News. Jan. 14 (Bloomberg) -- President Barack Obama said the levy he wants to impose on as many as 50 large financial firms is aimed at getting back “every single dime” that taxpayers put in to bailing out those companies.
Slowly and steadily. It sounds like an afterthought. First TARP. Then bonuses. Then regulation. Now bank levies.
It just does not sound right. Why did not they think about the complete package of penalties at the time of the bailout?
Meanwhile, big banks too bis to fail are bigger. Am I missing something?
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
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