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Overnight Open Thread

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RogueOne6/27/2010 4:32:11 am PDT

I keep getting told we’re getting all our bailout money back “with interest!”. If that’s true then why is this necessary?

Obama calls for bank tax as next step in reform
reuters.com


Obama wants to slap a 0.15 percent tax on the liabilities of the biggest U.S. financial institutions to recoup the costs to taxpayers of the financial bailout.

“We need to impose a fee on the banks that were the biggest beneficiaries of taxpayer assistance at the height of our financial crisis — so we can recover every dime of taxpayer money,” Obama said in his weekly radio and Internet address.

I guess making sure free checking went the way of the dinosaurs wasn’t a good enough way to stick it to taxpayers in an election year so lets go ahead and raise more taxes that will be paid by everyone but banking institutions. Good plan. Man am I glad we elected a brainiac.