{"id":190613,"date":"2009-11-08T14:28:00","date_gmt":"2009-11-08T19:28:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/11\/08\/of-course-they-dont-the-wall-street-owns-them\/"},"modified":"2009-11-08T14:28:00","modified_gmt":"2009-11-08T19:28:00","slug":"of-course-they-dont-the-wall-street-owns-them","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/11\/08\/of-course-they-dont-the-wall-street-owns-them\/","title":{"rendered":"Of Course They Don’t, The Wall Street Owns Them"},"content":{"rendered":"
Click for full size<\/p>\n
\n

<\/a> Note: These numbers are<\/span> inflation adjusted
<\/span><\/div>\n

So, after Gordon Brown finally comes out in favor of a Tobin tax on financial transactions<\/a>, Timothy “Eddie Haskell” Geithner comes out categorically against it<\/a>:<\/p>\n

A day-by-day financial transaction tax is not something we are prepared to support,” Geithner said in an interview with Sky News. In his concluding press conference, Geithner was asked repeatedly to say why he opposed such a tax on banks and indicated he doubted its effectiveness.<\/p>\n

“This idea (of a bank transaction tax) has been around for a long time…I think frankly the experiences are mixed,” he said, expressing an American view that there was no widespread backing for such a tax.<\/p><\/blockquote>\n

The banks f%$#ed us all, we spent to bail them out than on, “WW1&2 (omitted from graphic), the moon shot, the New Deal, total NASA budgets (omitted from graphic), Iraq, Viet Nam and Korean wars \u0097 COMBINED<\/a>,” but somehow it’s unreasonable to place a tax on speculation, to:<\/p>\n