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He even thinks about resurrecting the Glass-Steagall Act of 1933, which prevented banks from engaging in any sort of trading activity involving stocks and bonds.
Given that the government sent a clear signal in the crisis that it would not let the biggest firms fail, why should taxpayers guarantee this sort of trading?
Despite months of legislative fiddle piled on procedural faddle, no one ever drafted a bill with a carbon cap, and the sort of trading system necessary for industry to meet its demands, that stood a chance on the Senate floor.
The regulator also opined to the lawmaker, Senator Bob Corker of Tennessee, that it hoped the final version of the rule would not interfere with this sort of trading.
When a new celebrity is minted in the movie theaters or ballparks, this is where the story breaks -- on the vast magazine racks that form a sort of trading floor for public reputations and pretty faces.
It would be more unwieldy than a tax but would probably include a mechanism for trading carbon permits among companies (a "cap and trade" scheme) that would greatly reduce the cost of reducing emissions.The Economic Report of the President is full of praise for market-based policies and various proposals for some sort of trading are already floating around Congress.
Similar(48)
But what sort of trade-off does that entail?
"Normally, that sort of trade is out of the question," Mr. Takata said.
The evolutionary advantage to gradual growth and development is thought to be a sort of trade-off.
Emerging markets are floundering: a report on the synchronised slowdown from the Fund puts much of it down to weak trading partners (a sort of trade contagion).
Representatives of about 30 alternative weeklies met recently in Seattle to discuss, among other matters, the possibility of forming a sort of trade association.
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