Feeds:
Posts
Comments

Posts Tagged ‘speculation tax’

Last Friday, David Arkush, director of Public Citizen’s Congress Watch division, went on CNBC to take on the corporate lobby’s spin about the effects of a tax on Wall Street’s speculative activities.

The European Union is moving forward with measures to curb the kind of risky, reckless financial speculation that led to the worst financial crisis since the Great Depression. Much to the dismay of Wall Street fat cats eager to maintain an unsustainable status quo, similar measures have also been proposed in the U.S.

Not surprisingly, the U.S. Chamber of Commerce wants to scare the public away from measures restoring any kind of accountability to the big banks and financial speculators.   (more…)

Advertisements

Read Full Post »