Tobin Tax = a tax on financial transactions

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Sounds like Jason Ruspini shouldn&#8217-t lose sleep over it &#8212-it won&#8217-t happen:

Previously:

Paul Krugman Tries to Foist Specious Argument in Tobin Tax Debate.

Jason Ruspini is against the Tobin Tax.

The Commodity Futures Trading Commission and Securities and Exchange Commission will have authority to decide what derivatives must be centrally cleared rather than letting private parties make the call.

&#8220-Central clearing interposes a regulated clearinghouse between the original counterparties in a derivatives transaction and so creates an opportunity to make dealing more transparent.&#8221-

CNBC video


Auditing the Federal Reserve – Ron Paul style