This guy can only talk without any concrete constructive steps - now people are tired of his talk and wish him gone. Two years, his damages are even more than the Bush administration. The future generations will suffer from the mistakes of these two prez - the worst prez ever.
Cramer means, of course, the Securities and Exchange Commission, which he thinks does little these days to protect retail investors. Since the most recent Bush administration took over, the SEC has repealed the uptick rule, approved double- and triple-levered exchange-traded funds and allowed high-frequency trading, all of which have made it harder for “the little guy” to buy and sell stocks. And President Obama has done little to roll back the damage, Cramer said.
Don’t expect any help from the exchanges either, whether Nasdaq or NYSE Euronext [NYX 35.44 0.04 (+0.11%) ]. It’s in their interest to allow hedge funds to make tons of fast trades because that’s how the exchanges make their money. There was a time when the Naz and NYSE were nonprofit, mutualized organizations that could police themselves, but those days are gone. Now their goal is making money, which is fine, but retail investors need to keep this in mind.
nder the bill introduced by Rep. Kevin Brady, R-Texas, the federal income tax owed on returning profits would fall from 35 percent to 5.25 percent for one year.
发表于 2011-7-9 10:05
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