Obama Calls for Bank Tax to Recoup Bailout
I'd be interested to read people's opinion. I especially do not understand the following comment[...]
“to recover every single dime the American people are owed”
Democratic leaders on Capitol Hill welcomed the proposal
Republicans were uncharacteristically silent
Obama spoke in some of his harshest language to date about the resurgent financial industry.
“What I say to these executives is this: Instead of sending a phalanx of lobbyists to fight this proposal or employing an army of lawyers and accountants to help evade the fee, I suggest you might want to consider simply meeting your responsibilities”
Thank you in advance for sharing thoughts.“The irony is it hurts the weaker banks more than the stronger banks,” said Meredith Whitney, a prominent financial services analyst. “To think that it won’t come out of consumers and businesses is mistaken.”