LQD: Tax Wall Street's Speed Freaks into Oblivion | 29 comments (29 topical, 0 editorial, 0 hidden)

Basel??

CLS Bank is the closest thing there is and it's not even remotely possible to operate at the requisite level of granularity.

There is not a cat in hell's chance of a Tobin Tax without a new clearing network created - or evolving - from the ground up.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Jul 31st, 2009 at 07:40:14 AM EST
[ Parent ]

Re: LQD: [...] (none / 1)

Because existing exchanges would resist? Because capital would flee to "dark pools" and engage in legally unenforceable transactions? Well, various mafia's do seem to be able to do business, but...

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Jul 31st, 2009 at 01:49:07 PM EST
[ Parent ]

LQD: Tax Wall Street's Speed Freaks into Oblivion | 29 comments (29 topical, 0 editorial, 0 hidden)

Top Diaries

Ireland 13 South Africa 8

UNGA: West Censors the South and East

EU VDL State of the Union -- Managing Decay

Rugby World Cup 2023 Week 1 review

Reactionary Visions and eNtiTiES

Sovereignty 2040

Recent Diaries

Biden's Headache in Middle East: Israel

EU as Client State of Joe's America

Canada's Trudeau Honoring an Ukrainian Nazi Collaborator

Ireland 13 South Africa 8

UNGA: West Censors the South and East

A Tale by Benjamin Franklin

Fail in Democracy Return to Authoritarianism

Yemen From Ceasefire to Peace Talks?

Huge Cost Proxy War of Choice

EU VDL State of the Union -- Managing Decay

Reactionary Visions and eNtiTiES

Top Military War Planning Under Joe Biden - Ukraine

Rugby World Cup 2023 Week 1 review

Joe's Fuck the EU -- Showdown

Modi G20 One Earth, One Family, One Future

Conflict In Syria's Deir Ezzor Province

Sovereignty 2040

Some September Food/Ag Events

September 2023

The Leading International Pariah State

Occasional Series