Obama’s Bank Tax Is Onerous, but "Banks Are Creative"

I don’t get it. I thought Treasury Secretary Tim Geithner said the government would earn -— as in profit —- from its TARP loans about $20 billion. So why all this nonsense about punitively taxing bankers’ bonuses and massive new taxes on big financial institutions to recoup taxpayer bailouts? For more, please go to VonAldo.com, the blog of Registered Rep. Editor-in-Chief David A. Geracioti

I don’t get it. I thought Treasury Secretary Tim Geithner said the government would earn—as in profit—from its TARP loans about $20 billion. So why all this nonsense about punitively taxing bankers’ bonuses and massive new taxes on big financial institutions to recoup taxpayer bailouts? For more, please go to VonAldo.com, the blog of Registered Rep. Editor-in-Chief David A. Geracioti

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