Polly goes postal on the banks... and quite right too

If ever there was a time for an emergency super-tax, it's now | Polly Toynbee | Comment is free | The Guardian:

"Adair Turner's suggested Tobin tax would reach right into the wicked heart of the matter by taxing every transaction at the point where they skim the cream off everything, mostly people's pension funds. Goldman Sachs's profits show how a shrunken banking sector coins it as an effective cartel: the market doesn't operate as there is no competitive pricing."