  We study the spin polarizations of both tau leptons in the decay b -> s tau+
tau-. In addition to the polarization asymmetries involving a single tau, we
construct asymmetries for the case where both polarizations are simultaneously
measured. We also study forward-backward asymmetries with polarized tau's. We
find that a large number of asymmetries are predicted to be large, >~ 10%. This
permits the measurement of all Wilson coefficients and the b-quark mass, thus
allowing the standard model (SM) to be exhaustively tested. Furthermore, there
are many unique signals for the presence of new physics. For example,
asymmetries involving triple-product correlations are predicted to be tiny
within the SM, O(10^{-2}). Their observation would be a clear signal of new
physics.
