studied this one....and Geithner had all typical tools when he worked on the IMF Indonesia case.

For example sometimes the IMF will suggest a tax on every check transaction, etc... as an add on for an agreement....

Who knows....

I do not think that it has a chance of passage.....

The Wall Street crew will not allow it is my bottom line take....They have not even started their objections in a serious manner....

And THEY WILL....

 

http://thefreemarketeers.wordpress....-wouldnt-have-prevented-the-financial-crisis/

 

This thing is a non-issue. The congress has yet to pass one freaking law of consequence this year. thank Papa Dios for that.

the big red line is healthcare, if they get that who cares about a transaction tax.

I think they will fail. Money talks and bullshit walks.

we shall see. So far the market is pricing a big failure in congress.

 

Everyone hopes you're right. But I disagree that the market is pricing a failure in Congress. It's a bubble due to ZIRP and the result is reflation of assets everywhere, including US Equities. The Dow/S&P currently have little to do with Congress.