Comments on: Explaining Obama’s strange bank tax

By: clearthinker

clearthinker — Thu, 14 Jan 2010 05:20:03 +0000

Hmmmmmmmmmmmmmmm.
lets see, the government prints the money, the banks use the money, the tax payer borrows and repays the money plus interest with lower value dollars.
Hmmmmmmmmm, clear to me.
But one simple question: If the tax payers have to pay higher loan rates with lowered value dollars, ,then they will borrow as little as they can- if at all.
The net result is few new loans.
Hmmmmmmmmmmmmmmmmmm????

Shouda let the titans fall and the thrifty would have emerged as the new top species on the planet.
You know, like when the dinosaurs made way to the mamals.

Sounds clear to me.

By: drewbie

drewbie — Wed, 13 Jan 2010 21:48:20 +0000

in regards to #4:
There’s no reason to prevent the cost from being passed on. Higher costs / lower returns will drive customers away turning a TBTF bank into a smaller beast.

Not that that perk makes this a good idea.

By: Ed753

Ed753 — Wed, 13 Jan 2010 02:56:17 +0000

Lets see, punish JPM, because ….. They did things right, made money, paid taxes and employ thousands, not to mention, got the government out of a jam with Bear Sterns and WaMu.

If only all banks could be like Citi ……

By: Tracy9999

Tracy9999 — Tue, 12 Jan 2010 23:39:58 +0000

What a total disappointment!

Tracy, Status Now

By: gotthardbahn

gotthardbahn — Tue, 12 Jan 2010 20:19:09 +0000

Repeat after me: One term wonder. Fortunately America will recover after he’s gone.