Your on the money with your comment about the Grand Caymans. Sooner or later someone with a sense of humor is going to run through the SEC databases and see how many times the name Grand Caymans pops up. It would be intersting to know who all is involved. Then to ask why? I'll bet the excuses would be funny.
Sincerely, Tom
James Baird wrote:
> >
> >They say that, but is it really true? If the G-10 central banks wanted
> to
> >enforce a Tobin tax, couldn't they? An IMF report on the 1992 ERM
> melodrama
> >said that the Swiss national bank refuses to let its banks lend francs
> for
> >shorting - that shows a pretty strong level of control for something
> >putatively out of the authorities' hands. My guess is that the central
> >banks don't want a Tobin tax, because they're totally in the grip of
> their
> >financiers, not because it's beyond their technical capacity.
> >
>
> I agree - This is one of the things that annoys me about all the talk
> you hear in the media about we must all bow down before the markets,
> governments are powerless, etc. Alan Greenspan could announce tomorrow
> that wire transfers to and from the Caymans, Bermuda, etc are no longer
> allowed, and (short of jets filled with cash a la "The Firm") that would
> be that.
>
> Jim Baird
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com