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View Diary: House Populists pushing Wall Street transaction fee bill (27 comments)

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  •  I suspect you're right (7+ / 0-)

    Supporting this bill should be an easy call, but my hunch is that Treasury Secretary Timothy Geithner and senior presidential adviser Larry Summers will have Wall Street's back on this one.

    Indeed. Chuck Schumer will ensure that they have a safe haven. Fully agreed.

    Wall Street always keeps an iron in the fire. I'm hoping we can enact sufficient oversight to prevent another meltdown.

    Every day's another chance to stick it to The Man. - dls.

    by The Raven on Fri Dec 04, 2009 at 08:30:25 PM PST

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    •  London does it: 1/4 of 1% on transactions. (2+ / 0-)
      Recommended by:
      desmoinesdem, The Raven

      Amazing how that tiny fee puts a stop to the craziest of the high-speed trading schemes.

      Thereby making a number of underhanded market-pushing scams much more difficult to camouflage.

      This gets a YES-YES-YES !!

      If it was somehow revenue neutral, it would still be a big winner.

      Angry White Males + Personality Disorder delusionals + sane Pro-Lifers =EQ= The GOPer Base

      by vets74 on Sat Dec 05, 2009 at 07:47:52 AM PST

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