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Banking

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The Twisted Logic of Promoting Recovery by Levying Fees 

Jun 30, 2010By

The bank tax is in, wait it’s out. FDIC premiums are increasing instead. Oh, and there are estimations that some large global banks will also pay billions of dollars to implement the new Basel standards. All of this in the name of an economic recovery. But how this will happen with watered down legislation and constrictions on recapitalization is a great big question mark in my mind.

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