Took me sometime to get around it but that's how I feel about it. When there is a move to regulate an industry following the need for public intervention tax payer's money assisted, I guess it is reasonable to look at what the proposed regulation can solve. As of today, proposed regulation or transaction tax proposal coming from the EU commissioner and some countries haven't address retail abuses seen in the industry that I won't bother deny (letters invoiced $50 a piece, no limit on the number directly debited on customer's account - seen in France and much more) and should probably be adressed. But when proposed regulations come from some people that haven't been able to demonstrate at home any successful and decent regulation of their own retail banking businesses or their household retail energy businesses, it is making me somewhat suspicious.