On Thu, Jan 14, 2010 at 12:14 PM, raghu <[email protected]> wrote: > For the first time ever, Obama actually proposes something reasonable > to rein in the banks. And it is very well-targeted too, to penalize > big institutions that depend on non-retail deposit liabilities etc. > Now, if he makes that tax about 10 times bigger, that would count as > some real progress.. > > http://www.washingtonpost.com/wp-dyn/content/article/2010/01/14/AR2010011400927.html
I am also very impressed with the new populist tone from the White House. Especially from someone like Larry Summers. Maybe they finally wised up over the Christmas Break to the true character of their banker buddies. We can hope.. http://www.washingtonpost.com/wp-dyn/content/article/2010/01/14/AR2010011403382_2.html ----------------------------------------------------------snip But the White House made it clear the administration would make things quite uncomfortable for politicians who object. "They can explain that to their constituents and to the American people," White House spokesman Robert Gibbs said. "If you want to be on the side of big banks, then you're certainly - this is a great country - you're free to do so." To banks' claims that the tax is unfair, Lawrence Summers, Obama's top economic adviser, pointed out that 15 million people are unemployed. "It's surprising to me to see institutions who have benefited so substantially at a time when there is so much economic distress among others in the country to be complaining about the justice of what has happened to them from their executive suites," he said. -raghu. -- Don't steal; thou'lt never thus be successful in business. Cheat instead! _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
