financial responsibility tax

ei.sdraob

i love the name

when will the banks here be made to pay for their "gambles"?

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6987443.ece

The 50 biggest banks and financial institutions in the United States, including as many as 15 foreign-owned companies, will face a new levy on their assets for at least ten years to help to recover an estimated $90 billion (£55.3 billion) of taxpayer money used to bail out banks and other corporations at the height of the financial crisis.

The new "financial crisis responsibility fee" is scheduled to be announced today by President Obama, in a move designed to quell popular anger at the bailouts received by banks, which many blame for causing the crisis.

It will be levied on banks and financial institutions based on their size, regardless of whether they received bailout money.

A senior administration official said that the fee was designed to "put the largest burden on those of the largest size, who took on the most excessive risk" that led to a near-collapse of Wall Street in 2008.

Sleepy

When's the personal responsibility tax coming?

Dannyboy83

Or Personal Responsibility Tax Credit for a few of us.......

Nody

Sleepy wrote: »

When's the personal responsibility tax coming?

It's called NAMA...