As Doug Ross points out, Barack Obama has declared war on the banking sector. Of course it's just his latest assault on the free market. The disease is spreading. Britain's Guardian newspaper is reporting, "Gordon Brown plans to exploit Barack Obama's surprise crackdown on Wall Street banks to step up Britain's campaign for a new global transaction tax on financial products."
What Brown has in mind is a Tobin Tax, a levy on currency speculation.
Why don't we just stuff our cash in mattresses?
Wait...we won't have any cash soon.
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