<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div><br></div><div><span class="Apple-style-span" style="font-size: 13px; font-family: Times; "><iframe id="twttrHubFrameSecure" allowtransparency="true" frameborder="0" scrolling="no" tabindex="0" name="twttrHubFrameSecure" src="https://platform.twitter.com/widgets/hub.html" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; position: absolute; top: -9999em; width: 10px; height: 10px; "></iframe><iframe id="twttrHubFrame" allowtransparency="true" frameborder="0" scrolling="no" tabindex="0" name="twttrHubFrame" src="http://platform.twitter.com/widgets/hub.html" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; position: absolute; top: -9999em; width: 10px; height: 10px; "></iframe><div id="system-message-container" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "></div><span id="startOfPageId9693" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "></span><div id="k2Container" class="itemView  catpage" style="margin-top: 0px; margin-right: 0px; margin-bottom: 24px; margin-left: 0px; padding-top: 16px; padding-right: 16px; padding-bottom: 16px; padding-left: 16px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 1px; border-left-width: 0px; border-style: initial; border-color: initial; border-bottom-style: dotted; border-bottom-color: rgb(204, 204, 204); position: static; z-index: auto; "><div class="itemHeader" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><h2 class="itemTitle" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 10px; padding-right: 0px; padding-bottom: 4px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-size: 36px; font-family: Georgia, 'Times New Roman', Times, serif; font-weight: normal; line-height: 39px; ">Chairman Lies to Shareholders, Mocks Protesters</h2><span class="itemDateCreated" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: rgb(153, 153, 153); font-size: 11px; ">Saturday, 09 June 2012 10:36</span><span class="itemAuthor" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; display: block; font-size: 13px; font-style: italic; color: rgb(156, 22, 46); ">By Aaron Krager, <a href="http://aaronkrager.com/2012/06/07/chairman-lies-to-shareholders-mocks-protesters/" target="_blank" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: rgb(156, 22, 46); ">Aaron Krager's Blog</a> | Report</span></div><div class="itemToolbar" style="margin-top: 16px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 0px; border-top-width: 1px; border-right-width: 0px; border-bottom-width: 1px; border-left-width: 0px; border-style: initial; border-color: initial; border-top-style: dotted; border-top-color: rgb(204, 204, 204); border-bott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assive profits. Duffy rebuffed the questions as out of order because they did not address items on the agenda while telling them they could be asked during the open question and answer session at the end of the meeting.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">Roughly 50 protesters scattered themselves around the room prior to the meeting but stood in solidarity with each other as proxy after proxy attempted to question CME’s profitable lobbying for a state tax break last fall. The company threatened to leave the state after more than 100 years of operation if it did not get its way. Duffy tried to hedge against the protesters’ concerns at the beginning of the meeting in his opening remarks.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">“We are a global company, and we asked to be taxed like every other major company based in Illinois, many of which are much larger than CME Group,” said Duffy. “The Illinois Legislature recognized and corrected the unfair treatment by giving us an apportionment that is equitable and puts us closer to other Illinois companies.”</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">The supposed correction in the unfair treatment will deprive the state of nearly $1 billion over the next decade. The impact of this correction is severe as Stand Up! Chicago’s Elizabeth Parisan noted in the Huffington Post:</p><blockquote style="font-family: Georgia, Times, serif; font-size: 13px; margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">The cuts to these programs are so deep that they actually go back in time. Earlier this month, the state notified 40,000 childcare providers that they might not get paid for the last three months of services they provided because their program was underfunded by $73 million. The announcement thrust thousands of families into turmoil as providers wondered how they would keep their doors open and working parents wondered if they would lose the safe and affordable childcare they depend upon in order to make a living.</p></blockquote><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">“CME made $1.9 billion in profit last year. At the same time, CME is benefiting from millions of public dollars. That makes every taxpayer a shareholder in CME,” said Janet Edberg, an unemployed CME shareholder. “As an official shareholder in CME, I went to the meeting today to say enough is enough. Give back our tax dollars to the people and communities that desperately need help.”</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">Protestors interrupted in chanting after continually being denied answers to their questions. Less than an hour into the start of the meeting, those chanting were escorted out of the building by security. The meeting continued but chants of “pay your fair share” could be heard from outside as more than 500 protestors gathered in solidarity. Thousands of people participated in coordinated actions throughout the day, all aimed at the avoidable devastation to crucial social safety net programs if CME did not receive the tax break.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">Most of the remaining questions came from traders at the exchange and focused on the collapse of MF Global. Putting myself into the story, I decided to interject with a couple questions of my own. Admittedly, I could have stood with more resolve and feel I allowed the presence in the room to intimidate me. With that said, I questioned Duffy on the campaign contribution to Mayor Rahm Emanuel and the proposal to place a financial transaction tax of a mere quarter per trade.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">Armed with prepped answers and facing an inferiorly knowledgable questioner, Duffy snuffed the suspicion right out of me.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">“We gave Mayor Emanuel $200,000, Mayor Emanuel gave us back $200,000,” said Duffy. “He could not accept the contribution from CME.”</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">But he did accept it. Until the election was over with and he had won.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">While campaign disclosures might list this transaction as a campaign refund the fact is that it came after the election was already completed. Emanuel returned $198,500 of the $200,000 donation on the last day of February 2011, nearly four months after the initial donation. The Exchange has donated nearly a quarter of a million dollars to various politicians since the beginning of 2010.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">Emanuel’s returning of the CME donation is not a refund as Duffy states. It is a repayment on a loan because the money was given in order to help win an election and the return came after the successful purchase of the Chicago mayoral race. On a financial transaction tax:</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">“We’ve done this exercise with politicians when they propose a financial transaction tax,” stated Duffy. “You have people trading fourteen cents out of their own account and you want to charge them twenty-five cents and they’re only making eighteen cents per trade. So every trade they make they lose six cents [sic].”</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">Actually the math would be seven cents but that’s not the point. It’s that Duffy lied on the first answer and misleads on the second.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">The average trade at the exchange actually comes in at more than $200,000, according to Stand Up! Chicago. That’s more than enough to cover a single quarter tax on that one trade. Unfortunately, a Pew Center <a href="http://progressillinois.com/news/content/2012/04/12/report-contends-illinois-not-tracking-its-corporate-tax-breaks" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; ">report from April</a> showed that Illinois is one of 26 states that do not sufficiently track the efficiency of corporate tax break programs.</p><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: serif; ">So, how are state legislators supposed to know if these types of bills have any positive long-term effects? Moreover, how are shareholders to know what the company is doing with its money with its spokesperson does not tell the full truth? The CME and Duffy must be held accountable to the people of Illinois and cannot justify their behavior to tax payers and shareholders by avoiding the hard questions. Corporate lobbying efforts should not override the hard work of other organizations and individuals in the state. Correcting the abuse of power will help bring transparency and equity to the process and the people.</p></div><span class="disclaimer" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; ">This piece was reprinted by Truthout with permission or license.</span><div class="clr" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; clear: both; height: 0px; line-height: 0; display: block; float: none; border-top-style: none; border-right-style: none; border-bottom-style: none; border-left-style: none; border-width: initial; border-color: initial; "></div><a id="ati_email" class="at_item      athov" tabindex="84" href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><img style="border-top-style: none; border-right-style: none; border-bottom-style: none; border-left-style: none; border-width: initial; border-color: initial; margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; " height="88" width="644" src="cid:3D11616E-C722-4AEF-9E48-225D1A289150"></a><div class="itemExtraFields" style="margin-top: 16px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 8px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 1px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; border-top-style: dotted; border-top-color: rgb(221, 221, 221); font-family: serif; "><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><h2 style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 10px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: Futura; font-size: 20px; text-transform: uppercase; "><a href="http://truth-out.org/author/itemlist/user/47298" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; ">AARON KRAGER</a></h2><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><p style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; ">Aaron Krager is a former seminarian, a former political campaigner and now a current writer. Some of his work has been published in AlterNet, In These Times Magazine, Progress Illinois and other sites.</p></div></div><div class="relart" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "></div><ul style="margin-top: 10px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-type: none; list-style-position: initial; list-style-image: initial; "></ul><div class="clr" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; clear: both; height: 0px; line-height: 0; display: block; float: none; border-top-style: none; border-right-style: none; border-bottom-style: none; border-left-style: none; border-width: initial; border-color: initial; "></div></div><hr style="line-height: 0; height: 0px; border-top-style: dotted; border-right-style: none; border-left-style: none; border-width: initial; border-color: initial; border-bottom-style: none; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; margin-top: 16px; margin-right: 0px; margin-bottom: 16px; margin-left: 0px; clear: both; border-width: initial; border-color: initial; border-top-width: 1px; border-top-color: rgb(221, 221, 221); "><div class="jwDisqusForm" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; clear: both; "><div id="disqus_thread" style="margin-top: 8px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 8px; padding-right: 8px; padding-bottom: 8px; padding-left: 8px; border-top-width: 1px; border-right-width: 1px; border-bottom-width: 1px; border-left-width: 1px; border-style: initial; border-color: initial; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: rgb(242, 246, 252); border-top-style: solid; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; border-top-color: rgb(204, 204, 204); border-right-color: rgb(204, 204, 204); border-bottom-color: rgb(204, 204, 204); border-left-color: rgb(204, 204, 204); background-position: initial initial; background-repeat: initial initial; "><div id="dsq-content" class="clearfix" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; display: block; "><div id="dsq-global-toolbar" class="dsq-clearfix" style="margin-top: 1em; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; zoom: 1; line-height: 1em; "><ul class="dsq-global-toolbar-right dsq-clearfix" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-type: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 border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; ">This is Mickey Mouse stuff. CME is in the inner circle of the derivatives schemes that are collapsing the world economies. Report on that.</p></div></div><div id="dsq-append-edit-553485671" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "></div><div class="dsq-comment-footer" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><ul class="dsq-comment-actions" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-type: none; list-style-position: outside; list-style-image: initial; overflow-x: hidden; overflow-y: hidden; float: right; "><li id="dsq-like-553485671" style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; "><a href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1#" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: inherit; opacity: 0.6; ">Like</a></li><li style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; "><a href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1#" class="dsq-comment-reply" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: inherit; opacity: 0.6; ">Reply</a></li></ul><ul class="dsq-comment-meta" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-type: none; list-style-position: outside; list-style-image: initial; overflow-x: hidden; overflow-y: hidden; "><li style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; "><a href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1#comment-553485671" title="Link to comment by Klaatu" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: inherit; opacity: 0.6; ">2 hours ago</a></li><li style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; "><a href="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; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; line-height: 1.5em; word-wrap: break-word; "><div class="dsq-comment-text" id="dsq-comment-text-553461142" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; display: inline; "><p style="margin-top: 0px !important; margin-right: 0px !important; margin-bottom: 1em !important; margin-left: 0px !important; padding-top: 0px !important; padding-right: 0px !important; padding-bottom: 0px !important; padding-left: 0px !important; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; ">$.25 per $200K trade is exponentially two orders of magnitude less than my credit union's negligible interest per share. A REAL (And JU$T) QUARTER financial transaction tax on $200K Would BE $50,000 - DEFICIT($) $OLVED!</p></div></div><div id="dsq-append-edit-553461142" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "></div><div class="dsq-comment-footer" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><ul class="dsq-comment-actions" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-type: none; list-style-position: outside; list-style-image: initial; overflow-x: hidden; overflow-y: hidden; float: right; "><li id="dsq-like-553461142" style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; "><a href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1#" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: inherit; opacity: 0.6; ">Like</a></li><li style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; "><a href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1#" class="dsq-comment-reply" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: inherit; opacity: 0.6; ">Reply</a></li></ul><ul class="dsq-comment-meta" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-type: none; list-style-position: outside; list-style-image: initial; overflow-x: hidden; overflow-y: hidden; "><li style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; "><a href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1#comment-553461142" title="Link to comment by Guest" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: inherit; opacity: 0.6; ">3 hours ago</a></li><li style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; "><a href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1#" id="dsq-comment-like-count-553461142" class="dsq-comment-like-count" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; color: inherit; opacity: 0.6; ">1 Like</a></li><li class="dsq-comment-flag" style="margin-top: 0px; margin-right: 12px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; float: left; font-size: 12px; visibility: hidden; "><a href="http://truth-out.org/news/item/9693-chairman-lies-to-shareholders-mocks-protesters?tmpl=component&print=1#" class="dsq-comment-flag dsq-font" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-family: Disqus; letter-spacing: 2px; color: inherit; opacity: 0.6; "></a></li></ul></div><div id="dsq-append-reply-553461142" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "></div></div></li><li id="dsq-append-post-553461142" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; "></li><li id="comment-553538126" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; list-style-position: outside; list-style-type: none; "></li><li id="dsq-comment-553538126" data-dsq-comment-id="553538126" class="dsq-comment dsq-clearfix                        " style="margin-top: 0px; margin-right: 0px; margin-bottom: 1.5em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; zoom: 1; list-style-position: outside; list-style-type: none; position: relative; -webkit-transition-property: all; -webkit-transition-duration: 0.5s; -webkit-transition-timing-function: ease-in-out; -webkit-transition-delay: initial; clear: both; "><div class="dsq-avatar dsq-tt" title="Expand Mary Carroll's profile" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; left: 0px; position: absolute; "><a href="http://disqus.com/facebook-100003021167235/" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><img class="dsq-deferred-avatar" data-src="http://mediacdn.disqus.com/uploads/users/1831/5664/avatar32.jpg?1339292058" alt="" style="border-width: initial; border-color: initial; margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; width: 36px; height: 36px; border-top-left-radius: 3px 3px; border-top-right-radius: 3px 3px; border-bottom-right-radius: 3px 3px; border-bottom-left-radius: 3px 3px; border-style: initial; border-color: initial; " height="32" width="36" src="cid:1A3F68F3-0143-425D-8712-9F587314E175"></a></div><div id="dsq-comment-body-553538126" class="dsq-comment-body" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 46px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "><div class="dsq-comment-header" style="margin-top: 0px; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding-top: 10px; padding-right: 10px; padding-bottom: 10px; padding-left: 10px; border-top-width: 1px; border-right-width: 1px; border-bottom-width: 1px; border-left-width: 1px; border-style: initial; border-color: initial; background-image: url(http://mediacdn.disqus.com/1339189988/images/themes/houdini/backgrounds-sprite.png); background-attachment: initial; background-origin: initial; background-clip: initial; background-color: initial; font-size: 13px; border-top-style: solid; border-right-style: solid; border-bottom-style: solid; border-left-style: solid; border-top-color: rgba(0, 0, 0, 0.148438); border-right-color: rgba(0, 0, 0, 0.148438); border-bottom-color: rgba(0, 0, 0, 0.148438); border-left-color: rgba(0, 0, 0, 0.148438); max-height: 36px; border-top-left-radius: 3px 3px; border-top-right-radius: 3px 3px; border-bottom-right-radius: 3px 3px; border-bottom-left-radius: 3px 3px; white-space: nowrap; overflow-x: hidden; overflow-y: hidden; text-overflow: ellipsis; position: relative; line-height: 14px; background-position: 0px 0px; background-repeat: repeat no-repeat; "><a href="http://www.facebook.com/people/Mary-Carroll/100003021167235" target="_blank" class="dsq-commenter-name" rel="nofollow" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; font-weight: 700; text-decoration: none; ">Mary Carroll</a></div><div class="dsq-comment-message" id="dsq-comment-message-553538126" style="margin-top: 0px; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; line-height: 1.5em; word-wrap: break-word; "><div class="dsq-comment-text" id="dsq-comment-text-553538126" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; display: inline; "><p style="margin-top: 0px !important; margin-right: 0px !important; margin-bottom: 1em !important; margin-left: 0px !important; padding-top: 0px !important; padding-right: 0px !important; padding-bottom: 0px !important; padding-left: 0px !important; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; ">The most common proposal for a financial transaction tax (or "Robin Hood tax") is not a quarter per trade; it's either .25% or .5% of the amount of the trade. So if the average trade on the CBOT/CME is $200,000, the tax would add either $500 or $1,000 to the total cost of that trade. That's not chump change (and commodities trading is usually done on margin, so the trader wouldn't be paying the full $200,000), but I find it very hard to believe that the investors, traders, and/or intermediaries are operating on such a thin profit that a $500 or $1,000 tax turn a profitable trade into a loss....</p></div></div><div id="dsq-append-edit-553538126" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; "></div><div class="dsq-comment-footer" style="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