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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (542887)1/12/2010 11:45:04 AM
From: RetiredNow1 Recommendation  Read Replies (1) of 1574854
 
That's the problem with cap and trade, it can lead to abuses. No question about that. It's no secret that Enron was pushing hard for Cap and Trade. I wonder why? :)

On another note, looks like Obama wants to recoup the cost of the bank bailouts through a tax. I'm all for it. If they are going to abuse tax payers by paying out ridiculous bonuses they got by borrowing at 0% interest rates and investing in US bonds, at taxpayer expense, then I want that money back through higher taxes for them.

Obama to target banks with new levy
By Tom Braithwaite in Washington
Published: January 11 2010 20:55 | Last updated: January 12 2010 14:50
ft.com

The Obama administration is planning to impose a new levy on top US banks, to pay for the financial bail-out as part of the budget to be presented in February.

The surcharge will aim to recoup the full cost of the Tarp bail-out fund, which the administration estimates at $120bn, although officials expect the ultimate cost will be less than $100bn.
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