Archive | February 13th, 2012

ABA: Obama bank tax will sacrifice $600 billion in loans

February 13, 2012

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The American Bankers Association reacted harshly Monday to President Obama’s proposal to levy a 10-year tax on the banking industry that would raise $61 billion to help U.S. homeowners refinance. Obama had previously proposed a “financial crisis responsibility fee” on financial firms with assets exceeding $50 billion. That idea has been changed into a proposal […]

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