June 2016
| Horizons et débatsLimiting the dynamics of the finance casino in Switzerland by means of direct democracy
A transaction tax of 0.2 per cent would amount to 200 billion per year.
Interview with Professor Marc Chesney.
The legendary Lehman Brothers crash made the financial crisis become apparent to everyone and soon there were calls for greater government controls and better protection for investors. But under no circumstances did the investment companies want state control, so the “too big to fail” clause was created and billions of taxpayers’ money were poured into the banks that had (almost) ruined themselves by speculation in the wide casino world. Even the Swiss banks had to be supported with 50 billion.