>schadenfood
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>LOL
>
>I see that the bankers are talking about "flexibility" and "free market" and "efficiency" again. Uh oh. But I also see that in the UK, Lord Turner has raised a suggestion of a tax on stock or currency transactions, to disincentivize speculation and risky transfers of assets. He also says that much of the City banking activity has no social value to anybody else except the bankers and that the industry has grown far beyond socially acceptable dimensions. The proposal is described as "crackers" by those it would affect. Certainly it would wreck London as a financial center unless everybody else posts the tax... which IMHO they should. the US government for a start had to spend billions and trillions to clean up after the bankers when they ran away: why not carve that $ back out of the people whose fraudulent behavior led to the crisis? Why should theybe allowed to pop back up now that the taxpayer has cleaned up their mess and carry on "business as usual" with huge payments to themselves without performing a socially useful service? Tax them.

Those considered "too big to fail" are even bigger now. ;)