John Fullerton - Financial Speculation Tax News Conference

John Fullerton, a former managing director at JPMorgan, speaks at an April 15, 2010 news conference in Washington, D.C. in support of the Financial Speculation Tax.

A broad coalition of economic experts, labor leaders, and consumer, development and global health advocates are calling on Treasury Secretary Timothy Geithner, Congress and President Barack Obama to swiftly pass and enact a tax on financial speculation.

The tax is a very small levy on financial short-term transactions, which will curb excessive speculation by big banks, but with a minimal impact on long-term investors.

The news conference was sponsored by Americans for Financial Reform, Health GAP, Institute for Policy Studies, Public Citizen, Oxfam America, and Partners in Health.

Category:

Nonprofits & Activism

Tags:

• banking
• Wall Street
• Congress
• financial speculation tax
• stock market
• trading
• obama
• bailout
• financial reform