crossposted at Loaded Orygun, Oregon's Progressive Community...
"The bill lies at the feet of those who willfully, wantonly, and irresponsibly created this mess." --Congressman Peter DeFazio
I just received a release from Peter DeFazio's (OR-4) office, with a new proposal on rescuing Wall Street: let them pay for it, literally .25% at a time:
DeFazio's proposal would impose a modest one-quarter percent (0.25%) tax on financial transactions. This tax would fall most heavily where it belongs, on those who trade large quantities of stocks, day traders and speculators. The transfer tax would have a negligible impact on Americans who have retirement assets in 401-k plans.
{more from DeFazio, including a STINGING vid from the House floor, after the jump}