A Tiny Tax On Derivatives Trades Will ‘Destroy’ America’s Capital Markets (And Other Lowlights From Mnuchin’s Chat With Congress)

A Tiny Tax On Derivatives Trades Will ‘Destroy’ America’s Capital Markets (And Other Lowlights From Mnuchin’s Chat With Congress)

Steve Mnuchin spent hours chatting with the House Financial Services committee on Thursday, and while that sounds terribly dry and boring, he weighed in on a dizzying variety of topics, many of which are germane for markets and the economy (which, contrary to what people like Mnuchin are prone to believing, are not the same thing). One of the more notable soundbites came when Mnuchin was asked about the financial transactions taxes that some Democrats have floated as a way to help fund progress
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