Posted on 01/11/2010 1:24:26 PM PST by Free ThinkerNY
WASHINGTON (AP) - President Barack Obama is considering a levy on banks to help recover tax dollars from banks that needed Washington's help to stay afloat.
A senior administration official says Obama is considering seeking a change in the law so that banks could be forced to pay back tax dollars more quickly.
(Excerpt) Read more at breitbart.com ...
What else can we expect from a Hugo Chavez wannabe?
So punish all banks for the irresponsible ones.
The big banks have alreadd paid TARP back.
Will this “fee” apply to GM? Fannie and Freddie? They owe FAR more back than do the banks....
Buuut- The big banks have already paid TARP back.
Will this “fee” apply to GM? Fannie and Freddie? They owe FAR more back than do the banks....
Didn’t they have to pay interest on the TARP money? This moron in the White House gets more ridonkulous by the day.
Of course every tax/penalty/fee/stimulus/whatever will come out of our ever shrinking pockets.
Guarantee this is a trial balloon.
It won’t *really* be the banks who pay it, it will be us.
You nailed it!
To all you maroons who voted for BO, when you elect an empty suit your reward is an empty wallet.
To all you maroons who voted for BO, when you elect an empty suit your reward is an empty wallet.
Lets punish successful banks and subsidize the badly run banks.
When you punish something, you get less of it, when you subsidize something you get more of it.
This isn’t good.
The only people that are paying....are WORKERS....
Brilliant. Could a more economically illiterate moron have ascended to become Pres__ent?
How much longer is America going to put up with thisunconstitutional rape?
I’m weighing a new levy on Zero.
They know that smacking the banks around will be popular after they got a huge taxpayer bailout but they continue to screw with consumers at retail level.
They are desperate for additional revenue streams to prop-up their profligate spending.
So it’s a win-win for them.
Retroactive tax hikes....a Democrat speciality. Clinton did it, why not Obama.
Targeting banks now - your next!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.