Saturday, Jan 23, 2010
"e I de addy oh, we all hate the banks"
The Guardian: Gordon Brown to push for 'Tobin tax' after Wall Street crackdown
Gordon Brown plans to exploit Barack Obama's surprise crackdown on Wall Street banks to step up Britain's campaign for a new global transaction tax on financial products.
The prime minister believes the dramatic US move to curb risky activities by major US banks indicates a new-found willingness on the part of Washington to contemplate radical reform of markets.
Posted by devo @ 12:55 AM (669 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. freemanphil said...
A global tax, paid to whom, under what constitutional authority, used to fund what? I think this is to fund a global regulator to make the corporate processes compulsory to regulate the little person out of the market. And yes, you and I are the little person. This is what they do with food production, its what employment laws do when they make the corporate HR function compulsory even in small businesses. They are driving the natives from their God given right to contract with each other, and they are stealing our money to do it. Once again, this is government solving a problem caused by the moral hazard they provided, perpetuated by inane bailouts.
2. mken said...
@1 so how do you suggest they tackle the "moral hazard they provided"?