Dr. Peter Morici: President Obama’s Bank Tax: Just another bit of demagoguery
Jan 18th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The president says his proposed tax on the capital of the largest banks and financial institutions is intended to recoup the TARP (Troubled Assets Relief Program - - federal bailout scheme for the financial industry) money that has not or will not be repaid.