Obama Administration in support of Global bank tax.

[Hacp]

The International Monetary Fund endorsed a proposal this week that would establish a tax on bank profits and on salaries paid to bank executives. Canada, whose banking system withstood the crisis, has led the opposition to the idea, while the Obama administration, which has called for a $90 billion levy to be collected over 10 years from banks that received bailout money, tried to marshal support for it.

http://www.nytimes.com/2010/04/24/business/24group.html?ref=politics


All Obama does is tax and spend as evidenced by his support for a global tax. He doesn't ever cut anything. He is far more radical than I thought.

 

[dmcowen674]

http://www.nytimes.com/2010/04/24/business/24group.html?ref=politics


All Obama does is tax and spend as evidenced by his support for a global tax. He doesn't ever cut anything. He is far more radical than I thought.

He's doing a heck of a job Brownie. He learned well from your hero :thumbsup:

 

[tvarad]

http://www.nytimes.com/2010/04/24/business/24group.html?ref=politics


All Obama does is tax and spend as evidenced by his support for a global tax. He doesn't ever cut anything. He is far more radical than I thought.

One of the imbalances that the Wall Street con-anciers very clearly arbitraged for their gain at the expense of others is the absolute lack of cross-border regulations. It was the financial equivalent to the Taliban attacking NATO forces in Afghanistan and running back to their safe-havens in Pakistan. So I don't see anything wrong in a Global Tax to pay for any of their future excesses.

 

[heyheybooboo]

Loser Horns w/ Buzzer

Taxpayers propped up the financial sector across the globe to avoid a world-wide financial implosion.

And the OP thinks it is 'radical' to hold them responsible and accountable for it?

News Flash

... as of January 2009, a calculation for Oxfam shows that banks and other financial service firms have already received or been promised at least $8.424 trillion.

The breakdown is $903 billion of government capital injections; $661 billion of toxic asset purchases; $1.38 trillion of subsidized loans and more than $5.48 trillion of debt guarantees.

This equates to more than $1,250 for every man, woman, and child on the planet.

G20: Global bailout enough to end world poverty for 50 years





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[IndyColtsFan]

He's doing a heck of a job Brownie. He learned well from your hero :thumbsup:

Bush must be your hero too since you voted for him. Hypocrite.

 

[Danube]

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”

-Vladimir Lenin

 

[Jhhnn]

Bush must be your hero too since you voted for him. Hypocrite.

Not really fair- some people learn from their mistakes. Others just put up more mental sandbags, dig a deeper rhetorical bunker, join the Tea Party.

The global economy, darling of republicans, wouldn't be possible w/o global banking, and the current global economic malaise was created by the excesses of the banking community worldwide. It's the global lootocracy- they'll steal from anybody dumb enough to let 'em do it. And they're some of the smartest, best connected, and most ruthless people on the planet.

Meyer Lansky pioneered exploitation of modern international banking structures 50 years ago as a way to shelter mobsters' money- bankers were already ahead of him at the time, using that same structure to shelter their own profits and those of people rich enough to warrant their services... they're even more sophisticated today, to the degree that the only way to effectively tax or regulate such entities is at the global level...

I mean, uhh, wtf did you think the deregulated free market global economy was all about, anyway?

 

[NoStateofMind]

http://www.nytimes.com/2010/04/24/business/24group.html?ref=politics


All Obama does is tax and spend as evidenced by his support for a global tax. He doesn't ever cut anything. He is far more radical than I thought.

Which can be said for the last POTUS too.

 

[Genx87]

He's doing a heck of a job Brownie. He learned well from your hero :thumbsup:

Says the moron who voted for Bush twice.

 

[Brainonska511]

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”

-Vladimir Lenin

"Donnie, you're out of your element."

-Walter