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Wall Street reform: Scrap bank tax, end TARP
Lawmakers came up with an alternative plan to pay for Wall Street reform, attempting to save the sweeping measure from falling short of the votes necessary to pass in the Senate.After key moderate Republicans who had supported earlier versions of reforms threatened opposition, Democrats scrapped an effort to tax big banks and hedge funds to the tune of $19 billion. Instead, they would come up with $11 billion by ending the Troubled Asset Relief Program (TARP) immediately upon final passage of the bill. Posted by: gorb 2010-07-01 |
| http://www.rantburg.com/poparticle.php?ID=300041 |