Hillary Clinton to Propose High-Frequency Trading Tax, Volcker Rule Changes

[applegrove]

Hillary Clinton to Propose High-Frequency Trading Tax, Volcker Rule Changes

by Jennifer Epstein at Bloomberg

http://www.bloomberg.com/politics/articles/2015-10-08/hillary-clinton-to-propose-high-frequency-trading-tax-volcker-rule-changes

"SNIP...............


Hillary Clinton will propose a tax aimed at penalizing “harmful” high-frequency trading strategies and offer ways to strengthen the Volcker Rule, as she unveils another set of proposals Thursday aimed at what she has termed risky Wall Street behavior.

The Democratic presidential front-runner plans to call for a tax targeting trading strategies that rely heavily on order cancellations, a Clinton aide said Wednesday, previewing her announcements on the condition of anonymity.

Coming one day after she strengthened her position with the Democratic Party's powerful labor constituency by announcing her opposition to the Obama administration's Trans-Pacific Partnership trade deal, Clinton's proposals amount to a doubling down on her bet that appeasing her party's populist base is worth more than the possibility of alienating wealthy donors. Among other things, they take aim at the traders author Michael Lewis dubbed "flash boys" and at banking industry's biggest recent lobbying win on financial regulations.

And it gives her ammunition for her first face-to-face confrontation with Senator Bernie Sanders, the Vermont socialist who has become Clinton's surprise chief rival for the Democratic nomination. The two meet in the Democrats' first nationally televised presidential debate on Tuesday.




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[JaneyVee]

1. Everyone needs to release their proposals for comparison.

That's a good first step. It's disingenuous for any candidate to criticize another's proposal if they haven't put one up themselves.

[frylock]

2. Hillary Clinton on the Issues..

https://berniesanders.com/issues/

[azmom]

3. Love it. Hahaha

[Cheese Sandwich]

6. LOL

[restorefreedom]

10. hillary: what he said 2016. nt

[6chars]

4. probably a good idea

[reformist2]

5. Another policy shift. This gets more absurd by the hour.

[Cheese Sandwich]

7. I've heard of a rebranding but this is ridiculous!

[Snotcicles]

9. They say, imitation is the sincerest form of flattery. nt

[Snotcicles]

8. I think I'll just vote for the authentic Bernie Sanders. nt