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| Economy |
| Obamas bank tax welcomed in Europe |
| 2010-01-16 |
| [Iran Press TV Latest] US President Barack Obama's proposed 9 billion dollar a year tax on 50 US banks aimed to derail 'obscene bonuses' is being championed by European leaders. The proposal aims to curb huge bank profits after many of the country's financial institutions collapsed last fall. "We want our money back, and we're going to get it," Obama said on Wednesday as he disclosed a "financial crisis responsibility fee" for megabanks responsible for last year's financial collapse. On Friday, Prime Minister Jean-claude Juncker of Luxembourg backed Obama's plan by saying he "is doubtless right to propose the measures he has." "We have to see in Europe, not collectively but on a country-by-country basis, whether we can act in the same fashion," he said. The 16 European ministers are to discuss the issue at their Monday meeting in Brussels. |
| Posted by:Fred |
| #3 It's not a tax, it's a fee, dammit, A FEE!!!! |
| Posted by: Uncle Phester channeling Robert Gibb 2010-01-16 10:02 |
| #2 Zero is acting like a Loan Shark that he is. |
| Posted by: Blackbeard Omomock5867 2010-01-16 01:51 |
| #1 The Contrarian Indicator has spoken. |
| Posted by: gorb 2010-01-16 01:35 |