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I ate at the spicy pickle in hattisburg tonight for the first time, it was delicous!! Not much business though on a Friday night.
did everyone bail on this or what???
well with all the buys being coded as sells, this won't go anywhere unless the volume is right and mm's quit manipulating it. It is reduculous that they are able to play around with a stock like this!!
ok that 14000 test buy right there was mine and they painted it as a sell
I smell a MOASS coming IMO.
TFZI,.0001x.0002 potential merger play
did a little digging on this just to make sure it was legit
http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.1068.IH:
incase the link doesnt work:
This is the actual bill
The Library of Congress > THOMAS Home > Bills, Resolutions > Search Results
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Let Wall Street Pay for Wall Street's Bailout Act of 2009 (Introduced in House)
HR 1068 IH
111th CONGRESS
1st Session
H. R. 1068
To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program.
IN THE HOUSE OF REPRESENTATIVES
February 13, 2009
Mr. DEFAZIO (for himself, Mr. WELCH, Ms. SUTTON, Mr. CAPUANO, Mr. WU, Mr. STARK, Ms. DELAURO, and Ms. EDWARDS of Maryland) introduced the following bill; which was referred to the Committee on Ways and Means
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A BILL
To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Let Wall Street Pay for Wall Street's Bailout Act of 2009'.
SEC. 2. FINDINGS.
Congress finds the following:
(1) The Bush Administration allocated the first $350 billion of TARP funds in a manner that has outraged the Nation by failing to provide the most basic oversight of the funds.
(2) Congress has declined to block the remaining $350 billion of TARP funds despite the lack of oversight and the record fiscal year 2009 budget deficit estimated at $1.2 trillion.
(3) The Board of Governors of the Federal Reserve System has committed more than a trillion dollars to stabilize the economy by bailing out various banks deemed `too big to fail'.
(4) The $700 billion TARP fund and the new Federal Reserve lending facilities were created to protect Wall Street investors; therefore, the same Wall Street investors should pay for this infusion of taxpayer money.
(5) The easiest method to raise the money from Wall Street is a securities transfer tax, a tax that has a negligible impact on the average investor.
(6) This transfer tax would be on the sale and purchase of financial instruments such as stock, options, and futures. A quarter percent (0.25 percent) tax on financial transactions could raise approximately $150 billion a year.
(7) The United States had a transfer tax from 1914 to 1966. The Revenue Act of 1914 (Act of Oct. 22, 1914 (ch. 331, 38 Stat. 745)) levied a 0.2 percent tax on all sales or transfers of stock. In 1932, Congress more than doubled the tax to help overcome the budgetary challenges during the Great Depression.
(8) All revenue generated by this transfer tax should be deposited in the general fund of the Treasury of the United States, scaled to meet the net cost of these bailouts, and phase out when the cost of the bailouts are repaid.
SEC. 3. RECOUPMENT OF DEFICIT ARISING FROM FEDERAL BAILOUT.
(a) In General- Chapter 36 of the Internal Revenue Code of 1986 is amended by inserting after subchapter B the following new subchapter:
`Subchapter C--Tax on Securities Transactions
`Sec. 4475. Tax on securities transactions.
`SEC. 4475. TAX ON SECURITIES TRANSACTIONS.
`(a) Imposition of Tax- There is hereby imposed a tax on each covered securities transaction an amount equal to the applicable percentage of the value of the security involved in such transaction.
`(b) By Whom Paid- The tax imposed by this section shall be paid by the trading facility on which the transaction occurs.
`(c) Applicable Percentage- For purposes of this section--
`(1) IN GENERAL- The term `applicable percentage' means the lesser of--
`(A) the specified percentage, or
`(B) 0.25 percent.
`(2) SPECIFIED PERCENTAGE-
`(A) IN GENERAL- The term `specified percentage' means, with respect to any taxable year beginning in a calendar year, the percentage that the Secretary estimates would result in the aggregate revenue to the Treasury under this section for such taxable year and all prior taxable years to equal the Secretary's estimate of the net cost (if any) to the Federal Government of--
`(i) carrying out the Troubled Asset Relief Program established under title 1 of the Emergency Economic Stabilization Act of 2008, and
`(ii) the exercise of authority by the Board of Governors of the Federal Reserve System under the third undesignated paragraph of section 13 of the Federal Reserve Act (12 U.S.C. 343).
`(B) DETERMINATION OF PERCENTAGE- Such percentage shall be determined by the Secretary not later than 30 days after the date of the enactment of this section, and redetermined for taxable years beginning in each calendar year thereafter. Such percentage shall take into account the Secretary's most recent estimation of such net cost. Any specified percentage determined under this paragraph which is not a multiple of 1/100th of a percentage point shall be rounded to the nearest 1/100th of a percentage point.
`(d) Covered Securities Transaction- The term `covered securities transaction' means--
`(1) any transaction to which subsection (b), (c), or (d) of section 31 of the Securities Exchange Act of 1934 applies, and
`(2) any transaction subject to the exclusive jurisdiction of the Commodity Futures Trading Commission.
`(e) Administration- The Secretary shall carry out this section in consultation with the Securities and Exchange Commission and the Commodity Futures Trading Commission.'.
(b) Clerical Amendment- The table of subchapters for chapter 36 of such Code is amended by inserting after the item relating to subchapter B the following new item:
`subchapter c. tax on securities transactions'.
(c) Effective Date- The amendments made by this section shall apply to sales occurring more than 30 days after the date of the enactment of this Act.
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I dont know if yall have seen this yet, but ima post it anyways,
http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax
New York, January 15th, 2009 – Greenstone Holdings, Inc (OTCPK: GSHN)
announced today that the Company and Messers Lopez and Griffin, pervious owners and
the executives of the Company’s inactive Anytime Anywhere disaster restoration service
subsidiary, Anytime Anywhere Restoration Inc., settled a lawsuit pending in Supreme
Court of the State of New York The settlement resolves a dispute between Messers Lopez
and Griffin and Greenstone over acquisition and management of the Anytime Anywhere.
No financial terms of the settlement were disclosed, but Mr. Miwa, CEO of Greenstone,
reported that the settlement is greatly beneficial to the Company reducing its liabilities by
more than $800,000.
Hey there website has been updated
http://www.egreenstone.com/news.php
on the ten day chat, this looks ready to create some higher highs, nice base building at .002 wish I had more ammo, glta
if we form a hammer today could be very bullish for tomarro
seems like mm's move this down on heavy buying, looks like they are manually setting it up for a huge bounce imo, for now this is going to move however they want it to, they are positioning themselves for a massive run IMO charts are looking ready IMO
L2 very thin all the way to .01
Mirror trade this morning of 800k/800k at same time, float getting tight????
bounced on the 200 dma, confirmed new floor, this baby is ready imo.
nice close!!!
mm`s letter her go, churning over, this is going to be huge tomarro, hope you didnt get scared out today
its an ask slappin fest
nice buys rollin in now
what are all these sells at 0.000
we get huge buys in and then they paint it red with a little sell, they are gonna let this run soon imo, i think they are just reloading right now??
here is alittle info on those mm coded trades that i found,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35759191&txt2find=mm|codes
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35406406&txt2find=mm|codes
i dont know for sure if this is legit or not, but its something to think about, i saw this a while back,
MM codes
100--I need shares
200-I need shares badly,but do not take it down
300-take the price down to get shares
400-trade it sideways based on supply and demand
500-gap one way or another,to the direction of the 500 trade.
another 100 trade, strange
yes it was, looks like were setting up support at .0032, looking good here
hittin on that double bottom, time to move up
they are outa shares, im sure there are alott of buy orders in at the ask, and they are holding them, even if you go in there and raise your buy, over the ask they will fill it at the ask, you just become a higher buy priority, you should get filled before the others that have there buy at ask, jump to the front of the line in other words, mm`s just trying to figure out a way to make money on these spreads.
also good to know that TA is not gagged,
yea same here, but 100 shares wouldnt even cover commision on this like .39 cents
100 shares just traded, isnt that code for i need shares.
shes fixin to start running on air now
deffinitly picking up momentum here!! .004 fixin to paint
i kinda wanted to flip this also on friday and get back in down here in at these prices, but this stock just moves so drastically, i played it safe and just holding long on this one, lol
Slow and steady all the way to a nickel, the slower the better,:)
lots of buyers stepping in
morning all xhua`ers,
sup learning, man i really wish i would have gotten in this when you called it, this is looking good.
well alot of it was manipulation imo, and what is up with them painting the tape at the end, way higher than what the ask was...
wait till after the weekend maybe it's delayed alittle