Geithner Opposes "Tobin Tax" on Financial Transactions

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sent by kladner since 92 days 18 hours 54 minutes, published about 92 days 16 hours 14 minutes
"Treasury Secretary Timothy Geithner indicated that the Obama administration does not support such a tax during an interview with Sky News after wrapping up a meeting of the G20 in St. Andrews, Scotland. "A day-by-day financial transaction tax is not something we are prepared to support," Geither said, adding, "this idea has been around for a long time ... I think frankly the experiences are mixed."
tags: geithner, derivatives, speculators, untaxed
4 commentscategory: Abuse of Power/Corruption karma: 171

comments

  1. #1    Funny this should come up on the heels a related article:

    http://www.buzzflash.net/story.php?id=1047124

    Why am I not surprised? Tiny Tim is only temporarily on the government side of the revolving door. Soon enough, he'll spin back to the other side and collect his rewards.
    written by kladner since 92 days 18 hours 50 minuteskladner
  2. #2    Damage control?

    Geithner is one who should be in jail anyway.
    written by PHred42 since 92 days 17 hours 1 minutePHred42
  3. #3    Wall Street is waging an undeclared financial war against America.

    If their mole at the Treasury is agin it then I'm fer it.
    written by Mike5000 since 92 days 16 hours 25 minutesMike5000
  4. #4    They are selling a product, tax it. It would soon pay for medical coverage for all.
    written by Hugh since 92 days 1 timeHugh
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