Finance reform bill

[lookout123]

and George Bush hates black people. I think you've got all the bases covered now Kanye.

[Spexxvet]

Originally Posted by lookout123

and George Bush hates black people. I think you've got all the bases covered now Kanye.

That's some respectful discussion.

[SamIam]

Anymore, Brown's refusal to support reform is just another typical Republican tactic to block solutions to the nation's problems. If he had come up with specific ways that the 19 billion could be taken from the federal budget, I would feel a little better about his action, but he didn't.

I shed few tears for the banking industry. Its ill conceived actions got us into this mess, and the tax payer is paying billions to bail out financial institutions.

Imposing a tax on the larger banking institutions seems only fair to me. My tax dollars are going into supporting them. It seems only fair that they pay part of the cost for unraveling this mess they have got us all into.

[Shawnee123]

Originally Posted by SamIam

Anymore, Brown's refusal to support reform is just another typical Republican tactic to block solutions to the nation's problems. If he had come up with specific ways that the 19 billion could be taken from the federal budget, I would feel a little better about his action, but he didn't.

I shed few tears for the banking industry. Its ill conceived actions got us into this mess, and the tax payer is paying billions to bail out financial institutions.

Imposing a tax on the larger banking institutions seems only fair to me. My tax dollars are going into supporting them. It seems only fair that they pay part of the cost for unraveling this mess they have got us all into.

(bold mine)

That's what I was thinking. He used the buzz words "cut federal spending" which seems to serve the purpose of saying that if the current administration weren't spending so much the money would be readily available. OK, fine. Cut WHAT?

I agree with you Sam, stick it to the financial institutions. They can handle it. They are responsible for their own actions, as we are expected to be responsible for ours.

[TheMercenary]

Originally Posted by SamIam

Imposing a tax on the larger banking institutions seems only fair to me. My tax dollars are going into supporting them. It seems only fair that they pay part of the cost for unraveling this mess they have got us all into.

Makes sense on the surface, but be assured that any tax imposed on any business will be passed on to the consumer in the form of higher fees. They will get it back from the taxpayer one way or another. So you get to pay twice, once to the feds and again through higher fees.

[Spexxvet]

Originally Posted by TheMercenary

Makes sense on the surface, but be assured that any tax imposed on any business will be passed on to the consumer in the form of higher fees. They will get it back from the taxpayer one way or another. So you get to pay twice, once to the feds and again through higher fees.

No, you pay taxes, with no choice, or you choose to use a bank with higher fees. Not both. And if the bank pays, I can choose not to use a bank.