Rhody Trader

We get Humphrey-Hawkins testimnony today!

Any time the Fed chief goes to Capitol Hill it’s great theater. The questions – and in some cases rants – the Representatives and Senators through at Bernanke are highly entertaining. Well, in some cases you could call it sad since these are the folks making the decisions impacting our lives.

Speaking of our friends in Congress, it’s worth chiming in on the subject of the so-called Trader Tax that has been proposed. I wrote about it myself in the post Trader Tax proposal in Congress. Others have posted their thoughts as well:

Robert Green of Green Trader Tax tackled this issue on his website.

Tim Sykes wrote Why Peter DeFazio’s Plan Stinks.

Brett Steenbarger posted Punishing the Wrong Group.

John Lee’s take is at Seeking Alpha:  Trader Tax:  A Bad Idea.

And Corey at Afraid to Trade authored Trader Tax Bill and Petition.

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