Posts tagged as:

TARP

Bankers Lawyer Up to Fight Tax

19 January 2010

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. The ad campaign was pretty widely knocked as “zen marketing” – it’s supposed to make you feel good about the car. You just don’t know any facts. It could be a [...]

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Is the White House Banking on a Financial Industry Tax?

12 January 2010

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 that the White House is anticipating won’t actually be paid back to taxpayers, they’re going to tax the banks, who will likely pass along the tax to taxpayers – [...]

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Big Banks Move On… With a Little Help from Their Friends?

15 December 2009

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 heels of a similar announcement from the Bank of America. Citibank rushed to join the ranks of those banks committed to repaying TARP funds over the next few [...]

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Banks Get Approval To Repay TARP funds

9 June 2009

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 kind of bizarre. Permission to pay back a loan early? You’d think the feds would be thrilled.
Here’s the scoop. While some of the banks were begging for funds, [...]

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House Approves “Bonus Tax”

19 March 2009

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 money. The bill would impose a 90% tax on bonuses to highly compensated employees of companies that received more than $5 billion (with a b) in TARP money from [...]

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Legislation Introduced to Tax Bonuses at 90%

19 March 2009

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 passed, would affect bonuses received after January 1, 2009. You can read the text of the bill here as a pdf.
The legislation, which has been introduced as H.R. [...]

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