Please note, I\’ve not mashed together ideas from diffferent places here. These actually are his own succeeding paragraphs.
We could have a financial transactions tax to make differential trading unprofitable – as it is for the world at large.
We could require settlement of all trading every hour – instead of every fortnight or so – making short selling nigh on impossible. I especially like this idea which is why I expect lots of opposition to it.
We\’re going to tax cash movements. Then we\’re going to insist that cash moves 80 times faster than it does at present.
And it doesn\’t stop short selling anyway. Most short sellers borrow stock so as to enable settlement.
He doesn\’t know this and yet he\’s willing to tell us how to reform the entire financial system?