iOS app Android app

Obama Bank Tax

Bank Tax Relieves Taxpayers In Germany, France, UK

AP | MELISSA EDDY | Posted 05.25.2011 | Business

BERLIN — Britain, France and Germany on Tuesday committed to levying a fee on banks to shield taxpayers from the cost of resolving financial cri...

Ryan Grim

Webb Wants Banker Tax As Amendment To Jobs Bill

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Sen. Jim Webb (D-Va.), who rarely gets into battles he thinks he can't win, said on Friday that he'll push to include a windfall bonus tax as an amend...

Barney Frank: Bank Reforms Proposed By Obama Could Become Law Within Months

ft.com | Patrick Jenkins and Gillian Tett | Posted 05.25.2011 | Business

President Barack Obama's proposals to rein in the US banking sector and its practices could be enacted into law within six months, according to a key ...

Obama's Bank Reforms Must Move Beyond Populism: Arthur Levitt

ft.com | Arthur Levitt | Posted 05.25.2011 | Business

So while the most recent ideas coming from the White House are controversial, they provide an opportunity to begin a meaningful discussion on how to a...

NYU Economists

Viral Acharya and Matthew Richardson | Posted 05.25.2011 | Business

Obama's sweeping proposal for financial regulation took the world by surprise. Here two of the world's leading professors of finance explain why it is...

Bill Gates Gets Behind Obama's Plan To Tax Biggest Banks (VIDEO)

Posted 05.25.2011 | Business

In an interview with George Stephanopoulos on ABC's "Good Morning America" today, Bill Gates threw his support behind President Obama's economic polic...

Behind Obama's Decision To Toughen Stance On Big Banks

Wall Street Journal | Jonathan Weisman | Posted 05.25.2011 | Politics

For nearly a year, President Barack Obama's economic team resisted measures to restrict the size and activities of the biggest U.S. banks. Two days af...

Why Obama Is (Finally) Taking on Wall Street

Robert Reich | Posted 05.25.2011 | Politics
Robert Reich

Democratscan't target big government because Republicans do that one better, especially when they're out of power. So what's the alternative? Wall Street.

Joseph Stiglitz Interview: 'We're More Strict With Our Poor Than With Our Banks'

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

During the economic turmoil of the last few years, Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz has been one of the...

Bank Tax Won't Stop "Doomsday Cycle": Simon Johnson

Financial Times | Posted 05.25.2011 | Business

The last few weeks of political developments around the American-European financial system make us feel like we are back in the USSR. During the final...

Obama Bank Tax Could Face Legal Battle From Wall Street

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Critics of the Obama administration's proposed bank tax have called the levy arbitrary, punitive and unfair. Now they may repeat those same claims in ...

Obama Weekly Address Slams Banks For Selfishness: 'It's A Sight To See' (VIDEO)

Posted 05.25.2011 | Politics

DARLENE SUPERVILLE, Associated Press WASHINGTON - President Barack Obama on Saturday pitched his proposed tax on banks to recover the cost of bailing...

Obama Bank Tax: Follow The Latest Updates On Twitter!

Posted 05.25.2011 | Business

As several news outlets are reporting this morning, the Obama administration is pondering a levy on the nation's largest -- and riskiest -- banking in...

Citigroup: Bonuses To Be Capped At Under $100,000

ft.com | Francesco Guerrera | Posted 05.25.2011 | Business

Citigroup is to cap cash bonuses for bankers at below $100,000, according to people close to the situation. The move is aimed at defusing the public i...

Obama Bank Tax: President Weights Levy On Largest Banks To Recoup Bailout Funds

AP | JIM KUHNHENN and PHILIP ELLIOTT | Posted 05.25.2011 | Business

WASHINGTON — President Barack Obama plans to announce a new fee Thursday on the country's biggest financial firms to recover up to $120 billion ...

Bank Tax: Obama Seeks $90 Billion Levy From Big Banks

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the heig...