Tuesday, September 23, 2008

The thing about financing the bailout with a securities transfer tax, like they have in England and other places is that, in England and other places, American financial firms devour the local lunch, for the simple reason that the securities transfer taxes create a prohibitive barrier to entry into the market place, while the marginal cost of applying electronic systems across borders is far less than the cost of developing indigenous systems.


Post a Comment

Links to this post:

Create a Link

<< Home