Saturday, June 26, 2010

"Tax the Banks". Sure. That'll Do It!

The HopeyChange idiocy continues.

"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.

To be precise, he wants to get 0.15% of deposits from TARP-takers.

Which means, of course, that they will extract 0.175% from depositors or from borrowers.

No comments: