Posted by: arnegrim | January 14, 2010

In what world…

Is punishing one group for another groups infraction right?  Sorry Tommy, I know that Susie broke the toy, but you’re grounded for it…

“President Barack Obama… proposes a new tax on the largest financial firms…”

“…A senior administration official said the tax, which officials are calling a “financial crisis responsibility fee,” would apply only to financial companies with assets of more than $50 billion. Those firms — estimated to amount to about 50 institutions — would have to pay the fee even though many did not accept any taxpayer assistance and most others already paid back their government infusions…”

“…General Motors Co. and Chrysler Group LLC, whose $66 billion in government loans are not expected to be fully repaid, would not be subject to a tax…”

http://news.yahoo.com/s/ap/20100114/ap_on_bi_ge/us_obama_bank_fees

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