Posted on 01 April 2010. Tags: Bank Tax, Banks, France, Germany, Reforms
This just in, via The Wall Street Journal: Germany on Wednesday moved toward a new bank levy to cover the cost of future bailouts, and France said it would pursue a parallel effort as leading world economies weigh strategies for curbing speculation and preventing future crises. A proposal approved by the German cabinet would […]
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Posted in General Interest
Posted on 29 March 2010. Tags: Bank Tax, Banks, Reforms
The momentum for a worldwide agreement to tax banks is apparently on the rise: The U.S. and European governments are moving toward a consensus on taxing large banks to cover the cost of any future bailouts rather than asking taxpayers to foot the bill, as happened regularly in past banking crises. The tax proposals […]
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Posted in General Interest
Posted on 23 January 2010. Tags: Banks, Barack Obama, Ben Bernanke, Dean Baker, Reforms
Yesterday, the president announced that it was time for a new deal with banks: The tougher approach to financial regulation that President Obama outlined on Thursday reflected a changed political climate, the rebound in big banks’ fortunes after their taxpayer bailout and a shift in power within the administration away from those who had […]
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Posted in General Interest