Why Don't the Deficit Hawks Want to Tax Wall Street?

Monday 26 September 2011

by: Dean Baker, Truthout | News Analysis 

 

The intensity with which the country's leading deficit hawks continue to ignore financial speculation taxes (FST) is getting ever more entertaining. While deficit hawks like Wall Street investment banker Peter Peterson, Morgan Stanley Director Erskine Bowles and The Washington Post never tire of preaching the virtues of shared sacrifice, somehow sacrifice for Wall Street never features as a part of this story.