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Non-Tech : Banks--- Betting on the recovery
WFC 86.050.0%3:59 PM EST
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To: tejek who wrote (1104)8/27/2010 10:00:57 AM
From: Hawkmoon  Read Replies (3) of 1428
 
For its part, Congress must move immediately to restore the lapsed R&D tax credit. Even better, it should expand the credit and make it permanent.

Indeed..

But it must go further. It must reduce the tax burden related to training, hiring, and retaining skilled workers for small business.

In sum, when stimulus money is spent, it must be spent with the intention of deriving a ROI for the taxpayers, not just to provide overly cautious financial institutions a place to park their depositor's money in gov't debt, with interest paid by the taxpayer.

Finally, naked CDS should be outlawed, and US courts instructed not to uphold claims by naked CDS speculators.

Hawk
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