Apparently there are differences of opinions as to what, exactly, “too big to fail” means. When the now-defunct Park Avenue Bank went south, the FDIC
Read MoreTag: TARP
GOP Pledge To America: No New Taxes (Now Cue The Dancers)
Today, at a hardware store in Virginia, the GOP hopes to with their “Pledge for America.” I had hoped to upload it to the site
Read MoreWhite House Claims No More Taxpayer Bailouts
The infamous Wall Street reform bill is now law: President Obama signed it today. The reform bill, known as the Dodd-Frank Wall Street Reform and
Read MoreBankers Lawyer Up to Fight Tax
Remember this ad for Infiniti Q45? The commercial doesn’t really give you much information. We just know it’s a commercial for a florist car company.
Read MoreIs The White House Banking On A Financial Industry Tax?
I can’t imagine that this looked all that good on paper… Apparently, in an effort to recover the TARP money from banks and other groups
Read MoreBig Banks Move On… With A Little Help From Their Friends?
Wells Fargo announced early this week that it will repay $25 billion received under the Troubled Asset Relief Program (TARP). The announcement comes on the
Read MoreBanks Get Approval To Repay TARP Funds
Earlier today, ten of the nation’s largest banks received permission from the Treasury to repay a fraction of the amounts loaned out. I know, it’s
Read MoreHouse Approves "Bonus Tax"
The House moved quickly to vote yes on a bill to tax big employee bonuses given by companies who have taken substantial amounts of TARP
Read MoreLegislation Introduced to Tax Bonuses at 90%
The House Committee on Ways and Means has announced that Rep. Charles B. Rangel (D-NY) has introduced legislation to tax executive bonuses. The legislation, if
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