ST Alpha - "Obama To Push Tax On Being 'Too Big To Fail'" (Reading a Post)

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Obama To Push Tax On Being 'Too Big To Fail'

Posted by Loyola Jan 13 '10, 07:49

"The administration official tells HuffPost that the planned tax would be imposed in a way that targets firms' riskiest activities, such as proprietary trading. It would be crafted in a way that doesn't affect a financial company's retail banking, so that the cost theoretically would not be passed on to retail customers"

http://www.huffingtonpost.com/2010/01/13/too-big-to-fail-tax-obama_n_420358.html (www.huffingtonpost.com)

Responses:

would just be easier to raise capital reserve requirements proportionally with the size of the bank. - znufrii Jan 13, 07:58
I'd rather the make it illegal to be too big to fail and split these huge banking/investment firms up. - TWuG Jan 13, 07:51 2
- I do too, but it's a step in the right direction at least. -- nm - Loyola Jan 13, 07:54 1
  - I'd say it's not a step in the right direction. It will be just another set of numbers to factor in to making risky moves, with the added knowledge - con_carne Jan 13, 07:56
now they are taxing tall people ? -- nm - decline Jan 13, 07:50

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Obama To Push Tax On Being 'Too Big To Fail'

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