Stark, raving mad. Get this senile old coot out of Congress.
ALL of TV will support it and will call you a racist if you don’t.
Stark, before making it big in Congress, was a bank owner in Contra Costa (Alameda?) county in California. If memory serves, he drove the bank into the ground, but managed to sell out to Arabs (either Kashoggi or Bin Mahfouz) who were looking for a toehold in the American market. After the sale, the Arabs were not allowed to own an American bank. By that time Stark was long gone.
It would help if 65% of district 13 CA voters were not complete morons.
1% of $4 trillion is $40 BILLION in new taxes PER DAY. Figure 250 banking days per year and you get a total of $10 TRILLION in new taxes EVERY YEAR.
1% of $4 trillion is $40 BILLION in new taxes PER DAY. Figure 250 banking days per year and you get a total of $10 TRILLION in new taxes EVERY YEAR.
Except instead of trying to make money with overnight transactions, the banks will simply stop making those transaction and Stark will have single handedly destroyed the market.