I agree

Make some rules. Charge an insurance premium (or tax) for too big to fail financial institutions.  I would prefer that there were no too-big-to-fail financial institutions, though I suspect that’s impossible.

But don’t call the tax something like paying back TARP.  How many people will that fool?  Calling the tax TARP repayment may remind us that we used TARP to bail out GM and Chrysler.

Tom Cooley on the bank tax.

Advertisement

Explore posts in the same categories: Uncategorized