Germans Back Bank Tax to Pay for Future Bailouts
- Trichet Warns of Risks with Bank Taxes. // American Banker;4/27/2010, Vol. 175 Issue 64, p16
This article reports that Jean-Claude Trichet, the European Central Bank president, has warned that countries should be very careful about implementing any new taxes on banks. He was referring especially to taxing banks to pay for future bank bailouts.
- More Income Tax Breaks For Rich "Job Creators?" Sure. But With Strings. SILVERSTEIN, MICHAEL // Moderate Voice;8/15/2012, p6
The article discusses the bank bailouts in the U.S. that were carried out without strings. It states that both the left and right are angry with U.S. President Barack Obama for how bailouts were made. It says that the bank bailouts lead to a Republican issue in the 2012 election on the need to...
- Preventing a Financial Crisis--Before It Happens. // BizEd;May/Jun2008, Vol. 7 Issue 3, p55
The article cites a study, titled "Bank Incentives, Economic Specialization, and Financial Crisis in Emerging Economics," which determines how banks, bailouts, and economic specialization can lead to financial crises in emerging markets. The researchers reveal that the state of a country's...
- Support Grows To Add Tax on Banks to Bill. Hopkins, Cheyenne // American Banker;5/5/2010, Vol. 175 Issue 69, p1
This article reports that support for taxing the largest banks in the United States is increasing in Congress. U.S. Secretary of the Treasury Tim Geithner supports adding a tax provision to regulation reform. The tax will ensure that banks pay for future bailouts if necessary. The article notes...
- Bank Tax Plan Draws Ire of House GOP. Kaper, Stacy // American Banker;1/13/2010, Vol. 175 Issue 7, p3
The author reports that U.S. House Republicans oppose a bank tax proposal by the administration of President Barack Obama. The plan is designed to recoup taxpayer monies used to bail out the financial industry. Republican members of the House Financial Services Committee feel the proposal runs...
- Lobbyists try to make bailout easier to swallow. Brush, Silla // Hill;1/14/2009, Vol. 16 Issue 5, p15
The article reports on the refusal of the lawmakers in the U.S. to support the Troubled Asset Relief Program (TARP) for the struggling business enterprises in 2009.
- The Boston Globe. // Hill;2/13/2009, Vol. 16 Issue 18, p14
The article offers information on the government bailouts to the U.S. financial sectors.
- November shares rally. Sleight, Chris // International Cranes & Specialized Transport;Dec2010, Vol. 19 Issue 3, p12
The article reports on the bailout of 118 billion US dollars received by Ireland from other members of the European Union (EU) to cover liabilities in the nationalized banking sector in the country.
- Blame game on Fannie and Freddie. Youngman, Sam; Rushing, J. Taylor // Hill;9/9/2008, Vol. 15 Issue 101, p1
The article reports that the White House blamed the U.S. Congress for the bailout of President George W. Bush administration of mortgage companies, Fannie Mae and Freddie Mac.