Saturday, January 30, 2010

One World Bank Tax: Banks Favor Global Fee

"Tens or even hundreds of billions of dollars" could accumulate from a global fee to be paid by the world's biggest banks. Think of it as an "insurance scheme," to rescue future bank failures. Will it eventually fund Hamas? Just a thought. Financial Times has the story straight from the Davos World Economic Forum.

©2007-2012copyrightMaggie M. Thornton