Gold, Oil & Indices (Equity & Bond Indices)

Guys,

Here's the correction... :D

IMF in 'radical' bank tax plans on pay and profits
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Banks and other financial institutions face paying two new taxes to fund future bail-outs, the BBC has learned.
Business editor Robert Peston said the global proposals by the International Monetary Fund (IMF) were "more radical" than most had anticipated.
All institutions would pay a bank levy - initially at a flat-rate - and also face a further tax on profits and pay.
The measures are designed to make banks pay for the costs of future financial and economic rescue packages.
The IMF documents were made available to international governments of the G20 group of nations on Tuesday afternoon and seen by the BBC soon afterwards. The plans will be discussed by finance ministers this weekend.
"The proposals are likely to horrify banks, especially the proposed tax on pay," our business editor said.
"They will also be politically explosive both domestically and internationally."
Insurers, hedge funds and other financial institutions must also pay the taxes, the IMF argues, despite them being less implicated in the recent crisis
If they were not included, activities currently carried out by banks would be reclassified as, for example, insurance or hedge-fund services to escape the levies.

...taking this debate at a forensic level, the seller of the book is based in Sydney, AU (as is sydneyjames)...and interestingly, the seller's eBay joining date on 01/10 corresponds to sydneyjames' Forum joining date of 01/10! Hmm.

Mont, you reckon...??


Asad

Chloe,

We normally use the terms, 'God permitting', 'luck permitting' etc. Nowadays, use 'clouds permitting'! :p

New cloud formations are reported over Europe. If this is indeed correct, then expect a downside in oil. It was the confirmation of the airspace opening up today that drove oil higher yes'day.

3-2 matters. Goldman will use the grounds of opposition of the TWO votes in their defence. Let's admit it, the case is weak! And it's seems like political manoeuvring (now graciously adopted by Gordon) that they're going after Goldman, due to the November US elections.

The market knows that Goldman, today or later, WILL get out this mess. If anything, the firm has huge lobby influence. What's uncertain is the AIGs, Stearns & Lehmans suing the firm.

Chloe, from my experience...your at the laaaaast stage of loss-making: FRUSTRATION. It is NOW that you'll start making mistakes & end up making losses! That's what the Cartel wants you to do...& that's what you're falling for - exactly. Avoid it...


Asad


P.S. I banked profits when oil went to 82.15 yesterday...and HOW DIFFICULT it was for me NOT to open a short when oil was 83.50?! Who wouldn't have? I didn't. Control. Discipline. The VIX is ᡌ...which meeeeeans s/thing. I opened a short at 84.20 (and I'm happy I didn't do this yesterday)

@Sydneyjames: Isn't that the second(?) time you have "found" these books?
Is it you selling them? Aren't there - ahem - copyright issues here?


If anyone remembers the character that Sidney James used to play on the old BBC Tony Hancock shows (Hancock's Half Hour)....well, say no more.

Chloe, easy! You've made ENOUGH money last month. Don't be ungrateful to the market...or else you'll face the wrath! Grrrrrrowwlllll... :p


Asad


P.S. Clash of the Titans