SeniorJunior

Wouldn't You Know It The Prez sets out to recover our (we the taxpayers') TARP money from the banks we saved. Then before the plans get finalized, we have this Reuters story: Banks, experts eye possible ways around Obama fee Dan Wilchins NEW YORK Thu Jan 14, 2010 6:20pm EST NEW YORK (Reuters) - No sooner does Washington propose a new tax than an army of experts tries to figure out ways to avoid it. That is already the case with U.S. President Barack Obama's proposed fee on banks, designed to ensure that Wall Street banks pay up to $117 billion to reimburse taxpayers for the financial bailout: Bankers, lawyers and consultants are already considering ways to avoid paying the fee. "This law could be a real boon for lawyers and consultants like me. There are tremendous opportunities for coming up with new mechanisms to avoid it," said Bert Ely, a bank consultant in ...